Fraud Landscape: Motor Insurance in the Spotlight Kenya’s insurance sector has once again found itself grappling with persistent fraud, with motor vehicle insurance emerging as the leading category of abuse. A report by the Insurance Regulatory Authority (IRA) shows that in the first half of 2025, the Insurance Fraud Investigation Unit (IFIU) received 85 reports […]
South Korea has emerged as a critical battleground in the global fight against cryptocurrency-enabled financial crime, with the country’s Financial Intelligence Unit (FIU) reporting a staggering 36,684 suspicious transaction reports between January and August 2025. This unprecedented figure not only surpasses the combined totals of the previous two years but also signals a troubling acceleration […]
Solana (SOL) stumbled sharply in recent hours, shedding more than 8% in value as market sentiment turned sour and capital chased higher-risk / higher-reward bets in emerging payment finance (PayFi) projects. The abrupt drop has reignited questions about support levels, network fundamentals, and whether something like Remittix (RTX) might emerge as the next breakout altcoin. […]
On September 18, Binance founder Changpeng Zhao (CZ) issued a stark warning to the crypto industry: North Korean hackers are deploying more advanced, stealthy strategies to infiltrate firms—especially through the hiring pipeline. The threats are no longer limited to phishing or direct network attacks, but increasingly target human processes, turning recruitment into a vector of […]
On Monday, the crypto market experienced one of its most violent corrections in months. Over $1.5 billion in leveraged long positions were forcibly closed, triggering a cascade of margin calls and widespread panic selling across major and minor tokens alike. (CoinDesk) According to data from Coinglass, more than 407,000 traders saw their positions liquidated in […]
The Capital Markets Authority (CMA) has embarked on an ambitious expansion of Kenya’s financial sector, licensing four new players in a move designed to deepen the country’s capital markets and enhance investment opportunities for both institutional and retail investors. The comprehensive licensing spree represents one of the most significant regulatory developments in Kenya’s financial sector […]
European law enforcement agencies have successfully dismantled a major cryptocurrency fraud network that defrauded over 100 victims across Germany, France, Italy, and Spain of at least €100 million ($118 million). The coordinated operation, spearheaded by Eurojust and supported by Europol, represents one of the most significant cryptocurrency fraud takedowns in European history. The sophisticated scheme, […]
What’s Being Rolled Out The Kenyan government, through the Social Health Authority (SHA), is introducing the National Emergency Ambulance Dispatch Service. The aim is to strengthen emergency medical response across the country by centralizing dispatch, standardizing ambulance charges, and using digital tools. Health Cabinet Secretary Aden Duale announced the plan during a visit to Vihiga […]
Financial Highlights: Growth on Top Line, Pressure on Bottom Line Britam Holdings posted a profit before tax (PBT) of KSh 2.5 billion for the six months ended June 30, 2025, a decline from KSh 2.8 billion in the same period of 2024. The company attributed the dip mainly to higher claims payouts and the impact […]
What Kenya Is Proposing Kenya is preparing to issue its first sovereign Sustainability-Linked Bond (SLB) worth US$500 million (≈ KSh 65 billion) in March 2026. The bond will be structured around two Key Performance Indicators (KPIs): forestation and rural electrification, reflecting Kenya’s ambition to combine climate action with development priorities. The framework for this SLB […]
The Kenya Revenue Authority has announced an 8 percent market interest rate for fringe benefits and low-interest employee loans for...
Turkey's Central Bank of the Republic of Türkiye delivered a more cautious than expected 100 basis point reduction in its...
The European Union has positioned Nigeria and other African countries as major beneficiaries of its 2026 humanitarian response, allocating €557...
In a significant boost to Kenya's climate finance infrastructure, the World Bank has committed approximately Sh5.5 billion ($43 million) to...
