SUNRATE Launches Same-Name Collection Accounts in Kenya and Tanzania

SUNRATE is excited to announce the launch of same-name collection accounts in Kenya and Tanzania, expanding our footprint in East Africa and empowering businesses to collect payments faster, safer, and more efficiently. 

East Africa—home to the vibrant markets of Kenya and Tanzania—is fast becoming a hotspot for cross-border trade and investment. With a combined population of over 100 million and rapidly growing economies, these countries offer extensive opportunities for foreign businesses, especially in B2B trade. 

The East Africa Opportunity: A Convergence of Trade Policy and Growth 

Kenya is East Africa’s leading industrial and financial hub, anchored by the strategic port of Mombasa. In 2025, bilateral trade in goods between China and Kenya reached $10.29 billion, representing year-on-year growth of 16.7%. 

Kenya

• Population and Economy: A population of nearly 52.5 million with a young age structure. 2025 GDP of approximately $136 billion, GDP per capita of approximately $2,550, and an economic growth rate of around 4.6%. 

• Consumer Trends: Significant growth in demand for consumer electronics and digital devices, fashion and apparel, beauty and personal care products, household appliances and small home electronics. 

• Key Export Products: Tea · Flowers · Coffee 

• Key Import Products: Machinery · Steel · Vehicles 

Meanwhile, Tanzania is among Africa’s top ten economies, with robust growth and rising demand for agricultural products, electronics, and construction materials. In the first quarter of 2026, bilateral trade in goods between China and Tanzania reached $2.9 billion, surging 37.3% year on year, reflecting strong growth momentum. 

Tanzania 

• Population and Economy: A population of nearly 70 million, with urban residents accounting for approximately 40% of the total. 2025 GDP of approximately $87.4 billion, an economic growth rate of 5.9%, and GDP per capita of approximately $1,300. 

• Consumer Trends: Strong demand for fast-moving consumer goods, consumer electronics, beauty and personal care products, and hardware and building materials. 

• Key Export: Products Agricultural products (cotton, cashews, and others) · Gold 

• Key Import Products: Mineral fuels · Machinery · Vehicles 

Together, the two countries provide access to a market of more than 100 million people, offering businesses a gateway to East Africa and the wider African Continental Free Trade Area (AfCFTA). 

What SUNRATE Brings to Your Business 

Following the launch of collection services in Nigeria and Ghana, SUNRATE is expanding its African footprint — officially introducing local same-name collection accounts in Tanzania and Kenya, empowering cross-border B2B businesses to tap into the opportunities of East Africa. 

• Banking partnerships with world-leading institutions: Partnerships with top-tier international banks including J.P. Morgan, Citibank, and Standard Chartered, combined with principal membership of both Visa and Mastercard. 

• Licences and regulatory approvals across multiple jurisdictions: Holding payment licences and business approvals across Mainland China, Hong Kong, Singapore, Indonesia, Malaysia, the United Kingdom, and other key markets — ensuring full end-to-end compliance, security, and operational stability. 

• Multi-Currency support: Supports collection in major currencies including USD, EUR, and GBP, as well as a growing range of emerging market currencies such as Ghanaian Cedi, Nigerian Naira, Tanzanian Shilling, Kenyan Shilling, and more, covering businesses across 190+ countries and regions. 

• Fast activation and no hidden fees: Enjoy zero account opening fees, zero management fees, and zero hidden charges. Collection accounts can be activated in real time, improving cash flow efficiency and business launch speed, with the flexibility to handle diverse trade scenarios. 

• Global collections and payments, all in one place: Once funds are received, businesses can initiate FX settlement and payment requests (withdrawals or supplier payments) and global payments 24 hours a day, 7 days a week — supporting transactions in 130+ currencies to power your global operations. 

• Powered by SUNRATE.AI: A coordinated ecosystem of specialised intelligence embedded across the full payment lifecycle which includes an Onboarding Agent that automates KYB/KYC workflows including document verification, UBO validation, and more, as well as the Chat Agent, an AI-powered conversational support, enabling guided workflows, knowledge retrieval, and operational assistance across user touchpoints. 

Unlock East African Markets with SUNRATE 

As trade and economic ties deepen, having the right payment infrastructure is key to harnessing opportunities in Kenya and Tanzania. SUNRATE’s collection accounts provide businesses with secure, compliant, and efficient payment solutions, helping businesses to scale more efficiently across Africa’s dynamic markets. 

Beyond our collection services in Africa, SUNRATE offers comprehensive payment and collection solutions across numerous countries and emerging markets, including Singapore, Indonesia, Vietnam, the Philippines, Thailand, Japan, the United States, Europe, the United Kingdom, Mexico, and Australia. This global reach enables businesses worldwide to make and receive payments seamlessly and securely, while SUNRATE continues to innovate and expand its service offerings. 

To get started and partner with a solutions provider that can help your business optimise payments and help you scale both locally and globally, open a SUNRATE account today or contact our sales team.