Kenya is enhancing crypto regulations under the new Digital Asset Law, posing new risks for banks. Britam Holdings has cleared its accumulated losses, resuming dividends after a six-year hiatus, while Equity Bank pledges over 12.5 billion shillings for climate-smart farming across East Africa.
A Joint Task Team, including Burundi, UNHCR, and IOM, has been formed to address the needs of Burundian nationals following a crackdown. The Directorate of Criminal Investigations (DCI) arrested a 32-year-old man for alleged incitement against Burundian nationals, and a Bunge La Mwananchi member faces similar charges. Burundian nationals continue to flock to their Nairobi embassy for travel documents, with some seeking refuge in a Mombasa church after allegedly facing threats of eviction.
President Ruto has granted foreign traders a 90-day window to regularize their legal status and ordered the Controller of Budget and the Auditor-General to speed up the verification of pending county bills, stating that devolution requires adequate funding. This episode features AI-powered summaries of the day's top Kenyan news stories.