In a continent as diverse and interconnected as Africa, the ability to facilitate seamless cross-border transactions is essential for economic growth. Historically, making payments across […]
Category: Finance
d.light Selected for DARES to Expand Clean Energy Access for Millions in Nigeria
Nigeria, Africa’s largest economy, is at a critical crossroads in its energy journey. Despite its economic might, nearly 86 million Nigerians lack reliable electricity, with […]
How Naira Devaluation is Impacting Airtel Nigeria’s Financial Performance
Airtel Nigeria, the country’s second-largest telecommunications operator, recently reported a significant revenue decline, primarily due to the sharp depreciation of the Nigerian naira. Despite these […]
Kenyan Banks Raise Data Privacy Concerns in Pushback Against KRA’s System Integration Requirement
The Kenya Revenue Authority (KRA) has found itself in conflict with banks over its latest effort to integrate its tax collection system with financial institutions. […]
Why Kenya’s National Treasury Has Revised Downward Its Revenue Collection Target for KRA
The National Treasury of Kenya has made significant adjustments to its revenue collection targets for the 2025 Budget Policy Statement (BPS), reducing expectations for the […]
How Mismanagement and Corruption by Top Executives Led to a Massive Sh13.3 Billion Fraud at Kuscco
A recent forensic audit by PricewaterhouseCoopers (PwC) has uncovered a massive Sh13.3 billion fraud at the Kenya Union of Savings & Credit Co-operatives Ltd (Kuscco). […]
Power Play Between Treasury and CBK Delays EABX Launch
Kenya’s financial landscape is witnessing a fascinating tug-of-war between the Treasury and the Central Bank of Kenya (CBK) regarding the future of bond trading. At […]
Safaricom’s KES 983 Billion Contribution to Kenya’s Economy
Safaricom has once again demonstrated its significant contribution to the country’s economy. According to the company’s 13th Sustainable Business Report, Safaricom contributed a substantial KES […]
J.P. Morgan Commences Kenyan Operations with New Appointment
J.P. Morgan has made a significant appointment with the selection of Sailepu Montet as its new Country Manager for Kenya. With a wealth of experience […]
WAIFC Expands Global Reach with Nairobi and Istanbul Memberships
The World Alliance of International Financial Centres (WAIFC) has continued its expansion, welcoming two new members during its General Meeting in Tokyo. The Istanbul Financial […]