Fintech in Africa (Part 1): African tech boom is more than a buzz; future is bright

The financial industry has benefited greatly from the buzz surrounding the African tech boom, with reports of African fintech businesses raising money becoming commonplace in tech media. It accurately reflects how much venture capitalists and investors have attracted financing to the fintech sector.  Fintech has

Top banks’ performance in Kenya Banking Sentiment Index, 2022, and areas to improve

Deloitte delivered the Kenya Banking Sentiment Index report indicating that M-Pesa had more positive appreciation  from clients than conventional banks as confirmed in the Net Sentiment Index. It partnered with DataEQ to monitor over 330,000 Twitter posts that mentioned Co-operative Bank, Equity Bank, Absa, Stanbic,

Highlights of the 2022 Kenya Financial Sector Stability Report

The Central Bank of Kenya (CBK) recently released the 2021 Financial Stability Report which discusses developments and risks in Kenya’s economy and financial sector in the post-Covid–19 pandemic recovery phase, and details how the financial sector has remained resilient.  The report outlines some of the

A step-by-step guide to preparing an ESG report

Reporting on the environment, society, and corporate governance are disclosed through ESG reporting. Its goal, like that of other disclosures, is to increase investor transparency, shed light on a company’s ESG initiatives, and encourage other organizations to follow suit. Reporting is also a powerful tool

Kenyans shoulder a heavy burden in the largest Public-Private Partnership project

The Public Investments Committee of the National Assembly has called upon the Ethics and Anti-Corruption Commission (EACC) to investigate the Kenya Electricity Transmission Company Limited (KETRACO) management over delays in the construction of a transmission line to connect the Lake Turkana Wind Power plant to

Central Bank of Kenya Diaspora Remittances Survey 2021

This week, the Central Bank of Kenya released the results of the first-ever Diaspora Remittances Survey (the “Survey”). The Survey was conducted between March and May 2021 by the Central Bank of Kenya in collaboration with the Kenya National Bureau of Statistics and the Ministry