Tag: kenya

  • kenya
    Blockchain

    Blockchain Technology Disrupts the Informal Economy in Kenya

    Kenya is one of the African nations in dire need of financial reform. Introducing such changes will require embracing new technologies. Blockchain will certainly play its role in this regard. The nation’s informal economy – valued at $20 billion – can certainly benefit from immutable ledgers. The Informal...

    JP Buntinx | June 14, 2018 | 11:00 am
  • kenya blockchain
    Blockchain

    Kenyan Government Creates Blockchain Task Force to Modernize Infrastructure

    Kenya’s President Uhuru Kenyatta has ordered the Ministry of Information and Communication Technology (ICT) to a create a task force that will focus on how the country can leverage blockchain technology and the Internet of Things (IoT). Kenya is the most recent African country to publicly support blockchain...

    Thomas Delahunty | February 28, 2018 | 11:01 pm
  • Mobile Money Kenya
    Bitcoin

    Mobile Money Reduces Poverty In Kenya By 2% In Recent Years

    Mobile money is becoming the new norm in developing African countries. Projects such as M-Pesa have seen tremendous success in Kenya, as it allows more females to create a business career for themselves. More importantly, mobile money has aided nearly 200,000 households to escape poverty, which is an...

    JP Buntinx | December 11, 2016 | 11:00 am
  • Kenya Taxation Small Business
    Bitcoin

    Kenya Revenue Authority Aims To Impose Stricter Tax Compliance

    The financial situation in Kenya is slowly spiraling out of control. Small business owners are once again being targeted by the local Revenue Authority. Owners of a kiosk may find themselves forced to pay tax very soon, and door-to-door inspections to ensure tax compliance will be conducted. Another...

    JP Buntinx | October 9, 2016 | 1:00 pm
  • Central Bank

    Central Bank Governor: Kenya Not in a Hurry to Adopt Bitcoin

    While almost every tech-friendly country out there is taking active stands to integrate Bitcoin and its underlying technology, blockchain, into their ecosystems, Kenya seems to be taking it slow. Patrick Njoroge, the Governor of the Central Bank of Kenya, has recently warned that the country should not rush into...

    Gautham | May 30, 2016 | 5:00 pm
  • kipochi

    Former Kipochi CTO Explains Controversial M-Pesa Deal

    Bitcoin startup Kipochi struggled to maintain its bitcoin service in Kenya, after the country’s largest mobile operator Safaricom terminated the firm’s operation with Kopo Kopo, popular Kenya-based merchant payment service provider. Kipochi’s service enabled users of M-pesa, a mobile phone-based money transfer, financing and micro-financing service launched by Vodafone for...

    Joseph Young | January 11, 2016 | 7:00 pm
  • Keyna Bank Warning
    Bitcoin

    Kenyan Central Bank Puts Out Alert Against Using Bitcoin

    The Christmas season is a time for giving, spending time with loved ones, and reflecting on all that one should be thankful for. In Kenya, however, this holiday season is a time to spread fear and protect your thiefdom, according to the Kenyan central bank. Bitcoin has been...

    Guest Author | December 15, 2015 | 5:24 pm
  • Bitcoin for the Third World Economy

    Bitcoin’s Role in the Third World Economy

    Bitcoin is considered as a truly global currency, and we have been discussing its potential uses and how it can help the world’s economy for a while now. Until now, the use cases involved developing nations at peacetime where it is used for remittance and offering banking services to...

    Gautham | June 21, 2015 | 2:00 pm

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