Kenya and Rwanda Sign Kigali Declaration to Enable Fintech License Passporting
Kenya and Rwanda have signed the Kigali Declaration on fintech license passporting, allowing licensed payment providers to expand across both markets with fewer regulatory barriers...
✨ Key Highlights
Kenya and Rwanda have signed the Kigali Declaration, establishing a new framework for fintech license passporting to simplify cross-border operations for fintech companies and payment service providers.
- The agreement allows fintech firms licensed in one country to operate in the other without a full re-licensing process.
- Key signatories include Governor Soraya Hakuziyaremye of the National Bank of Rwanda and Deputy Governor Gerald Nyaoma of the Central Bank of Kenya, with the signing on March 11.
- This initiative aims to reduce regulatory barriers, strengthen cross-border digital payments, and foster financial integration in East Africa.
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Kenya and Rwanda Sign Kigali Declaration to Enable Fintech License Passporting - March 2026
Kenya and Rwanda have signed the Kigali Declaration, establishing a new framework for fintech license passporting to simplify cross-border operations for fintech companies and payment service providers. The Konza Technopolis Development Authority has separately launched its own smart power distribution network within Konza Technopolis, enabling the technopolis to internally manage electricity distribution and significantly improve reliability for business, research, and residential occupants. Meanwhile, Datacentrix has significantly bolstered its security and service delivery capabilities by achieving new ISO certifications and recertifying existing international standards.
