In a bold regulatory move that could fundamentally reshape Kenya’s digital financial landscape, the Central Bank of Kenya (CBK) has proposed cutting mobile money transaction fees by approximately half, targeting a reduction in average person-to-person transfer costs from KSh 23 to just KSh 10. The proposal, embedded within the Kenya National Financial Inclusion Strategy 2025-2028, […]
Global financial markets opened the week on a cautiously optimistic note, with equity indices across major economies registering gains and the U.S. dollar retreating, even as political uncertainty in Washington threatens to disrupt the world’s largest economy. American lawmakers find themselves in a familiar but increasingly precarious position—racing against time to secure a funding agreement […]
The Zambian government has announced an ambitious fiscal consolidation strategy targeting a dramatic reduction in its budget deficit as part of a newly approved medium-term economic framework covering 2026–2028. The comprehensive plan, recently endorsed by Cabinet and presented by Finance Minister Situmbeko Musokotwane, aims to strengthen fiscal discipline, restore macroeconomic stability, and rebuild investor confidence […]
Kenya has unveiled the most ambitious digital taxation framework in Africa, introducing sweeping regulations that will fundamentally reshape how global technology giants including OpenAI’s ChatGPT, Netflix, Google, Amazon, and Uber are taxed for services consumed by Kenyan users. The Kenya Revenue Authority’s (KRA) new Income Tax (Significant Economic Presence Tax) Regulations, 2025, published this week, […]
The global economy is confronting an unprecedented debt crisis as total worldwide debt has surged to a record-breaking $337.7 trillion at the end of the second quarter, according to a bombshell report released Thursday by the Institute of International Finance (IIF). This staggering increase of over $21 trillion in just six months represents a debt […]
Zimbabwe has taken a decisive step toward transforming its economic trajectory with the successful deployment of a revolutionary Tax and Revenue Management System (TaRMS), marking the culmination of a comprehensive digital transformation initiative that could serve as a blueprint for addressing Africa’s massive revenue mobilization challenges. The African Development Bank-funded project, officially launched on August […]
Kenya marked a historic milestone in its tea industry by launching its first orthodox tea auction in Mombasa, signaling a strategic shift toward premium specialty markets as the country seeks to maximize revenue from its position as the world’s largest tea exporter. The inaugural auction successfully traded 2,925 packages equivalent to 91,798 kilograms of orthodox […]
China announced groundbreaking climate commitments on Wednesday, pledging to cut greenhouse gas emissions by 7-10% from peak levels by 2035, marking the first time the world’s largest emitter has committed to absolute emission reductions rather than merely limiting growth. The announcement came during a UN climate summit that highlighted the stark divergence in global climate […]
Nigeria’s money markets experienced significant repricing on Wednesday as overnight lending rates fell 100 basis points to 25.5% following the Central Bank of Nigeria’s historic decision to cut its benchmark rate for the first time since 2020. The rate adjustment, coupled with a surge in banking system liquidity to 3 trillion naira ($2.02 billion), marks […]
Kenya and the Czech Republic have signed a transformative Agreement on the Elimination of Double Taxation, marking a pivotal moment in bilateral economic relations between the two nations. The landmark accord, formalized at the National Treasury Building by Cabinet Secretary John Mbadi and Czech Ambassador Nicol Adamcová, represents Kenya’s 16th such agreement and signals both […]
Kenya’s monetary policy cycle has entered a defining phase. The Central Bank of Kenya (CBK) has lowered its benchmark rate...
In a development that signals a deeper convergence between traditional finance and digital assets, Binance, the world’s largest cryptocurrency exchange...
When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of...
Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can...
