Small and medium enterprises (SMEs) are currently grappling with the downturn in the economy following a significant drop in purchasing power among the populace. However, Absa Bank has been engaged in a series of consultations focused on networking and engaging SMEs with…
In the face of growing economic challenges and heightened public demand for solutions to alleviate financial strain, Treasury Cabinet Secretary John Mbadi has introduced a reform strategy aimed at reshaping Kenya’s economic framework. The proposed Tax Laws (Amendment) Bill 2024 outlines a…
At the recent 21st China Lecture, held on October 21, 2024, global leaders, renowned scholars, and policymakers convened to dive into discussions on the theme “Chinese Modernization and High-Quality Development of Belt and Road Cooperation between China and Africa.” An event organised…
Kenya’s digital economy has realised a steady in the last five years as mobile money transfer takes the where cash-in and cash-out transactions amounted to a total of $61 billion in 2023. At the launch of the Kenya Digital Economy report in…
Kenya’s internet landscape is undergoing a major shift with the entry of Starlink, Elon Musk’s satellite-based internet service. This innovative technology, developed by SpaceX, has the potential to drastically alter how Kenyans, especially those in rural and underserved areas, access the internet….
Kenya has again found itself at the centre of a major international investment as India’s Adani Group secures a significant $736 million contract to build and manage power transmission lines and substations across the country for 30 years. This Public-Private Partnership (PPP)…
On September 25th, 2024, a historic Memorandum of Understanding (MoU) was signed between the Red Sea State of Sudan and Lamu County of Kenya. This MoU, signed at the Sudan Embassy in Nairobi by Samia Ali Ahmed Oshik, Secretary General, Council of…
The much talked about East African Community Common currency has been pushed to 2031, as member states continue to frustrate the implementation of the Common Market through non-tariff barriers. The EAC Secretary-General, Veronica Mueni Nduva announced on August 22 in Arusha that…
The usually cautious Tanzania is yet to sign the Tripartite Free Trade Area (TFTA) agreement that comes into force within the Sub-Saharan Africa region, due to fear of competition. The business community in Tanzania look at the TFTA with a mixture of hopes and…
Tanzania government is grappling to end acute shortage of electricity power supply, and the government is doing all it can in order to avoid the long rationing scheme which has plunged the nation since October 2023. Tanzania’s national grid, which has an…
