Kenya has been ranked 42 globally in the Global Fintech Ranking by Findexable an improvement of ten positions attributed to the introduction of fintech friendly regulations. Some of the regulations are spearheaded by the Central Bank of Kenya which regulates the financial industry, the National Payments Systems Act, National Payment System Regulations 2014 and the Capital Markets Regulatory Sandbox Policy Guidance Note. https://khusoko.com/2019/10/25/capital-markets-authority-named-most-innovative-capital-markets-regulator-in-africa/ Data from the Global Fintech Index 2020, Cambridge Centre for Alternative Finance, Finnovating for Africa 2019 Medici and Milken Institute, Kenya ranks first out of 10 countries dubbed ‘Watchers’ in 2020 and beyond. They include Kenya, the…
Author: David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Tusker Malt on Tuesday marked 23 years since it was launched in the Kenyan market by unveiling a new look of its 330ml bottle as a way of renewing its commitment to its consumers. The new bottle demonstrates both external and internal signs of superior quality as the beer is more refined following an optimized production process. In addition, the iconic 330ml green bottle will now be embossed with the name Tusker into all four sides rather than the current paper label. “This has been a particularly exciting and fulfilling year for us since our strategy has been driven by…
Scope Market, a non-dealing online foreign exchange broker, on Tuesday launched it’s Mt5 trading platform. The dealer who is licensed and regulates by the Capital Markets Authority said it aims to provide a safer, smarter and faster way to trade global and local shares, forex, indices and commodities. Scope Markets chief executive Kevin Nganga who will lead the Kenyan subsidiary said his vision is to build a business that is customer centric. “To do this, Scope Markets Kenya has invested in staff training, technology, working with globally recognised price providers and local payment options such as Mpesa.” “We want to…
It has five stores in Nairobi. Yaya Center, the Westgate Mall, The Junction Mall, Karen Shopping Centre, and Serenity Spa in Thigiri.
Directors at WPP Scangroup (NSE:SCAN) have approved the sale of 100% of its shareholding in Millward Brown’s Nigeria, West Africa, and East African business as part of its new strategy, selling Global Kantar Group, a Data, insights and consulting, to Bain Capital Group. Funds raised from the sale will be used in expansion and capital needs with 40% of the proceeds being paid out as a special dividend to shareholders. “The sale will realize approximately KSh 5 billion after estimated tax and costs. The consideration has been arrived at under a global competitive auction process carried out by WPP Plc,”…
Banks and micro-finance institutions paid Kenya Revenue Authority KSh 207.2 billion in 2017 and 2018 Kenya Bankers overwhelmingly think the current tax policy is not supportive of the industry according to the latest state of the banking industry report. The study by PricewaterhouseCoopers (PwC) revealed that a majority of the bankers feel excluded from the tax policy setting where 81.1% of the survey participants either disagreed or strongly disagreed with the statement that there is predictability in the process of making changes to the tax framework and inclusion of industry stakeholders in the process. “This lack of engagement of the…