Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) have signed an investment agreement to implement blockchain solutions for Islamic banks
Banking & Finance
Bitcoin can bring financial inclusion to the unbanked in Kenya
Cryptocurrency, especially Bitcoin, can provide financial inclusion to the underbanked and unbanked, giving a Mwananchi (local Kenyan) the opportunity to increase their wealth, Paxful said in a statement
WeChat to boost Kenya-China trade
Kenya-based bank Family Bank Limited has teamed up with London-based financial technology firm SimbaPay to launch an instant money transfer service from Kenya to China through WeChat, a service that will boost trade between Kenya and China
EIB pledges US$78mn to four companies in Kenya and East Africa
The European Investment Bank (EIB) has announced that it will support four new projects in Kenya and the wider East-African region with loans worth US$78mn
European Investment Bank supports Afreximbank with US$227mn loan
The European Investment Bank (EIB) has signed a new 15 year US$227mn loan agreement with the African Export-Import Bank (Afreximbank)