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.
