Business & Economy3 stories
Kenya's new Virtual Assets Service Providers (VASP) Act, 2025, is boosting crypto interest, with the law aiming to regulate activities under the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK). In another regulatory move, the Kenya Revenue Authority (KRA) is enhancing collaboration with the private sector to streamline tax processes and create a predictable business environment. On the financing front, the African Development Bank Group (AfDB) has finalized a $150 million (Sh19.3 billion) financing agreement with KCB Bank Kenya. This package is designed to significantly boost KCB's green lending initiatives and reinforce its trade finance operations, addressing capital demands in climate-aligned sectors.
