The East African Community is a regional intergovernmental organization comprising six countries in East Africa, aimed at fostering economic integration.
Fintechs expanding between Kenya and Rwanda may soon need one licence
Kenya and Rwanda signed a memorandum of understanding to develop a licence passporting framework for payment service providers. The framework will allow fintechs licensed in one country to operate in the other without seeking new regulatory approval.
Kenya to End 9-Year Ban on New Commercial Bank Licenses in July 2025
The Central Bank of Kenya announced the lifting of a nine-year moratorium on new commercial bank licenses, effective July 1, 2025. The moratorium was initially imposed to address systemic issues in the banking sector, including governance and operational inefficiencies.
