Blockchain Lobby Faults 3% Digital Asset Tax, Blurry Proposals in Crypto Bill
Representatives of the Kenya's blockchain industry have challenged the 3% Digital Asset Tax (DAT) on virtual assets and several provisions in the proposed crypto bill — claiming it exceeds global [...]
Business Daily’s Misrepresentation of NSE Commodities Data Could Mislead Investors
The Business Daily newspaper has been running the same commodity and NSE market graphs for over six months, inaccurately depicting the prices of commodities such as gold and tea and [...]Only a Third of Kenyan Secondary Schools Have a Computer Lab
Kenya's prospects in digital literacy and economic equality may face immense challenges in the future as most secondary schools do not have a computer laboratory, and those who do struggle [...]Diaspora Remittances Dip by 4% in January as Flows from Africa Fall
Remittances from Kenyans in the diaspora dipped to KSh 55.2 billion in January, 4% lower than the KSh 57.6 billion recorded in December 2024, but 3.6% higher than January 2024. [...]Why Non-Oil Producing Countries Will Lead Sub-Saharan Africa's Growth in 2025
Non-resource-intensive economies such as Kenya, Ethiopia and Côte d'Ivoire are poised to outperform their peers especially oil producers in 2025 a recent report by BMI, a Fitch Solutions Company, [...]Security Concerns Pull Kenyan SMEs Away from Digital Payment Systems
Cash only Small and Medium Enterprises (SMEs) are losing business due to the complexity of and lingering security concerns around digital payment systems, according to the Visa Value of Acceptance [...]Half of Banked Kenyans Have More than One Account
Nearly half of the banked population in Kenyan market have multiple accounts, with the proportion of those owning single accounts declining in 2024 to 36.72% from 37.42% in 2023. “Multiple [...]What Would Happen if Kenya Adjusted its VAT Rate?
Kenya would benefit more from reducing the differences in VAT rates than in raising the standard 16% rate to 18%, a recent policy simulation by the Kenya Institute for Public [...]Weather to Dictate Food Prices as Transport Costs Stabilise CBK Survey
Weather will be a major factor in determining food prices in the coming months, according to the latest Market Perception Survey by the Central Bank of Kenya (CBK). The proportion [...]DRC Crisis Summits are Facing a Mediation Nightmare
Last weekend, the East African Community (EAC) and the South African Development Community (SADC) met in Tanzania to find the best path to a sustainable political solution to the Eastern [...]
African Business Leaders Worry Over Shifting Regulations
African business leaders are more worried about changing regulations than their counterparts elsewhere across the world. “The regulatory environment still presents challenges, including complexity, inefficiencies, enforcement issues and potential reversals [...]Sub-Saharan Africa CEOs Project Improved Global Economic Growth in 2025
Amid global uncertainties, CEOs in Sub-Saharan Africa have increased optimism about the future of their businesses and the global economy, the PWC’s 28th Annual Global CEO Survey reveals. “Additionally, an [...]
