The High Court in Nairobi has temporarily halted the implementation of a controversial directive by the Communication Authority of Kenya (CA) that required travellers and phone dealers to declare their International Mobile Equipment Identity (IMEI) numbers. Justice Chacha Mwita issued a conservatory order on Friday, November 22nd, in response to a petition filed by the Katiba Institute. The institute argued that the CA’s directive infringed on privacy rights and could lead to mass surveillance. “Take notice that any disobedience or non-observance of the order of the court served herewith will result in penal consequences to you and any other person(s)…
Author: David Indeje
David Indeje
David Indeje serves as the community engagement editor at Khusoko, a digital platform covering East African business news. He manages editorial content, engages audiences, and amplifies diverse voices while consulting on digital strategy for brands in agriculture, governance, technology, and health. Indeje explores AI’s impact on journalism and works as a communications officer at KICTANet.
A new report by pan-African market insights firm Stears reveals that Africa’s financial services sector has emerged as the most attractive for investors, according to Stears Private Capital in Africa Report: Q3 2024. In the third quarter of 2024, financial services accounted for 33% of all private capital deals, surpassing other sectors like consumer goods and energy. Key Findings: Financial Services Dominance: The sector captured a third of all private capital deals, with payments and MSME lending as key sub-sectors. Geographic Focus: Kenya and South Africa were the most active markets, driving deal activity through private equity, private debt, venture capital,…
Kenya’s government has terminated all public-private partnership contracts with subsidiaries of India’s Adani Group. The move follows the indictment of billionaire Gautam Adani in the US on Wednesday on charges of bribery and fraud. President William Ruto announced the cancellation of the multi-million dollar deals in the energy, transport, and health sectors during his State of the Nation address on Thursday. He cited the emergence of “credible information on corruption.” “I have stated in the past, and I reiterate today, that in the face of undisputed evidence or credible information on corruption, I will not hesitate to take decisive action.…
The International Monetary Fund (IMF) Executive Board has approved the seventh and eighth reviews of Kenya’s economic program, unlocking a $606 million loan disbursement. Kenya and IMF staff reached an agreement on the seventh review of the $3.6 billion program in June. However, the final board approval and subsequent disbursement were delayed due to widespread protests that resulted in significant loss of life. Despite a challenging socio-economic climate, “Kenya’s economy remains resilient, with growth above the regional average, inflation decelerating, and external inflows supporting the shilling and a buildup of external buffers, despite a difficult socio-economic environment,” IMF First Deputy…
Africa’s climate finance landscape has seen a significant uptick, with a 48% increase in flows to US$44 billion in 2021/22. According to the “Landscape of Climate Finance in Africa 2024” report commissioned by FSD Africa and UK International Development, while this growth is encouraging, it still falls short of the estimated US$200 billion needed annually to transition to clean energy. “The research reveals a significant climate finance gap that threatens Africa’s sustainable development trajectory, with only 23% of the estimated annual funding required to implement Africa’s Nationally Determined Contributions (NDCs) and meet 2030 climate goals being tracked.” Public finance, particularly…
ICP HUB Kenya and ICP HUB Turkey have partnered to promote Web3 development and blockchain education across both regions (Africa and Eurasia). This collaboration aims to empower developers and enthusiasts to explore the potential of decentralized technologies through the Internet Computer Protocol (ICP). Both HUBs share the mission of making ICP accessible and fostering innovation in the Web3 space. Key Initiative: ICP Educate Series Bootcamp This joint initiative is a comprehensive boot camp designed to boost Web3 education and development in Kenya and Turkey. The boot camp (held on October 24th) offered participants: Intensive learning program on Web3 technologies, building…