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HomeDaily NewsThursday, June 19, 2025Legislative and Economic Developments in Kenya
Technology & Innovation3 stories from 2 sources

Legislative and Economic Developments in Kenya

Kenya's VASP Bill recognized as progressive; women entrepreneurs face funding challenges; vehicle financing deal launched.

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News Coverage

Thursday 1:20 PMTech Arena

Kenya’s VASP Bill Hailed as Most Progressive in Africa in New Yellow Card Report

Kenya’s VASP Bill Hailed as Most Progressive in Africa in New Yellow Card Report

The Yellow Card report highlights Kenya’s Virtual Asset Service Provider (VASP) Bill as the most progressive digital asset legislation in Africa.

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Key Highlights

The Yellow Card report highlights Kenya’s Virtual Asset Service Provider (VASP) Bill as the most progressive digital asset legislation in Africa.

  • 54 million digital asset users exist across Africa, with Nigeria leading in stablecoin adoption.
  • Edline Murungi praised Kenya’s dual-regulator model, which distinguishes stablecoins from speculative assets.
  • The VASP Bill includes fit-and-proper tests, capital requirements, and consumer protections aimed at promoting a secure digital asset environment.
Thursday 11:42 AMTechish KenyaFirst

Kenya’s Women Entrepreneurs Chart Bold Growth Agenda Despite 7% Funding Access

Kenya’s Women Entrepreneurs Chart Bold Growth Agenda Despite 7% Funding Access

Women entrepreneurs in Kenya are pushing for economic growth despite only having 7% access to formal funding, as revealed in a recent forum in Nairobi.

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Key Highlights

Women entrepreneurs in Kenya are pushing for economic growth despite only having 7% access to formal funding, as revealed in a recent forum in Nairobi.

  • Only 7% of women-owned micro, small and medium enterprises have formal access to finance.
  • Susan Situma, director of Programs at Africa Enterprise Challenge Fund, emphasized the importance of understanding business environments for funding.
  • The forum highlighted the need for strategic networking and digital innovation, with Sheena Raikundalia advocating for solving real problems to attract investment.
Thursday 12:12 PMTechish Kenya

CFAO Mobility Kenya and Almasi Financial Services Launch Sharia-Compliant Vehicle Financing Deal

CFAO Mobility Kenya and Almasi Financial Services Launch Sharia-Compliant Vehicle Financing Deal

CFAO Mobility Kenya and Almasi Financial Services Limited have launched a partnership that provides customers with 90% Sharia-compliant financing for commercial vehicles, payable over 60 months.

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Key Highlights

CFAO Mobility Kenya and Almasi Financial Services Limited have launched a partnership that provides customers with 90% Sharia-compliant financing for commercial vehicles, payable over 60 months.

  • Financing covers a range of vehicle models, including Mercedes-Benz Trucks & Buses, Hino, and Sinotruk.
  • Joshua Anya, Deputy Managing Director of CFAO Mobility Kenya, emphasized the initiative's role in promoting entrepreneurial access to vehicles.
  • The partnership aims to address challenges in Kenya's commercial vehicle market and promotes financial inclusion for transport entrepreneurs.
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