The Capital Markets Authority (CMA) has approved two fintech firms, Moneto Ventures Limited and Pesa Bridge Limited, to operate as Intermediary Service Platform Providers (ISPPs).

• This move aims to expand digital access to regulated investment products and accelerate participation in Kenya's capital markets.
• The approved firms, Moneto Ventures Limited (operating Chumz mobile app) and Pesa Bridge Limited, will connect retail investors to collective investment schemes.
• These licenses are part of the CMA's broader strategy to deepen the market through technology, foster financial inclusion, and attract younger investors.

Binance marked Africa Month by highlighting its commitment to digital inclusion and community development across the continent, coinciding with rising cryptocurrency adoption.

• The campaign, running from April 25 to May 25, included a continent-wide trading initiative to boost participation in the digital economy.
• Key players included Binance Africa and its Regional Operations Lead, Saruni Maina, alongside policymakers, development organizations, and tech companies.
• The initiative underscores the growing trend of crypto firms positioning digital assets as tools for financial inclusion and entrepreneurship in Africa.

Mitsumi Distribution is investing $2 million (Sh 258 million) in a new artificial intelligence (AI) cloud platform to provide affordable computing infrastructure for young Kenyan developers and entrepreneurs.

• $2 million in AI cloud infrastructure investment.
• Mitsumi Distribution, led by Co-founder and Managing Director Mitesh Shah and Chairman and CEO Jagat Shah.
• The initiative aims to bridge the affordability gap for high-end computing, enabling local innovators to develop and test digital solutions, and positions Kenya as a potential regional AI hub.