Fugitive Binance executive Nadeem Anjarwalla faces extradition to Nigeria
The Federal Police Service of Kenya is underway in extraditing Nadeem Anjarwalla, a high-ranking Binance official who escaped from custody in Nigeria. According to the authoritative source of the Nigerian government relayed by the International Criminal Police Organisation, the gangster money launderer Anjarwalla will be delivered to Nigerian authorities within the current week, Punch reports. […]
Joint operation traces fugitive Binance executive in Kenya
Nadeem Anjarwalla, who is a senior level executive of Binance, a cryptocurrency-giant, has finally been traced in Kenya after fleeing from Nigeria under the custody. The Nigerian authorities, with the help of their Kenyan counterparts and international law enforcement organizations, are seeking to extradite Anjarwalla to account for assorted cases, including embezzlement and money laundering. […]
AI-Powered Application in Development to Detect Tuberculosis in Kenya
In a radical move, scientists at the Kenya Medical Research Institution (KEMRI) are leading the proactive invention of a computerized application where AI can diagnose tuberculosis (TB) and other respiratory disorders. The project will be headed by Dr. Videlis Nduba and his fellow healthcare professionals who are pushing for a revolution in healthcare technology. This […]
UAE and Kenya Forge Digital Investment Partnership
The UAE Ministry of Investment and the Republic of Kenya’s Ministry of Affairs, Information and Communications have contracted a major Investment Memorandum to enhance bilateral business ties and build digital infrastructures. The treaty envisions cooperation in that field to assist in confirming intended initiatives for both countries’ digitalization and technology development. A strategic plan is […]
Kenya Spearheading Artificial Intelligence Development for Economic Growth
In a bid to secure its position as a significant player in the global artificial intelligence (AI) landscape, Kenya has embarked on a strategic journey towards embracing technological innovations. Under the leadership of President William Ruto, the country is actively pursuing initiatives outlined in the Bottom-up Economic Transformation Agenda 2022-2027. This agenda sets the stage […]
Worldcoin to restart operations in Kenya by early 2024
Worldcoin, the cryptocurrency project known for using iris biometric technology, is reportedly on the verge of resuming its operations in Kenya. This development follows a period of regulatory scrutiny that led to suspending its activities in the country. According to recent reports, Worldcoin representatives have engaged in discussions with Kenyan authorities, leading to an agreement […]
Kenya’s Homa Bay Introduces WhatsApp Chatbot for Gender-Based Violence Response
In a significant move to address the persistent challenge of sexual and gender-based violence (SGBV), Homa Bay County in Kenya has introduced a toll-free hotline and a WhatsApp Chatbot. This initiative marks a transformative approach to offering support and justice to survivors of gender violence. The hotline and Chatbot, designed to maintain the confidentiality of […]
Kenya to regulate and tax cryptocurrency trading: Report
The National Assembly’s Finance and National Planning Committee in Kenya has endorsed the Capital Markets (Amendment) Bill, 2023. According to a local report, this bill, sponsored by Mosop MP Abraham Kirwa, aims to introduce regulations and taxation mechanisms for the country’s burgeoning digital currency market. Regulatory framework and taxation measures The proposed legislation seeks to […]
Kenya Moves Toward Developing Crypto Regulation in Pioneering Effort
In a groundbreaking development, Kenya is poised to become the first country in the world where industry representatives are actively involved in shaping the regulatory framework for cryptocurrencies. The move comes as the Blockchain Association of Kenya (BAK) was directed by the National Assembly’s Departmental Committee on Finance and National Planning to draft what could […]
How Sub-Saharan Africa is quietly dominating the Bitcoin market
Sub-Saharan Africa, often considered a smaller player in the global cryptocurrency market, is making significant strides in crypto adoption. Recent data by Chainaalysis reveals that the region accounted for 2.3% of global transaction volume between July 2022 and June 2023. During this period, an estimated $117.1 billion in on-chain value flowed through the region. Moreover, […]
Worldcoin invests over $4.8 million in blockchain education in Kenya amid controversy
Worldcoin’s subsidiary, Tools for Humanity, has invested more than $4.8 million in Kenya, focusing on blockchain and cryptocurrency education as well as Information and Communication Technology (ICT) awareness. Alex Blania, the CEO of Tools for Humanity, disclosed the investment details during a parliamentary inquiry into the company’s activities in Kenya. It is important to know […]
Artificial Intelligence in Dispute Resolution: Kenyan Landscape Examined
Artificial Intelligence (AI) is fast becoming a prominent force across diverse industries in Kenya, mirroring global trends. AI is making its presence felt from finance to entertainment, academia to energy. This article explores the burgeoning role of AI within Kenya, with a particular focus on the field of dispute resolution. AI is ushering in a […]
Kenya forms committee to investigate Worldcoin’s Iris Scan authentication
Kenya’s legislative bodies have set up a dedicated committee to probe the operations of Worldcoin, a controversial cryptocurrency demanding iris scans for user authentication. Comprising 15 members from the Tourism and Wildlife, Communication and Innovation, and Administration and Internal Security sectors, the committee’s task is to scrutinize Worldcoin within a 42-day timeframe, as directed by […]
Argentina opens investigation into Worldcoin amid the growing regulatory scrutiny
The government of Argentina has informed Worldcoin that it has launched an investigation into its data collection activities in the country. The Public Information Access Agency (AAIP), the country’s data regulator, sent a letter to the Worldcoin Foundation requesting information on how the organization handles the personal information of Wordcoin users. Argentina has had it […]
Worldcoin continues to make negative headlines – Bavaria’s Data Watchdog speaks
According to incoming market reports, Bavaria’s data watchdog had not completed its privacy and security evaluation of Worldcoin prior to the project’s launch, the agency’s chief stated. Bavaria is a German state in which Worldcoin (WLD) has established an entity to administer the data for its European users; consequently, the local authority is leading the […]
Kenyan government suspends Worldcoin operations amid concerns over data privacy and legitimacy
In a striking move against a global identity crypto protocol, Kenya’s Ministry of the Interior has suspended the operations of Worldcoin within the country. Worldcoin, co-founded by OpenAI’s Sam Altman, has come under scrutiny for its practices in collecting iris data. The suspension will remain effective as various Kenyan agencies assess the project’s risks to […]
Africa’s cryptocurrency market surged by 1,200% between 2020 to 2021: Report
In a notable development, the African continent has witnessed a staggering growth of 1,200% in cryptocurrency adoption from July 2020 to June 2021, according to an Emurgo State of Web 3.0 report. Despite accounting for only 2% of the global value of all cryptocurrencies, Africa’s rapid acceptance of digital currencies is reshaping traditional financial flows […]
Kenya’s president really just hates the US dollar
Kenya’s President, William Ruto, a firm advocate for local currency reliance in Africa, intensifies his campaign against the dollar. The message is clear: it’s high time African nations abandon the use of the currency in cross-border trade and embrace their national currencies. Afreximbank: A tool for currency liberation Ruto’s conviction is not just theoretical but […]
Kenya urges Africa to dump the US dollar
Making a compelling case to free Africa’s economic prospects from the influence of the U.S. dollar, Kenya’s President William Ruto recently pressed the continent to embrace a new financial future. Advocating for a pivot in the African trading system, Ruto emphasized the need for continental economic self-reliance. Kenya takes the lead in advocating for Pan-African […]
Kenya’s central bank governor clarifies crypto stand
Governor Patrick Njoroge, who is nearing the end of his tenure at Kenya’s Central Bank, has come forward to share his perspective on the often-controversial subject of cryptocurrencies. His statements come at a time when the global financial world is divided on the issue, with some welcoming the technology and others, like Njoroge, offering cautionary […]
Kenya and Abu Dhabi’s Venom Foundation join forces to develop blockchain, Web3 hub in Africa
To foster blockchain innovation across key sectors in Africa, Kenya has announced a partnership with Abu Dhabi’s Venom Foundation. The collaboration aims to revolutionize industries such as finance, supply chain, agriculture, business, and cross-border trade, according to the May 10 announcement. A central platform for African tech companies and government entities The proposed blockchain and […]
United Nations: Kenya leads Africa in cryptocurrency ownership
The African continent has the potential to become one of the leading cryptocurrency markets in the world. Kenya has the largest share of its population with cryptocurrencies in Africa, according to a report by United Nations Conference on Trade and Development (UNCTAD). The report says that 8.5 percent of the population, or 4.25 million people […]
Burgeoning crypto start-up, Xend finance launch in Ghana, Kenya
KenGen seeks Bitcoin miners as crypto adoption in Kenya blossoms
KenGen, Kenya’s state-owned power company, has put out a call to Bitcoin miners. The utility company has now issued an open invitation to Bitcoin miners to come set up operations in Kenya and help it meet its growing power needs. Kengen is offering competitive rates for power consumption and inviting applications from local miners to […]
Kenya set to take cryptocurrencies to the next level
TL;DR Breakdown According to Luno general manager, Marius Reitz Kenya is extending their wings on crypto adoption. African countries are adopting crypto at a stunning rate. Cryptocurrency adoption in Africa grew by more than 1000% from mid-2020 to June 2021. Marius Reitz, Luno’s general manager for Africa, believes that Kenya will boom in the cryptocurrency […]
Kenya set to begin developing own CBDC
TLDR Breakdown Kenya begins developing its own CBDC. Asks citizens opinion on proceeding with a CBDC. Nigeria, Ghana, Zimbabwe are African countries that have developed their own CBDC. Kenya has become the latest country to begin taking official steps towards creating and launching its Central Bank Digital Currency (CBDC). This comes after the country’s Central […]
Crypto adoption surge: Why Africa saw improved P2P transactions
TL;DR Breakdown Kenya, Nigeria lead crypto adoption in Africa. Both African country lead globally in P2P transactions. Over the past months, there has been a sharp surge in crypto adoption in the African continent. Chainalysis recent report provides evidence to this claim, especially as it fingers West African Nigeria and East African Kenya as two […]
Akon Akoin set for nationwide rollout in Kenya
TL;DR Breakdown Akoin set for nationwide rollout in Kenya Akoin targets becoming the second largest payment platform in Kenya after M-Pesa Popstar Akon Akoin crypto project is set for nationwide rollout in Kenya after it recorded huge success during its pilot test. The pilot test for the Akon Akoin crypto project in Kenya was held […]
Akoin takes crypto to Kenya
Akoin a crypto project by Akon, the Senegalese American musician, has launched a project in Kenya. The Kenya Akoin will launch in Western Kenya, also known as the Mwale Medical Technology City (MMTC), which is valued at $2 billion. The city is a new build that focuses on innovative art, medical and technological developments. Akoin […]
