East Africa remains the undisputed leader in Africa mobile money growth, processing more than $800 billion across approximately 61 billion transactions.
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Kenya’s bid to increase its budget for hosting the 2027 AFCON has stalled after the National Assembly Committee on Sports and Culture rejected a proposal to raise the allocation from Sh3.5 billion to Sh5 billion, citing weak justification and arguing that costs should be lower because the tournament will be co-hosted with Uganda and Tanzania.
The urgency of these measures stems from Senegal's rapidly deteriorating fiscal position. Public debt reached 132 per cent of gross domestic product by the end of 2024, according to the International Monetary Fund.
Under the proposed amendments to Section 34(1)(a) of the VAT Act, the current annual turnover threshold of KSh 5 million for mandatory VAT registration would be scrapped entirely. This would effectively bring micro, small, and medium enterprises (MSMEs) into the formal tax net for the first time.
The week-long mission has brought together more than 50 investors from Africa, Europe, Asia, and the Middle East, positioning the DRC not just as a hub for raw mineral extraction, but as a growing industrial and value-addition destination.
For investors navigating Kenya’s capital markets, identifying early signals of a price surge on the Nairobi Securities Exchange (NSE) is essential for maximizing returns. According to market analysts, a confluence of robust financial
The two countries already have a political agreement covering 2,500 megawatts of power supply. However, ongoing negotiations are expected to consider doubling that figure to 5,000 megawatts, reflecting South Africa’s growing energy demand.
Kenya is taking a major step to fix one of its biggest investment risks: land fraud.
Kenya China zero tariff exports agreement is poised to unlock a major trade opportunity as Kenyan goods gain expanded duty-free access to one of the world’s largest consumer markets.
U.S. funding cuts have left Kenya’s health system struggling, putting essential services and vulnerable populations at risk.
