In a strategic move to further develop the fintech sector, five major representative associations have come together to form The Fintech Alliance (TFA). The alliance aims to drive the growth and development of the fintech industry, providing a unified voice for key players in the sector. This collaboration comes at a time when the sector is experiencing rapid growth, with increased regulations and investments reshaping the landscape.
CIB Kenya has announced the appointment of Abhinav Nehra as its new Chief Executive Officer (CEO) and Managing Director. Nehra, who brings over 30 years of experience in the banking and payments sector, is poised to lead the institution into its next phase of growth. His career spans across Africa, Asia, and other emerging markets, making him a highly experienced and well-rounded leader in the financial services industry.
Starlink’s impressive growth in Kenya has been highlighted in the latest quarterly report from the Communications Authority of Kenya (CA). In less than two years since its debut, Starlink has amassed over 16,700 subscribers, a remarkable increase from just 405 in June 2023 and 4,808 in March 2024. This rapid rise places the satellite internet service firmly in competition with established ISPs, such as Liquid Telecommunications Kenya and Vijiji Connect.
Kenya is experiencing a transformative revolution in healthcare through the adoption of artificial intelligence (AI) in medical imaging. With a stark shortage of radiologists—only about 200 serving a population of over 55 million—the healthcare sector faces significant diagnostic challenges. AI-powered tools are stepping in to bridge this gap, providing faster and more accurate diagnostics, especially in underserved rural areas where medical resources are limited.
William Kabogo has officially assumed the role of Cabinet Secretary for the Ministry of Information, Communications, and the Digital Economy, marking a significant leadership transition for a critical government docket. His swearing-in ceremony, led by President William Ruto at State House, Nairobi, follows approval by the National Assembly. Kabogo steps into this role as the ministry grapples with challenges, having had three Cabinet Secretaries in less than two years.
Safaricom’s M-Pesa is poised to transform Kenya’s digital payments landscape as it prepares to integrate with the Pesalink network. In a joint proposal with the Kenya Bankers Association (KBA) submitted to the Central Bank of Kenya (CBK), Safaricom aims to connect Kenya’s leading mobile money platform to the national interbank payment system. This move promises to create a more unified and seamless payments ecosystem for millions of Kenyans.
