LAGOS, Nigeria Last year, Kora expanded its operations into Kenya in pursuit of our mission to enable payments across, into and outside of Africa. To ensure we operate legally in Kenya, we approached the Central Bank of Kenya (CBK) for its license to operate as a payment and remittance services provider.
As part of the capital requirements from the CBK for obtaining a payment service provider and remittance operator license (PDF Pg. 720), Kora deposited the sum of $250,000 in its freshly opened bank account. In line with CBK requirements,