What Travel Rule Compliance Means for Crypto Platforms
The Travel Rule, originating from the Financial Action Task Force (FATF), is a key anti-money laundering (AML) regulation extended to cryptocurrencies in 2019. It mandates that Virtual Asset Service Providers (VASPs), such as crypto exchanges, wallet providers, and custodians share customer information during transactions to enhance transparency and combat illicit activities like money laundering and […]
How VASPs Detect and Report Suspicious Activity in Kenya
Kenya’s Virtual Asset Service Providers (VASP) Act of 2025 has brought cryptocurrency platforms, exchanges, and wallet providers into the national anti-money laundering (AML) and counter-financing of terrorism (CFT) framework. Under this law, VASPs are now classified as reporting institutions under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA). This means they must put in […]
Why Cross-Border Crypto Transfers Require Extra Controls
Cross-border crypto transfers are increasingly popular in Kenya and across Africa. Kenya recorded Sh426.4 billion ($3.3 billion) in stablecoin transactions in the year to June 2024, according to blockchain analytics firm Chainalysis. In that same period, Kenya was the fourth-largest recipient of stablecoins in Africa, behind Nigeria, South Africa, and Ghana. On-chain cryptocurrency activity across […]
Genetec releases 2026 global State of Physical Security Report
Nairobi, Kenya – December 10, 2025: Genetec Inc. (“Genetec”), the global leader in enterprise physical security software, released today its sixth annual State of Physical Security Report 2026. Based on insights from over 7,300 physical security leaders worldwide (including end users, channel partners, systems integrators, and consultants), the report shows that physical security is playing […]
Equity Group Dismisses 2,000 Employees, Raises Pay for Remaining Staff
Equity Group has fired about 2,000 employees over conflict of interest concerns after an extensive ethics and conduct audit uncovered irregular financial activity involving staff accounts, customer transactions, and third-party entities. The review forms the latest phase of a crackdown that began in 2024 and has now widened across the lender’s regional subsidiaries. The Equity […]
Jubilee Health Insurance Wins Healthcare Campaign of the Year; Marketing Head Named Marketing Trailblazer of the Year at MWA 2025
Nairobi, Kenya – December 2025: Jubilee Health Insurance Limited emerged as a standout winner at the Marketing World Awards (MWA) 2025, taking home the prestigious Healthcare Campaign of the Year award for its “Always With You – One Year of Care” campaign. The recognition celebrates the company’s bold approach to human-centered storytelling for a digital-first […]
How Stablecoins Are Used in Global Payments
Roughly one in every sixteen people in the world now uses stablecoins, amounting to about 500 million users globally. This growing user base shows how quickly stablecoins have moved from niche digital assets to a practical tool for international payments used by individuals, businesses, and fintech platforms. Stablecoins have become one of the most common […]
CAK Fines Directline Assurance Sh85 Million Over Payment Delays to Garages
The Competition Authority of Kenya (CAK) has fined Directline Assurance Sh85,019,847.32 after determining that the insurer abused its buyer power in dealings with two Nairobi-based garages, Kilele Motors Limited and Midland Autocare Limited. The penalty follows a series of complaints filed in May 2024, in which the two SMEs reported persistent delays in payments for […]
IFC Catalyzes Breakthrough in Africa’s Vaccine Manufacturing: Biovac Launches Cholera Vaccine Trials
Biovac, an IFC client, has begun clinical trials for South Africa’s first domestically developed oral cholera vaccine—a landmark achievement for Africa’s health security. This innovation promises faster, more reliable access to vaccines during cholera outbreaks and reduces dependence on imports. If approved, the vaccine could be available by 2028. IFC’s Role: Driving Local Vaccine Manufacturing Capacity For […]
Why Blockchains Are So Hard to Alter Once Data Is Recorded
Blockchains achieve near-perfect resistance to tampering through a combination of cryptographic chaining, distributed consensus, and widespread network distribution. These mechanisms make altering past records extremely difficult, even for attackers with vast computing power or capital. The chaining mechanism is fundamental to blockchain security. Each block in a blockchain contains two critical pieces of information: the […]