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Ruto's Government Gives Foreign Traders 90 Days to Fix Their Legal Status
President William Ruto's administration has granted foreign traders a 90-day window to regularize their legal status in Kenya, marking a significant policy shift. In a related development, a group of Burundian nationals has found refuge at a church in Likoni, Mombasa, after allegedly facing threats of eviction from locals. At the same time, scores of Burundian nationals continue camping outside their embassy in Nairobi for the second consecutive day, seeking travel documents to return home. The number of Burundian citizens flocking to their embassy in Nairobi continues to rise, with many spending the night as they await travel documents.
Kenya Tightens Crypto Rules as Banks Face New Risks Under Digital Asset Law
Kenya is implementing stricter regulations for cryptocurrencies, introducing new risks for banks under the recently enacted Digital Asset Law. This move aims to bring greater oversight to the rapidly evolving digital asset landscape. In a separate financial development, Britam Holdings has successfully cleared its accumulated losses, marking a significant financial milestone that will allow for the resumption of dividend payments after a six-year hiatus. Additionally, Equity Bank Group is launching a significant climate finance initiative, pledging over 12.5 billion shillings to support farmers and rural businesses across East Africa.
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Day 2: Scores of Burundian nationals camp outside their embassy in Nairobi seeking travel documents
Likoni: Burundian nationals seek refuge at a church after locals allegedly threatened to evict
Ruto urges EALA MP Shahbal not to join Mombasa governor race, citing his success as an entrepreneur
