The Instant Payment Systems (IPS) in Africa hit over $1 trillion in 2023 as the continent slowly moves towards financial inclusion. A 2024 report by AfricaNenda on the current State of Inclusive Instant Payment Systems (SIIPS) in Africa says that in 2023,…
In the government’s latest push to expand tax revenue, the Kenya Revenue Authority (KRA) ‘s new device registration plan is stirring debates over privacy. The initiative, which requires tracking of all mobile devices through unique identifiers known as IMEI numbers, is facing…
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…
