Kenya’s Monetary Policy: A Missed Opportunity?
In December 2024, Kenya’s economic story reached a pivotal chapter. The Central Bank of Kenya (CBK), at its highly anticipated Monetary Policy Committee (MPC) meeting on December 5, faced a [...]
Taxes keep Fuel Prices High Despite Global Easing
While fuel prices have decreased marginally in 2024, they remain high with taxes taking up to between 36% 45% of the total retail prices, slightly higher than the landing [...]How Startups Can Position for Success During the African Tech Ecosystem's Funding Winter
The global funding slowdown has particularly hit African startups hard, with venture funding seeing almost a 40% year-on-year decline when comparing 2023 and 2024, according to Africa: The Big Deal. [...]
Traditional Bank Usage Up, Mobile Bank Slightly Dips- FinAccess Survey
Traditional bank usage increased in 2024 in a year when mobile banking declined across all demographics, the 2024 FinAccess Household Survey shows. “Traditional banking saw slight increases, particularly among older [...]Two Months of Starlink at The Kenyan Wall Street, Here’s What We've Learned
As a digital media company, a reliable internet source is priceless. Journalists are always in a race against time so periodic lapses of no internet' can disparage our effectiveness. When [...]Kenyans Avoid Chamas as Source of Financial Advice -FinAcess Survey
Kenyans are shifting away from informal, community-based sources such as chamas for financial advice, instead seeking advice from family/friends or self-consultation. “Group/Chama usage has almost disappeared in 2024, reflecting a [...]Africa's Financial Future Needs Radical Reform
Africa's financial future is shaped not just by traditional western-led institutions but also by emerging partnerships with eastern and BRICS-led financial groups. While these new partnerships offer hope, African nations [...]Investing in Agriculture in Africa Has an Information Problem
Agriculture employs the most people in Africa and contributes 30—40% of gross domestic product. Its apparent importance notwithstanding, the practice of and investments in agriculture in Africa suffer the most [...]
The Fierce Urgency of African Energy Banks
The AEC is calling upon African states and the private sector to fund the African Energy Bank, an institution which is focused on funding African energy projects. For more than [...]
Bankers Push for Further Rate Cuts by the Central Bank
Bankers have urged the Central Bank of Kenya (CBK) to further cut its benchmark rate at its final Monetary Policy Committee (MPC) meeting of the year on 5th December 2024. [...]Artificial Intelligence Will Add $2.4B to Kenya's Economy by 2030- Report
Artificial intelligence (AI) holds immense potential to transform Kenya’s economy and could add $2.4 billion to Kenya's economy by 2030, according to a report by Public First (Digital Opportunity of [...]Visitors Arrivals in Key Airports Fell in September-KNBS
The total number of visitor arrivals at Jomo Kenyatta International Airport (JKIA) and Moi International Airport (MIA) fell from 175,113 in August 2024 to 144,996 in September 2024, the latest [...]
