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Retail FX

Exclusive: IC Markets Obtains Regulatory License in Kenya

  • Under the license, the broker can operate as a non-dealing online foreign exchange broker.
  • Several other brokers have obtained Kenya's license for their expansion in Africa.
Wednesday, 08/05/2024 | 09:42 GMT by Arnab Shome
Payments

Mastercard and Equity Bank Collaborate for Cross-Border Transactions

  • The recipients benefit from full value assurance with no landing fees in this collaboration.
  • Sub-Saharan Africa received $53 billion in remittances in 2022, vital for its economy.
Thursday, 11/04/2024 | 13:22 GMT by Tareq Sikder
FinTech

Revolut Launches Mobile Wallets in Singapore for Direct Transfers

  • Mobile Wallets streamline transfers without traditional bank details like IBANs or SWIFT codes.
  • Standard users will incur a 0.4% fee for remittances to Kenya and Bangladesh.
Wednesday, 28/02/2024 | 11:37 GMT by Tareq Sikder
FinTech

MasterCard and KCB Bank Forge Alliance to Enhance Payment Systems across East Africa

  • The collaboration aims to enhance cardholder experiences across Kenya, Rwanda, Burundi, South Sudan, Tanzania, and Uganda.
  • It facilitates e-commerce payments, cross-border remittances, QR, and Tap on phone solutions.
Monday, 26/02/2024 | 11:39 GMT by Tareq Sikder
Retail FX

African Expansion Continues: FP Markets Acquires Kenya License

  • The broker acquired a South African license last year.
  • Several other brokers recently obtained Kenya licenses.
Wednesday, 06/12/2023 | 07:31 GMT by Arnab Shome
CryptoCurrency

Kenya Says Registration of Sam Altman’s Worldcoin in April Not Endorsement

  • Worldcoin is not a legal entity in the country, ministries said in a statement.
  • However, a minister said Worldcoin was acting within the law but raised security concerns.
Thursday, 03/08/2023 | 21:53 GMT by Solomon Oladipupo
Retail FX

Admirals Secures Kenyan License, Plans Takeover in Seychelles

  • Admirals obtained a South African license six months ago.
  • The firm's Cypriot and South African subsidiaries are involved in the Seychelles takeover.
Thursday, 29/12/2022 | 22:45 GMT by Solomon Oladipupo
Brokers

INGOT Brokers Expands African Presence with New Kenya License

  • It received a South African license recently.
  • Only a handful of FX/CFDs brokers are licensed in Kenya.
Thursday, 24/11/2022 | 09:02 GMT by Arnab Shome
CryptoCurrency

Kenya Debates New Crypto Tax Bill

  • Kenya's Digital Service Tax became effective in January 2021.
  • UNCTAD recently called for comprehensive financial regulation among developing countries.
Monday, 21/11/2022 | 20:46 GMT by Solomon Oladipupo
Thought Leaders

Virtual Pay International Limited Obtains License from the Central Bank of Kenya (CBK)

  • Virtual Pay's objective is to play a pivotal role in the growth of the financial sector.
Friday, 12/08/2022 | 11:40 GMT by FM
Brokers

Exclusive: Exness Expands African Footprint with New Kenya License

  • It became one of the few brokers to obtain the CMA license.
  • It came as a part of the broker’s expansion plan in sub-Saharan Africa.
Monday, 30/05/2022 | 05:29 GMT by Arnab Shome
News

Central Bank of Kenya Releases Discussion Paper on CBDCs

  • CBK highlighted the growing popularity of digital payment methods.
  • The Bank also discussed potential benefits and risks associated with CBDCs.
Saturday, 12/02/2022 | 13:42 GMT by Bilal Jafar
Brokers

EGM Securities Collaborates with Investment Bank Sterling Capital

  • The new partnership will provide global trading opportunities for Kenyans.
Wednesday, 08/09/2021 | 11:26 GMT by Bilal Jafar
Thought Leaders

SuperForex Solidifies Market Footprint in Kenya

  • SuperForex offers a wide scope of trading instruments to help its customers make different portfolios.
Friday, 20/08/2021 | 13:54 GMT by Finance Magnates Staff
Analysis

Africa – The Land of Future Opportunities?

  • Although not fully regulated, Africa is growing in size on the map of FX/CFD brokers.
Wednesday, 18/08/2021 | 09:19 GMT by Sylwester Majewski
Regulation

Kenya’s Regulator Warns on Investing through Unlicensed Entities

  • The CMA reminded people to report any financial wrongdoing to the Capital Markets Fraud Investigation Unit (CMFIU).
Thursday, 17/06/2021 | 21:47 GMT by Felipe Erazo
Brokers

Equiti Group’s Subsidiary EGM Securities to Offer NSE Derivatives

  • EGM Securities is the first Kenyan broker to offer derivative contracts on the Nairobi Securities Exchange (NSE).
Tuesday, 20/04/2021 | 08:53 GMT by Bilal Jafar
Thought Leaders

Report on State of Kenya's Online Forex Trading Industry in 2021

  • More traders are gaining trust in the forex trading industry as they can now visit brokerage offices in Kenya.
Tuesday, 16/03/2021 | 09:37 GMT by Finance Magnates Staff
Brokers

Andrey Dashin’s Exinity Brand Gets FX Broker License in Kenya

  • Exinity is the fourth Non-Dealing Online FX Broker to be licensed by the CMA under the new regulations.
Wednesday, 11/11/2020 | 18:24 GMT by Aziz Abdel-Qader
Brokers

Pepperstone Launches Forex Trading Services in Kenya

  • The Kenyan regulator only approves three brokerages.
Monday, 26/10/2020 | 09:19 GMT by Arnab Shome
Regulation

Kenyan Regulator Bans Unlicensed Brokers from Using M-Pesa

  • The move came after multiple warnings to the unlicensed entities to cease and desist operations.
Friday, 18/09/2020 | 14:44 GMT by Arnab Shome
Brokers

Exclusive: Genghis Capital Taps EGM Securities for Services Expansion

  • This mutually beneficial deal will help EGM to expand its client base.
Monday, 08/06/2020 | 09:47 GMT by Arnab Shome
Brokers

Kenya’s CMA Warns Against Using Unlicensed FX Brokers

  • EGM Securities, the first broker in Kenya, will continue to support its community.
Thursday, 09/04/2020 | 11:01 GMT by Celeste Skinner
Brokers

Exclusive: Scope Markets Officially Launches in Kenya

  • The FX and CFD broker is the second to secure a licence in Kenya.
Tuesday, 26/11/2019 | 09:14 GMT by Celeste Skinner
Regulation

Kenyan Regulator Warns Against FX Scams

  • The central bank said brokers have been targeting Kenyans via social media and mass emails
Friday, 16/08/2019 | 10:55 GMT by David Kimberley
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