Kenya’s 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.
Next Wave: What’s 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.
