Nairobi’s crypto landscape in 2024 reflects a complex interplay of innovation and caution. Worldcoin's arrival stirred both excitement and concern, leading to its suspension over privacy issues. Nevertheless, the Kenyan crypto industry has grown, bolstered by local startups and global exchanges. The government is drafting regulations to guide this burgeoning sector, promising a transformative financial ecosystem.
Established in 1967, Mashreq Bank has been named the best digital bank in the Middle East. It has achieved remarkable success in its digital transformation initiatives, leading to a significant reduction in costs and turnaround times. The bank's standout achievement is the revamped mobile banking app, Neo, which offers enhanced digital services.