ODM leader Raila Odinga has recently announced plans to launch a new digital cryptocurrency aimed at transforming Kenya’s financial landscape.
Speaking on September 18, Raila described the initiative as an ambitious step towards strengthening financial systems and supporting sustainable economic growth across Kenya, Africa, and the rest of the world.
He emphasized that the digital coin, referred to as the ‘Kenya token,’ will specifically target youth empowerment by creating opportunities for young people to learn, trade, and invest in cryptocurrency.
Raila Odinga unveils digital currency initiative to modernize Kenya’s financial landscape. Photo: Courtesy.
The former prime minister positioned the initiative as a catalyst for innovation, entrepreneurship, and wealth creation within the expanding digital economy.
Raila moreover expressed confidence in Kenya’s readiness to assume a leadership role in digital finance, declaring that, “Kenya is ready to lead Africa and the world in the future of finance.”
Earlier this year, the Ministry of Information, Communications, and the Digital Economy expressed support for similar cryptocurrency ventures.
In July 2025, Cabinet Secretary William Kabogo hailed the launch of the Kenya Digital Token, saying it demonstrated strong private sector confidence in the country’s digital innovation space.
He clarified, however, that the tokens are not government-issued, but stressed that they complement national development priorities.
Kabogo further noted that such digital currency initiatives align with Kenya’s bottom-up economic transformation agenda, underscoring their potential to boost inclusion and spur growth.
