WadzPay’s Dubai entity receives Virtual Asset Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority

Issuance of licence is subject to meeting pre-operating requirements and qualifications for operational approval

WadzPay’s Dubai Entity Receives VASP Licence from VARA

WadzPay’s Dubai Entity Granted VASP Licence. Poised to Revolutionize Virtual Asset Transactions in Middle East.

DUBAI, United Arab Emirates, Feb. 28, 2024 (GLOBE NEWSWIRE) — WPME Technology, the Dubai-based entity of WadzPay, a leading fintech company specialising in blockchain based technology for virtual assets announced that it has been granted a Virtual Assets Service Provider (VASP) Licence for Virtual Asset Broker-Dealer service activities by Dubai’s Virtual Assets Regulatory Authority (VARA). The licence remains non-operational until the company fully satisfies all remaining conditions and select localisation requirements defined by VARA, following which it will be able to commence operations, subject to regulatory reverification and approval.

As one of the pioneers in blockchain based virtual assets technology, WadzPay is excited to deliver its innovative and industry-leading solutions to customers across Middle East while working closely with regulators in contributing to build a compliant and robust fintech ecosystem.

Mr. Anish Jain, Founder & CEO, WadzPay stated, “This licence showcases WadzPay’s dedication in promoting innovation in the field of virtual assets domain and blockchain technology bringing us a step closer to delivering world class solutions to businesses in Middle East.”

WadzPay aims to revolutionize the way people in the Middle East transact and manage virtual assets. WadzPay’s commitment to compliance ensures that financial institutions and their customers can confidently embrace the benefits of blockchain technology while adhering to regulatory standards, ultimately contributing to the growth and sustainability of the fintech ecosystem in the Middle East.

Mr. Ram Chari, Board Member and Group Director, WadzPay quoted, “This will further solidify WadzPay’s position as a trusted and reliable blockchain technology based financial service provider in the region. With the broker-dealer services, WadzPay will provide the technology to its clients to enhance the experience of their customers by enabling virtual assets transactions in a seamless and secure manner.”

To which Mr. Khaled Moharem, President – MENA & Europe at WadzPay, emphasized, “This cements our hard work and sets the stage for transformative blockchain solutions, promoting compliance and customer confidence in the Virtual Assets Industry.”

About WadzPay:

WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset landscape. It is a leading global blockchain-based technology provider for virtual assets. The company’s innovative platform available as a SaaS offering provides secure, efficient, and transparent technology solutions, catering to businesses (B2B) and consumers (B2B2C). WadzPay works with large international companies, banks, and fintechs to enable virtual asset-based transaction processing, custody, and settlement. It operates across geographies spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas.

For more information, visit www.wadzpay.com

About VARA:

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

For more information visit: www.vara.ae

For any media enquiries please contact:

Arijit Das

PR and Communications Manager

arijit.das@wadzpay.com

+91 9654930523

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/58f14eb8-1029-4e43-988c-02833036e716

GlobeNewswire Distribution ID 9053953

Busia County Officials Urge Collection of Over 4,000 Unclaimed National IDs


BUSIA, Kenya — Busia County is facing a significant backlog of unclaimed National Identity Cards (IDs), with officials urging residents to collect their documents to facilitate access to national services on the E-citizen platform. The county has over 4,000 IDs lying uncollected, a situation that is hindering residents from fully exercising their rights and participating in Kenya’s burgeoning digital economy.



According to Kenya News Agency, despite concerted efforts by National Government Administration Officers to ensure timely distribution of IDs to applicants, a large number of these crucial documents remain unclaimed. “As a government, we are going an extra mile to ensure no Kenyan misses government services as a result of a delayed ID. It’s disheartening to see IDs yet to be collected,” Chaunga stated during a press briefing.



The issue of unclaimed IDs is not unique to Busia County. Official data from the National Registration Bureau indicates that Kakamega County holds the highest number of uncollected IDs in the Western region, with 7,965 documents awaiting collection. Bungoma and Vihiga counties follow, with 7,145 and 2,388 unclaimed IDs, respectively, bringing the total in the Western region to 21,506.



The county commissioner has called on residents to visit their respective National Registration Bureau offices at the sub-county level or Huduma Centres across Busia, Bungoma, Kakamega, and Vihiga to collect their IDs. This plea comes in the wake of public frustration over the prolonged waits for ID documents, as expressed by some residents to the Kenya News Agency.



In November 2023, the Interior Ministry attempted to introduce fees for ID applications and replacements, sparking public outcry. The proposed fees were later revised following a court intervention, which halted the charges pending the outcome of a legal petition against them.



The delay in ID production has been attributed to various logistical challenges, including breakdowns of printing machinery, shortages of printing materials, and the thorough background checks required, especially in border counties. In Kenya, possessing an ID is essential for accessing a wide range of services, including those provided by the Directorate of Criminal Investigations, Kenya Revenue Authority, and the Higher Education Loans Board, among others.

Kitui County Allocates Sh 3.8 Billion to Health Sector for Fiscal Year 2024-2025Uasin Gishu County Strikes Sh 302 Million Deal to Enhance Avocado Exports

KITUI – The government of Kitui County has earmarked Sh 3.8 billion for its health sector out of a total budget estimate of Sh 12.643 billion for the fiscal year 2024-2025. The allocation is aimed at enhancing healthcare services throughout the county. This significant investment in health is part of the county’s broader strategy to improve service delivery and promote sustainable development across various sectors.

According to Kenya News Agency, the budget will be financed through an equitable share of Sh 11.188 billion from the National Treasury, Sh 855 million from grants, and Sh 600 million from the county’s own source revenue. In addition to health, the budget outlines allocations for other critical sectors: the County Governor’s office will receive Sh 2.1 billion, while the Roads and Education sectors have been allocated Sh 1 billion and Sh 930 million, respectively. The County Assembly is set to receive Sh 1.1 billion, and the Agriculture sector will get Sh 789 million, among other allocations.

During a public participation forum on the County fiscal strategy paper for 2024/2025 held in Kitui Town, Deputy Governor Augustine Kanani emphasized the forum’s role in enhancing service delivery, prioritizing key investments, and fostering inclusive growth under the development theme ‘The Bottom-Up Economic Transformation Agenda for Inclusive Growth.’ The strategy paper outlines the county government’s policy programs for the medium-term period of 2024/2025 to 2026/2027, establishing direct linkages between policies, plans, and budgets.

The budget estimates report further details the allocation for the Office of the Governor at Sh 2,179,203,223, which will support education through the pro-poor support program, infrastructure development, and renovation, among other initiatives. The Office of the Deputy Governor has been allocated Sh 185,071,878 to enhance the management of emergencies, decision-making, ICT infrastructure, and the completion and operationalization of tourist attractions such as Mutomo Reptile Park, Nzambani Park, Ikoo Valley, Kalundu Eco Park, and game reserves.

Additionally, the water sector has been allocated Sh 572,658,659 to improve water supply for both domestic and commercial use across Kitui County. This includes drilling and equipping boreholes, constructing mega and small earth dams, extending water pipes, and promoting irrigation schemes.

UASIN GISHU – The Uasin Gishu county government, in a collaborative move with the British High Commission, has secured a Sh 302 million investment aimed at bolstering avocado exportation alongside passion fruit and edible oil production. This investment, facilitated through the Sustainable Urban Economic Development (SUED) program, paves the way for the establishment of a new packing house, promising significant economic growth and investment attraction in the region.



According to Kenya News Agency, the investment agreement was finalized during a meeting with Dr. Dominic Biwott, the North Rift Advisor Program of the British High Commissioner, and representatives from Price Waterhouse Coopers (PWC). Dr. Bii expressed enthusiasm about the initiative, highlighting it as a major advancement for avocado farmers within the county. He assured that his administration would support the farmers by providing necessary seedlings to foster the initiative’s success.



The governor revealed that Fresh Product, the company selected to spearhead the operation, is expected to commence its activities in Eldoret within the next six months. This development follows a thorough market sourcing exercise conducted by PWC, aimed at identifying the most suitable investor for the project.



In addition to the packing house for avocados and passion fruits, Dr. Bii mentioned ongoing efforts to attract investors for a Maize Milling project and a Potato Cold Store, further diversifying the county’s agricultural investment portfolio. He expressed gratitude towards the British High Commission, the Sustainable Urban Economic Development Program, and PWC for their support and collaboration in bringing this investment to fruition.

Busia County Urges Collection of Over 4,000 Unclaimed National IDs


BUSIA – In a push to enhance access to national services through the E-citizen platform, Busia County officials are calling on residents who have applied for National Identity Cards to collect their unclaimed documents from the registrar of persons. The initiative seeks to mitigate the challenges faced by over 4,000 residents unable to exercise their rights or fully participate in Kenya’s digital future due to unclaimed IDs.



According to Kenya News Agency, despite concerted efforts by National Government Administration Officers to ensure timely delivery of IDs to applicants, a significant number remain uncollected. Speaking with the press, Chaunga expressed concern over the delays, emphasizing the government’s commitment to ensuring no Kenyan is deprived of government services due to unclaimed identification documents. This statement comes amidst reports of frustrations among some residents over the prolonged wait to receive their ID documents.



Recent data from the National Registration Bureau indicates that within the Western region of Kenya, Kakamega County holds the highest number of uncollected national identity cards, totaling 7,965, followed by Bungoma with 7,145, and Busia ranking third with 4,008 unclaimed IDs. Vihiga County has 2,388 uncollected IDs, bringing the total in Western to 21,506.



The county commissioner has urged residents to visit their local National Registration Bureau offices or Huduma Centres in Busia, Bungoma, Kakamega, and Vihiga to collect their IDs. This call to action follows a controversial proposal in November 2023 by the Interior Ministry to introduce fees for applying and replacing National IDs — Ksh1,000 for new applications and Ksh2,000 for replacements. However, following public outcry, the ministry revised the fees to Ksh1,000 for replacements and Ksh300 for new applications, a decision which was subsequently suspended by the court pending a legal review.



Delays in ID production have been attributed to various logistical challenges, including breakdowns in printing machinery, shortages of printing materials, and extensive background checks, especially in border counties. In Kenya, possessing a National ID is crucial for accessing a wide array of E-citizen services, including those provided by the Directorate of Criminal Investigations, Kenya Revenue Authority, Kenya Transport and Safety Authority, Immigration services, business registration, marriage registration, and the Higher Education Loans Board.

Kenya’s Ministry of Health Launches Nationwide HPV Vaccination Campaign


BUNGOMA — In a significant public health initiative, the Ministry of Health announced plans to launch a nationwide Human Papillomavirus (HPV) vaccination program across all 47 counties, targeting the reduction of cervical cancer cases in Kenya.



According to Kenya News Agency, Chief Executive Officer of the National Cancer Institute, the government will cover the costs of the vaccine, addressing and dispelling myths surrounding its use and affirming its safety.



Dr. Melly revealed that annually, 44,000 Kenyans are diagnosed with cancer, with women constituting the majority of these cases through cervical cancer diagnoses. During a session with Community Health Promoters (CHP) in Bungoma, he emphasized the World Health Organization’s recommendation for the vaccine to be administered to girls aged 15 years. Additionally, women aged 35 to 45 will undergo screening, with those testing positive for HPV receiving necessary treatment.



Highlighting the preventable nature of cervical cancer through early detection, screening, and treatment, Dr. Melly urged women to participate actively in the vaccination effort. He noted the dire statistics that annually, 3,600 Kenyan women are diagnosed with cervical cancer, with 67% succumbing to the disease. This mortality rate, he argued, could be significantly reduced through increased awareness, screening, and vaccination.



Furthermore, the Ministry of Health intends to train Community Health Promoters on cancer education, equipping them to disseminate vital information at the community level. This move aims to enhance grassroots awareness and participation in the fight against cervical cancer, leveraging the vaccination campaign as a key preventive measure. HPV, identified as a sexually transmitted infection, represents a critical target in the country’s broader public health strategy to combat cervical cancer.