Business & Economy3 stories from 1 sources
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.
Kenya's new Virtual Assets Service Providers (VASP) Act, 2025, is boosting crypto interest among retail investors, but experts are cautioning against market volatility and emotional trading as regulatory frameworks are still being established. The law aims to regulate crypto activities under the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK).
Summary & Analysis
The African Development Bank Group (AfDB) has finalized a $150 million (Sh19.3 billion) financing agreement with KCB Bank Kenya. This package aims to significantly boost KCB's green lending initiatives and reinforce its trade finance operations, addressing the growing capital demands in climate-aligned sectors.
Summary & Analysis
The Kenya Revenue Authority (KRA) is enhancing collaboration with the private sector to streamline tax processes and foster a predictable business environment. This initiative aims to improve efficiency and support business growth through continuous engagement and automation.
Summary & Analysis
