Kenya introduced a tax on mobile phone-based transactions in 2013 via an excise tax rate of 10 per cent through the Finance Act of 2018.
Author: David Indeje
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.
The African Export-Import Bank (Afreximbank) has said the impact that trade, finance, and expansion of value chains will have on Africa’s development agenda over the next 20-30 years must be underscored. Kanayo Awani, Managing Director, Intra-African Trade Initiative, emphasises that improving market integration in Africa should be accompanied by industrialisation and capacity building initiatives. “To help African countries produce value-added goods and services that can be traded within the continent and globally in a competitive manner,” said Kanayo at the 2nd edition of the Trade with Africa Business Summit held in Chicago on ‘Afreximbank contribution to Africa’s quest for accelerated…
Cybercrime is the biggest challenge to financial markets whose potential economic costs can be immense and damaging to public trust according to the Capital Markets Soundness second quarter 2019 report released Monday. “Confidence is significant as cyber incidents could potentially undermine the integrity of the global financial markets,” said Mr. Luke E. Ombara, Director, Regulatory Policy and Strategy, CMA. The report says with a prevalence of Cyber Incidents from financial data breaches at large multinational public companies to high profile incidents on Central Banks and Government systems have risen due to increased use of Financial Technology (FinTech). “Cyber threats in…
Tusker Mattresses, popularly referred to as Tuskys Supermarket, Kenya’s biggest retailer, plans to list at the Nairobi Securities Exchange (NSE) in 2019. “We are excited to have joined the NSE Ibuka program and we have a strong intent to be one of Kenya’s remarkable listings on the NSE,” said Daniel Githua, chief executive of Tusker Mattresses Limited when it joined Ibuka, NSE incubation and acceleration program for high growth companies in Kenya. The retailer operates and serves over 10 million customers monthly across 63 branches in Kenya and Uganda and on its premium e-commerce platform. The retailer joined the program…
Trade With Africa awarded Amb. Albert Muchanga “the Champion of Trade 2019 Award”. Muchanga is the Commissioner for Trade and Industry of the African Union. He was being recognized for his achievements in promoting Intra-African Trade. This was in recognition of his significant contribution to the Continental Integration and his tireless and remarkable work towards the launch of the operational phase of the African Continental Free Trade Area (AfCFTA) in Niamey, Niger in July 2019. “We have found in Ambassador Albert Muchanga a leader with a clear vision, tenacity, and rigor and on behalf of my generation, who believe in…
The Kenya Internet Governance Forum (KIGF), an annual meeting that brings together various stakeholder groups for policy dialogue on Internet governance issues on an equal basis through an open and inclusive process, is set to be held on August 1-2, 2019 in Nairobi, Kenya. This year, the 12th edition is themed, “One Kenya. One Net. One Vision.” The sub-themes prioritized for discussions include: Data Governance – This session will provide for discussions on the fundamental challenge of ensuring the benefits of the data revolution to contribute to inclusive economic development while protecting the rights of people. Digital Inclusion – This…