The Central Bank of Kenya has announced an ambitious plan to switch to Bitcoin as a blanket move to solve thousands of problems facing the country. Noting that systemic fiscal and monetary challenges had made it hard for Kenya to develop, Central Bank Governor Patrick Njoroge said that using Bitcoin would help cushion Kenya from
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The Central Bank of Kenya is now warning traders that exposure is not a legal tender and may not be accepted universally as a form of payment. This comes after the number of young people who have been insisting that they can pay in form of exposure at the supermarkets and shops increased gradually. This
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The Export–Import Bank of China has opened a Fuliza credit facility for the Kenyan government in a move that is meant to help the government of Kenya deal with short term cash crunch. Speaking during the launch of the service, the China Exim Bank spokesman said that this move will help cement the position of
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