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More on Finance
26 Apr 2024
Game-Changer Alert: IFRS 18 Revolutionises Financial Performance Reporting
The International Accounting Standards Board (IASB) has been on a course to improve the standards of reporting in the corporate world. Having come out to shape sustainability reporting in the recent p...
21 Apr 2024
CBK introduces green finance taxonomy, paving the way for sustainable financial practices
In a groundbreaking development that signals a major step forward in environmental sustainability, the Central Bank of Kenya (CBK) unveiled the draft Kenya Green Finance Taxonomy (KGFT) for pub...
21 Apr 2024
Kenya’s Affordable Housing Regulations: A closer look at the draft provisions
As a bold testament to the government’s unwavering dedication to achieving affordable housing for all Kenyans, the State Department of Housing and Urban Development has swiftly unveiled the Affo...
12 Apr 2024
Kenya’s innovative approach to financing entrepreneurs: A deep dive into credit guarantee schemes.
Credit guarantee schemes (CGSs) are a form of financing for SMEs that emerged in Europe in the 19th and early 20th centuries, spearheaded by civil society and the private sector as a way to proffer cr...
12 Apr 2024
Ties that ‘bond’: The push for a diaspora bond gains momentum amidst strong remittance inflows.
The country’s diverse and vast diaspora community spans globally, making the push for a diaspora bond and calls for Kenyans living abroad to invest back home more significant. In the past few ...
12 Apr 2024
Addressing Africa’s digital trade challenges: Advancing policy reforms for equitable and inclusive growth.
In the ever-evolving global commerce landscape, digital trade has emerged as a transformative force, reshaping economies and transcending traditional boundaries. From the sale of software to the strea...
12 Apr 2024
Soaring commitment fees on unused loans amid weak shilling sparks debt management and policy concerns.
Kenya finds itself in a concerning scenario with its external borrowing, as a weak shilling has resulted in the country paying a staggering Sh833.85 million in commitment fees on unused loans in the f...
12 Apr 2024
Budget struggles loom: IEA highlights impact of delayed Division of Revenue Bill on county budgets.
An analysis of the Division of Revenue Bill (DoRB), 2024, by Faith Nzomo of the Institute of Economic Affairs (IEA) recently identified several issues that require attention before the bill is passed....
5 Apr 2024
Austerity measures clash with spending trends: Why the government must walk the talk.
The government has been issuing edicts ordering spending cuts across the executive, ministries, departments, and agencies as part of austerity measures that have been rolled out. Despite all these edi...
5 Apr 2024
Kenya’s Economic Freedom Ranking: A Look at the 30th Anniversary Index Results
This year marks the 30th anniversary of the Index of Economic Freedom. Kenya holds the 20th position in Africa and ranks 120th globally, categorised as ‘mostly unfree’. The score falls abo...
28 Mar 2024
Kenya leads mobile money innovation: Trends and key insights from State of the Industry Report 2024
The State of the Industry Report on Mobile Money 2024 has revealed interesting insights into the mobile money landscape across sub-Saharan Africa. Among the countries analysed, Kenya emerges as a foca...
21 Mar 2024
Enhancing tax compliance to boost revenue: Expanding the tax bracket and prudent spending must go hand in hand.
Meeting Kenya’s ever-growing development needs, largely financed through taxation, is an arduous task. The broader fiscal context Kenya finds itself in currently makes even the challenge dauntin...
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