Nigerian Central Bank to Launch a Regulatory Sandbox
The Central Bank of Nigeria (CBN) is finalizing the frameworks to create a regulatory sandbox as part of its initiative to boost the adoption of financial services. Nigeria embarked on [...]
Kenyan Legislators Say Budget 2020/21 Growth Estimates are Overambitious
The Parliament’s Budget and Appropriations Committee (BAC) in their submission on the estimates of the Budget2020/21 says that the growth estimates are overambitious. Kenya's Ministry of Treasury had presented the [...]
Kenya Risks USA Probe Over its Planned Digital Tax
Kenya risks a trade war with the USA over its plans to tax firms in the digital marketplace. This is if the draft Value Added Tax(VAT) law on digital firms [...]
Nairobi Expressway Construction Works Begin
Preliminary works on Nairobi Expressway have commenced. Main construction activities on the 27.1 Km project are scheduled for July 2020 with December 2022 as the set completion date. The Expressway [...]EU Gives KSh 7.8 Bn to Kenya to Fight Impacts of COVID-19 Pandemic
The European Union (EU) has given an additional KSh 7.8 billion to Kenya to help avert hunger and strengthen COVID-19 countermeasures. The fund will help mobilize resources to fight the [...]AfDB Issues $288.5 Million Loan to Support Nigeria's Economy
The African lender, AfDB, approved a $288.5 million loan to help Nigeria ease the impact of Coronavirus. The loan will also help the West African country through tough economic times [...]KWS Enforces the Single-Use Plastic Ban
The Kenya Wildlife Service has enforced the plastic ban (single use) with effect from 5th June 2020, henceforth advocating the use of less polluting materials such as wooden, metallic, or [...]Draft VAT Law Targets Players in Digital Space
The National Treasury has set its sights on firms engaged in the digital space by widening the tax net to include firms involved in this nascent segment of the economy. [...]Google Faces $5 Billion Lawsuit Over Alleged Privacy Breach
Search giant Google is facing a $5 billion class-action suit for allegedly tracking users' data in browsers set in private mode. The lawsuit covers millions of users who browsed in [...]NTSA Seeks to Introduce Cashless Payments in Matatus
The National Transport and Safety Authority (NTSA) plans to introduce a cashless payment system in public transport. The authority recently called for bids from tech companies to install mobile software [...]EAC Adopts Regional Driver Surveillance System
East African Community members have agreed to adopt a regional electronic driver and cargo tracking system to find a regional response to stop the spread of COVID-19. The driver surveillance [...]A Proposed Merger of 3 State Corporations
The National Treasury is inviting parties to comment on the draft bill to form Kenya Development Bank. The bill seeks to merge three parastatals to form a state bank that [...]
