PawaPay landed a payment service provider licence from Mozambique’s central bank, clearing the way to sign up local businesses and process payments under direct regulatory oversight.
Kenya’s central bank has left its main lending rate unchanged at 8.75 percent, holding off on more hikes even as inflation pushes higher and household budgets feel the strain.
Kenya’s Central Bank has kept its key rate unchanged at 8.75 percent, resisting calls for cheaper credit as inflation edges close to the government’s upper target.
Kenya’s private sector is feeling the sharpest jump in costs in nearly three years. Inflation and supply snags are putting the country’s economic recovery at risk.
Emerging-market assets are falling. Investors are reacting to higher oil prices and mixed signals from central banks. Inflation and debt risks are back in focus.
Kenya’s central bank left its main interest rate unchanged for the fourth meeting in a row, even as inflation climbed to its highest level since early 2024.
Finserve Africa is testing Emma, a new mobile wallet app in Kenya. Details on fees and features remain scarce for now.
