Kenya has taken a bold step into the world of digital finance with the announcement of a new cryptocurrency, Kenya Token, set to launch on the Solana blockchain.
The news was officially revealed by former Prime Minister Raila Odinga in a statement shared on his verified X account on September 18, 2025.
According to Odinga, Kenya Token is designed as a digital asset aimed at improving the country’s financial system and supporting economic growth.
He emphasized that the initiative positions Kenya at the forefront of Africa’s crypto revolution, signaling a shift towards embracing blockchain-driven innovation in governance and commerce.
“Kenya is stepping up to lead Africa into the crypto revolution, embracing digital finance and shaping a more crypto-friendly future,” Odinga said during the announcement.
Why It Matters
Kenya has long been a leader in financial technology adoption, most notably through mobile money services like M-Pesa, which transformed how millions access banking and payments.
The introduction of Kenya Token builds on this legacy, potentially giving citizens and businesses a new tool for secure, fast, and transparent transactions.
If successfully rolled out, Kenya Token could:
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Promote financial inclusion by offering an alternative to traditional banking.
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Attract tech investment into Kenya’s digital economy.
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Strengthen the country’s reputation as a regional fintech hub.
Built on Solana
The choice of Solana, known for its high transaction speeds and low fees, suggests that scalability and efficiency are key priorities for the project. This could make Kenya Token practical for everyday payments as well as larger economic transactions.
Caution and Regulation
While the announcement has generated excitement, experts stress that the success of Kenya Token will depend on clear regulation, public trust, and safeguards against misuse.
The Central Bank of Kenya (CBK) has previously been cautious about cryptocurrencies, making it critical to see how Kenya Token aligns with national financial policy.
What’s Next
The official launch date has yet to be confirmed, but updates are being shared through an official Telegram channel.
As more details emerge, Kenya Token could become a landmark development not just for Kenya but for Africa’s role in the global digital economy.
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