Kenya's Central Bank Posts First-Ever Crypto Oversight Roles as Licensing Rollout Nears
The Central Bank of Kenya advertised four positions dedicated to supervising crypto firms on April 28, marking the first time the regulator has built out staff specifically for virtual asset oversight ahead of what could be an imminent regulatory rollout.
The roles sit within the CBK's Digital Payment Services Division, which operates under Governor Kamau Thugge, and cover two Deputy Manager positions and one Manager role spanning VASP licensing, product approval, and oversight and compliance, as well as a Senior Business Analyst focused on regulatory guidance.
All four postings close on May 18, 2026. Candidates need backgrounds in payments, banking, financial services, or law. The senior roles additionally require familiarity with anti-money laundering and counter-terrorism financing (AML/CFT) frameworks, as well as international standards for virtual asset service providers (VASPs, the regulatory term for crypto businesses including exchanges, wallet providers, and stablecoin issuers).
The hiring comes roughly six months after Kenya's Virtual Asset Service Providers Act received presidential assent on October 15, 2025, and took effect November 4.
The law created a dual-regulator structure: the CBK will govern payment-oriented crypto products such as stablecoin services, wallet apps, and remittance rails, while the Capital Markets Authority takes responsibility for exchanges, investment advisors, and tokenization platforms. Subordinate regulations needed to operationalize the law have not yet been gazetted by the National Treasury. A public comment period on draft rules closed April 10, 2026, raising the prospect that a final framework could follow in the coming months.
For the roughly six million Kenyans actively using crypto, and for the 50-plus firms that formed the Virtual Asset Association of Kenya in December 2025, the job postings are the clearest operational signal yet that the CBK is preparing to accept license applications. Until now, the VASP Act existed as law without the institutional capacity to enforce it. Recruiting for AML oversight, application review, and product approval functions suggests the regulator expects live submissions within months.
Platforms currently serving Kenyan users in a legal gray zone, including peer-to-peer services and regional exchanges, will need compliance architecture ready at the board level, not just on a roadmap.
Kenya's scale in the regional crypto market makes the regulatory shift consequential beyond its borders. Chainalysis ranked the country 21st globally on its 2025 Global Crypto Adoption Index and recorded approximately $19 billion in crypto inflows between July 2024 and June 2025. Kenya is Africa's second-most crypto-active country by adoption index, trailing only Nigeria. Sub-Saharan Africa as a whole posted 52% year-on-year growth in crypto adoption, making it the third-fastest-growing region globally. Stablecoins, primarily USDT and USDC, dominate transaction volumes and serve remittance, inflation-hedging, and everyday payments use cases across the continent. A functioning licensing regime in Kenya could set a template that Uganda, Tanzania, and Rwanda actively reference as they shape their own frameworks.
The Finance Act 2025 also changed how Kenya taxes crypto activity. A previous 3% Digital Asset Tax on gross transaction values was replaced by a 10% excise duty applied to fees charged by VASP intermediaries. The shift aligns Kenya's approach with guidance from the IMF and the Financial Action Task Force (FATF). FATF's broader supervisory guidance consistently identifies jurisdictions with weak VASP oversight as higher-risk for financial crime; this reflects FATF's general global policy posture rather than any specific designation applied to Kenya.
Token markets were relatively stable at publication. Bitcoin traded at $77,216 (up 0.45% over 24 hours), Ethereum at $2,325 (up 1.59%), and Solana at $84.85 (up 0.70%), according to market data captured around 06:45 West Africa Time on April 29. Figures are based on a TechCabal market snapshot; readers should cross-reference CoinGecko or DefiLlama for current pricing.
Elsewhere in African tech this week: Canal+, the French media group that completed its acquisition of South Africa's MultiChoice satellite TV operator, confirmed a secondary listing on the Johannesburg Stock Exchange for June 3, 2026. The listing will make Canal+ the first French company to trade on the JSE. Canal+ already trades on the London Stock Exchange, where it listed in late 2024, and no new capital is being raised; the JSE move is a pure liquidity and investor-access play. South African investors who followed MultiChoice will recognize the significance: MultiChoice delisted from the JSE in December 2025 after approximately seven years of trading, and the Canal+ listing restores JSE exposure to the same underlying African pay-TV infrastructure. The JSE listing was a binding condition set by South African competition authorities when approving the MultiChoice acquisition. Canal+ reported first-quarter 2026 revenue of 2.1 billion euros, up 41% year-on-year, driven largely by the MultiChoice integration.
In Ethiopia, electric motorbike startup Dodai closed a $13 million Series A led by British International Investment, structured as $8 million in equity and $5 million in debt. The company plans to expand from 2,000 deployed bikes in Addis Ababa to 30,000 users and 1,000 battery-swapping stations across four additional African cities within three years. Founder Yuma Sasaki has pointed to the structural policy advantages that make Ethiopia a compelling launch market: the government banned gasoline vehicle imports in January 2024, and approximately 90% of the country's electricity comes from hydropower, making electric mobility both policy-aligned and cost-effective. Dodai's bikes are priced at roughly 150,000 Ethiopian birr (approximately $1,170), and riders can expect fuel and maintenance savings of 80 to 90% compared with petrol equivalents.
Also in the region, a planned merger between South African state entities Sentech and Broadband Infraco has been pushed back, with completion now projected for 2028 or 2029.
The CBK's May 18 closing date for job applications is the next near-term milestone. After that, the National Treasury's gazettement of final VASP regulations will determine how quickly the newly staffed division can begin accepting and processing license applications from the industry.