Equity Group
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Tech In Africa - Oct 31, 2024
Kenyaβs central bank reports that UBA has breached capital regulations
UBA Kenya breached capital requirements set by the Central Bank of Kenya. UBA's core capital-to-deposit ratio fell from 29.46% in 2022 to 7.92% in 2023.
TechCabal - Sep 18, 2024
Next Wave: Whatβs the future of Kenyan fintechs?
M-Pesa processed 20 billion transactions in 2023, representing 60% of Kenya's GDP. Kenyan fintechs secured only 8% of total investments in the fintech sector from 2019 to 2023.
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