Sendwave and Wise Cut Kenya Cash Transfer Services

(NAIROBI, KENYA) – Global cross-border payment platforms are cutting off cash transfer services to Kenya amid increased anti-money laundering scrutiny, with US firm Sendwave and UK-based Wise becoming the latest to restrict Kenyan users. Sendwave stopped wallet services in Kenya from August, citing technical difficulties. Wise has restricted some KenyanContinue Reading

Kenya Hosts AfCFTA Digital Trade Gathering

(Nairobi, Kenya) – Kenya is stepping up efforts to position itself as Africa’s leading digital trade hub as the continent accelerates implementation of the African Continental Free Trade Area Digital Trade Protocol. More than 200 policymakers, business leaders, investors, technology innovators and development partners are expected to attend the DigitalContinue Reading

Russia E-Commerce Leader Faces Long Decline

(MOSCOW, RUSSIA) – Direct losses at Wildberries could exceed 100 billion roubles after a campaign against its warehouses destroyed at least 14 logistics hubs. The figure could reach 200 billion roubles under a pessimistic scenario, according to Ukraine’s Foreign Intelligence Service. The losses have broken the business model of Russia’sContinue Reading