Ali Hussein Kassim – VP, Eastern Africa – Africa Fintech Network | Chairman, Association of Fintechs in Kenya, will be speaking at the Virtual Town Hall
Meet Ali Hussein Kassim – VP, Eastern Africa – Africa Fintech Network | Chairman, Association of Fintechs in Kenya
East Africa is a fintech leader — but is regulation moving fast enough?
Ali will explore:
📌 The licensing environment across East African countries
📌 How regional or vertical passporting could help fintechs scale more efficiently
Join Ali and others as we envision the next phase of Africa’s digital finance growth.
🗓️ 1 August 2025 | 🕐 1PM GMT | 📍 Virtual (Zoom)
🎟️ Register Now: https://lnkd.in/dTd6zVAa
iCapital raises USD 820 million in its recent funding round
iCapital has raised over USD 820 million in its latest funding round, bringing the company’s value to USD 7.5 billion.
Co-led and funded by accounts advised by T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., and SurgoCap Partners, the round highlights the investors’ vision to transform the investing experience, enabling the company to deliver better value to its clients and enabling them to accelerate their operations.
Read more: https://thepaypers.com/fintech/news/icapital-raises-usd-820-million-in-its-recent-funding-round
Africa’s digital dependency crisis: How USAID cuts exposed the fragility of Africa’s digital infrastructure
Following funding cuts to USAID by President Donald Trump and Elon Musk’s Department of Government Efficiency, Kenya can no longer access its health data systems – a stark realisation of the digital dependency crisis experts have warned about for years. When critical national infrastructure is hosted on foreign servers, this vulnerability is inevitable.
The Kenya Health Information System (KHIS2), Kenya Master Health Facility List (KMFL), KenyaEMR, and other platforms central to disease surveillance, vaccine tracking, and patient records became inaccessible not due to technical failure, but due to foreign policy decisions made thousands of miles away in Washington, D.C.
REGULATION | Kenya Government Reportedly Seeks to Implement ‘The Travel Rule’ by Identifying Crypto Owners in New VASP Bill
The National Treasury has reportedly proposed a new law that will compel crypto exchanges and firms facilitating digital asset transactions in Kenya to disclose the identities of their customers.
This requirement is contained in the Capital Markets (Amendment) Bill, 2024, which seeks to bring cryptocurrency trading under regulatory oversight. If passed, virtual asset service providers (VASPs) will be required to collect and share customer data, including:
- Names
- Physical addresses
- Contact information, and
- Transaction history.
According to the proposed bill, all individuals and firms dealing in crypto assets must maintain records and furnish them to the Capital Markets Authority (CMA) for inspection.
Read more: https://bitcoinke.io/2025/07/kenya-govt-seeks-crypto-owners-id/
Why EMEA Banks Must Update Their Payment Systems
The banking industry across Europe, the Middle East and Africa (EMEA) is undergoing a crucial transformation as it adapts to the technological advancements that have defined the modern financial environment.
Emerging fintech sectors, notably start-ups and neobanks, have captured public attention with their cutting-edge applications and seamless payment methods.
Meanwhile, traditional banking institutions are engaged in substantial modernisation efforts to stay competitive in this evolving landscape.
Read more: https://procurementmag.com/news/why-99-of-emea-banks-need-to-modernise-payment-systems
Barclays Slapped With $56 Million Fine for Anti-Money Laundering Failures
The United Kingdom’s Financial Conduct Authority fined Barclays 42 million pounds (about $56 million) for financial crime control lapses.
