Bitcoin’s $19 Billion Bloodbath: Is This How the Bull Market Ends?
By Thuita Gatero, Managing Editor, Africa Digest News. He specializes in conversations around data centers, AI, cloud infrastructure, and energy. On Saturday, October 11th, the crypto world witnessed what can only be described as a financial earthquake. In a single day, more than $19.16 billion in leveraged positions was wiped out, the largest liquidation event […]
CBK’s Role in Regulating Digital Banks and Mobile Wallets
The Central Bank of Kenya (CBK) is at the center of regulating digital banks and mobile wallets in Kenya. Its mandate, drawn from the Central Bank of Kenya Act (Cap 491) and Article 231 of the Constitution, focuses on ensuring monetary stability, expanding financial inclusion, and enabling innovation in the payments ecosystem. As the overseer […]
Data Protection Laws in Kenya and Their Impact on Digital Banking
Kenya’s growing digital economy has created new opportunities for financial inclusion, but it has also raised urgent questions around personal data security. The Data Protection Act, 2019 (DPA), which came into effect on November 25, 2019, is the country’s main legal framework for data protection. It enforces Article 31 of the Constitution on the right […]
How Regulation Is Shaping the Future of Neo-Banks in Kenya
Neo-banks, also known as digital-only banks, are redefining how Kenyans access and use financial services. These institutions operate entirely through mobile apps and digital platforms, offering services such as instant loans, savings accounts, and payments, without the need for physical branches. With M-Pesa serving more than 50 million users, Kenya’s fintech ecosystem has grown rapidly, […]
The Evolution of Digital Banking in Kenya
Kenya’s journey toward digital banking shows how technology can transform an entire financial system. What began as a cash-based economy with limited access to formal institutions has evolved into a dynamic digital ecosystem, often referred to as Silicon Savannah. Today, Kenya is recognized globally for its innovations in fintech, mobile money, and data-driven banking, with […]
Why Safaricom Ethiopia Is Off to a Great Start Despite Millions in Losses
When Safaricom Limited entered Ethiopia in 2022, it was clear the journey would not be easy. The Kenyan telecom giant took on a high-risk market, one with over 130 million people, long dominated by state-owned Ethio Telecom, and marked by civil unrest, high inflation, and strict regulation. Yet, despite recording heavy losses in its latest […]
Repayment Terms Explained: Salary Advance vs. Loan Apps
Salaried workers often face unexpected expenses before payday, prompting many to seek quick financial solutions. Two options stand out, salary advances and loan apps. Both offer fast access to cash, but their repayment structures, costs, and risks differ greatly. Understanding how these systems work helps borrowers make better financial decisions, especially amid rising living costs […]
What It Takes to Get a Salary Advance Loan Approved in Kenya
Getting a salary advance loan approved in Kenya involves more than just submitting an application. Lenders, whether banks, SACCOs, or fintech firms, evaluate eligibility, employment stability, income consistency, and credit history before releasing funds. Understanding these requirements helps applicants improve their chances of success when applying for a Salary Advance Loan in Kenya. Understanding Salary […]
Unsecured Personal Loans vs. Salary Advances: Where Do You Pay Less in Kenya?
Kenya’s financial landscape has become increasingly diverse, giving salaried individuals multiple options to access quick credit when faced with emergencies or budget shortfalls. Among the most common solutions are unsecured personal loans and salary advances, both offering flexible access to cash without the need for collateral. But which one costs less to borrow in Kenya’s […]
The Growing Demand for Salary Advance Loans in Kenya
The demand for salary advance loans in Kenya has surged in recent years, as workers increasingly rely on short-term credit to manage rising living costs and unpredictable expenses. Unlike traditional bank loans, which often involve lengthy approval processes, salary advance loans are disbursed almost instantly, frequently via M-Pesa, making them a popular financial lifeline for […]