Kenya has secured a number of deals from the United States of America to beef up security within and across the region. The deals announced during President William Ruto’s State visit to the USA forms part of long-term investments in Kenya’s defense capabilities. https://kenyanwallstreet.com/kenya-bags-deals-to-boost-security-operations-set-to-become-major-non-nato-ally/
Kenya Bags Deals to Boost Security Operations, Set to Become Major Non-NATO Ally
Kenya has secured a number of deals from the United States of America to beef up security within and across the region. The deals announced during President William Ruto’s State […]
President William Ruto has stated that his US travel expenses were significantly lower than those incurred if he had used a Kenya Airways (KQ) plane.
"As a responsible steward of public resources and in keeping with my determination for us to live within our means and that I should lead from the front in so doing,the cost was less than travelling on KQ." - William Ruto
"As a responsible steward of public resources and in keeping with my determination for us to live within our means and that I should lead from the front in so doing,the cost was less than travelling on KQ." - William Ruto
#TheWeeklyBrief: Was Ruto's US Trip Worth It?
Here's what you need to know to start your week:
https://www.linkedin.com/pulse/rutos-us-trip-worth-south-africa-goes-poll-kenyanwallstreet-4ivjf
Here's what you need to know to start your week:
https://www.linkedin.com/pulse/rutos-us-trip-worth-south-africa-goes-poll-kenyanwallstreet-4ivjf
Linkedin
Was Ruto's US Trip Worth It, South Africa Goes to the Poll
Here's what you need to know to start your week What's Inside Was Ruto’s US Trip Worth It? Luncheon; Mitigating Climate Risks; The Role of African Financial Institutions South Africa Goes to the Polls Don't forget to attend these events..
ONE DAY TO GO!
Don't miss our next edition of the Virtual Office Hours with tax partners CPA Beatrice Njeri and Sarah Mungai from Tarra Agility Africa as we discuss Kenya’s business tax landscape and what business owners, accountants, and finance professionals need to know.
It's happening Tomorrow at 4:30 PM!
https://lnkd.in/dwxk-S4Q
https://www.linkedin.com/events/7199331915944865793/
Don't miss our next edition of the Virtual Office Hours with tax partners CPA Beatrice Njeri and Sarah Mungai from Tarra Agility Africa as we discuss Kenya’s business tax landscape and what business owners, accountants, and finance professionals need to know.
It's happening Tomorrow at 4:30 PM!
https://lnkd.in/dwxk-S4Q
https://www.linkedin.com/events/7199331915944865793/
Linkedin
Kenya Business Tax Landscape: What You Need To Know. | LinkedIn
- How is the business tax environment changing in
Kenya?
- What should business owners and executives know?
- How do you assure compliance with your returns?
- What processes should you be maintaining year- round to make tax
season easier?
Kenya?
- What should business owners and executives know?
- How do you assure compliance with your returns?
- What processes should you be maintaining year- round to make tax
season easier?
According to you, which one is cheaper between Private Jet and Commercial flight?
Anonymous Poll
79%
Commercial flight
21%
Private Jet
Women Who Build Africa Announces 2nd Annual WWBA Assembly, 5-6 September
Women Who Build Africa (WWBA), a community launched by Gwera Kiwana and Thea Sokolowski in 2022 to convene and support women leaders, investors and builders across Africa, has announced that its second annual WWBA Assembly will take place in Nairobi, September 5th-6th, 2024, in partnership with Africa Fintech Summit.
Interested attendees may purchase tickets now via HustleSasa, or via Africa Fintech Summit. Women founders interested in applying to pitch at the event are encouraged to do so here.
https://shorturl.at/oBYHX
Women Who Build Africa (WWBA), a community launched by Gwera Kiwana and Thea Sokolowski in 2022 to convene and support women leaders, investors and builders across Africa, has announced that its second annual WWBA Assembly will take place in Nairobi, September 5th-6th, 2024, in partnership with Africa Fintech Summit.
Interested attendees may purchase tickets now via HustleSasa, or via Africa Fintech Summit. Women founders interested in applying to pitch at the event are encouraged to do so here.
https://shorturl.at/oBYHX
Khat Dealers Lose Key Coastal Markets Following Ban
The Mombasa and Kilifi County Governments have issued new directives with far reaching consequences on traders and the farmers of muguka, which is a variety of Khat.
Mombasa and Kilifi among other counties across the coastal region are key market areas for the crop which is produced in Mt Kenya region.
https://shorturl.at/gfb4i
The Mombasa and Kilifi County Governments have issued new directives with far reaching consequences on traders and the farmers of muguka, which is a variety of Khat.
Mombasa and Kilifi among other counties across the coastal region are key market areas for the crop which is produced in Mt Kenya region.
https://shorturl.at/gfb4i
Zimbabwe Approves Starlink Operations after Months of Regulatory Deadlock.
https://kenyanwallstreet.com/zimbabwe-approves-starlink-operations-after-months-of-regulatory-deadlock/
https://kenyanwallstreet.com/zimbabwe-approves-starlink-operations-after-months-of-regulatory-deadlock/
Zimbabwe Approves Starlink Operations after Months of Regulatory Deadlock
The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has approved satellite internet services offered by Starlink.
Kenya Power to Interrupt Pre-Paid Tokens on June 2nd
Utility provider Kenya Power, has advised customers to buy enough tokens before Sunday 2nd June ahead of a planned 24-hour system interruption that will render the pre-paid service unavailable.
“We wish to inform our customers that the prepaid token vending system will be unavailable from 10:00 PM, Sunday, 2nd June to 10:00 PM, Monday, 3rd June to enable us to upgrade our systems for improved service delivery,” Kenya Power said in a statement.
https://kenyanwallstreet.com/kenya-power-to-interrupt-pre-paid-tokens-on-june-2nd/
Utility provider Kenya Power, has advised customers to buy enough tokens before Sunday 2nd June ahead of a planned 24-hour system interruption that will render the pre-paid service unavailable.
“We wish to inform our customers that the prepaid token vending system will be unavailable from 10:00 PM, Sunday, 2nd June to 10:00 PM, Monday, 3rd June to enable us to upgrade our systems for improved service delivery,” Kenya Power said in a statement.
https://kenyanwallstreet.com/kenya-power-to-interrupt-pre-paid-tokens-on-june-2nd/
African Businesses Missing Out on Fruits of Digitalisation-IFC Report.
https://kenyanwallstreet.com/african-businesses-missing-out-on-fruits-of-digitalisation-ifc-report/
https://kenyanwallstreet.com/african-businesses-missing-out-on-fruits-of-digitalisation-ifc-report/
African Businesses Missing Out on Fruits of Digitalisation-IFC Report
Fewer than 1 in 3 firms that have adopted digital technologies make intensive use of them, a phenomenon defined as incomplete digitalisation.
Ghana Signs MoU to Restructure US$5.4 Billion of Debt
Ghana has signed a memorandum of understanding (MoU) with its bilateral creditors, including China and France, to restructure $5.4 billion of debt.
The MoU provides a framework for restructuring loans from official creditors, following an agreement by the Paris Club in January.
https://kenyanwallstreet.com/ghana-signs-mou-to-restructure-us5-4-billion-of-debt/
Ghana has signed a memorandum of understanding (MoU) with its bilateral creditors, including China and France, to restructure $5.4 billion of debt.
The MoU provides a framework for restructuring loans from official creditors, following an agreement by the Paris Club in January.
https://kenyanwallstreet.com/ghana-signs-mou-to-restructure-us5-4-billion-of-debt/
WeWire, a cross-border business payment platform with a strong presence in Kenya, has been admitted into the Bank of Ghana’s (BOG) regulatory and innovation Sandbox program. This program will enable the Ghana-based startup to collaborate with BOG to develop inclusive financial technology products, which will, in return, attract investments into the continent.
WeWire, which also operates in Nigeria, understands the power of mobile money in facilitating financial transactions. The company is uniquely positioned to develop, test, and deploy payment solutions that leverage blockchain and stablecoins to facilitate fast and secure global payments.
https://shorturl.at/ShAEv
WeWire, which also operates in Nigeria, understands the power of mobile money in facilitating financial transactions. The company is uniquely positioned to develop, test, and deploy payment solutions that leverage blockchain and stablecoins to facilitate fast and secure global payments.
https://shorturl.at/ShAEv
Both new and existing loans issued by KCB Bank Group will be affected by the hiked interest rates announced by the institution on May 27th.
KCB’s new base lending rate stands at 15.6% per annum, rising from the 14.7% per annum rate that has been in place since January 15th.
https://kenyanwallstreet.com/kcb-raises-base-lending-rate-to-15-6/
KCB’s new base lending rate stands at 15.6% per annum, rising from the 14.7% per annum rate that has been in place since January 15th.
https://kenyanwallstreet.com/kcb-raises-base-lending-rate-to-15-6/
KCB Raises Base Lending Rate to 15.6%
KCB new base lending rate stands at 15.6% per annum, rising from the 14.7% per annum rate that has been in place since January 15th.
Join us for an in-depth LinkedIn Live webinar on as we discuss Kenya Business Tax Landscape with Tarra Agility Africa's CPA Beatrice Njeri and Sarah Mungai.
Gain insights and strategies for navigating Kenya's evolving tax environment.
Don't miss out! https://www.linkedin.com/events/7199331915944865793
Gain insights and strategies for navigating Kenya's evolving tax environment.
Don't miss out! https://www.linkedin.com/events/7199331915944865793
The digital financial landscape in Kenya has seen a significant transformation with the rise of Digital Credit Providers (DCPs), which has brought about significant opportunities for financial inclusion and innovation.
https://kenyanwallstreet.com/how-cbk-can-address-challenges-in-licensing-digital-lenders/
https://kenyanwallstreet.com/how-cbk-can-address-challenges-in-licensing-digital-lenders/
How CBK Can Address Challenges in Licensing Digital Lenders
The digital financial landscape in Kenya has seen a significant transformation with the rise of Digital Credit Providers (DCPs), which has brought about significant opportunities for financial inclusion and innovation. […]
Standard Chartered Bank Kenya recorded a 39.5% increase in profit to KSh 5.62bn for the first quarter of 2024, up from KSh 4.03 bn in the same period in 2023.
The growth is primarily attributed to a decent 21.4% increase in total operating income.
Both funded and non funded income saw double digit growth recording 20.0% and 23.9% increases respectively.
https://kenyanwallstreet.com/standard-chartered-kenya-q1-profit-up-39-5-to-ksh-5-62bn/
The growth is primarily attributed to a decent 21.4% increase in total operating income.
Both funded and non funded income saw double digit growth recording 20.0% and 23.9% increases respectively.
https://kenyanwallstreet.com/standard-chartered-kenya-q1-profit-up-39-5-to-ksh-5-62bn/
WE'RE LIVE NOW!
Join our conversation with the tax experts from Tarra Agility Africa as we discuss the evolving Business Tax Landscape in Kenya.
https://www.linkedin.com/events/7199331915944865793/
Join our conversation with the tax experts from Tarra Agility Africa as we discuss the evolving Business Tax Landscape in Kenya.
https://www.linkedin.com/events/7199331915944865793/
Linkedin
Kenya Business Tax Landscape: What You Need To Know. | LinkedIn
- How is the business tax environment changing in
Kenya?
- What should business owners and executives know?
- How do you assure compliance with your returns?
- What processes should you be maintaining year- round to make tax
season easier?
Kenya?
- What should business owners and executives know?
- How do you assure compliance with your returns?
- What processes should you be maintaining year- round to make tax
season easier?
Google Launches Fibre Optic Cable Connecting Africa with Australia.
https://kenyanwallstreet.com/google-launches-fibre-optic-cable-connecting-africa-with-australia/
https://kenyanwallstreet.com/google-launches-fibre-optic-cable-connecting-africa-with-australia/
Google Launches Fibre Optic Cable Connecting Africa with Australia
On May 23rd, Google announced the launch of Umoja, a new fibre optic cable connecting Africa with Australia.
Elon Musk’s xAI Raises US$ 6 Billion 10 Months after Establishment
The global race for artificial intelligence has intensified after several investors raised US$ 6 billion to further develop and advance Elon Musk’s xAI.
Elon Musk founded xAI in July last year, joining the fray of multibillion tech companies that had onboarded the AI revolution. https://kenyanwallstreet.com/elon-musks-xai-raises-us-6-billion-10-months-after-establishment/
The global race for artificial intelligence has intensified after several investors raised US$ 6 billion to further develop and advance Elon Musk’s xAI.
Elon Musk founded xAI in July last year, joining the fray of multibillion tech companies that had onboarded the AI revolution. https://kenyanwallstreet.com/elon-musks-xai-raises-us-6-billion-10-months-after-establishment/
Elon Musk’s xAI Raises US$ 6 Billion 10 Months after Establishment
The global race for artificial intelligence has intensified after several investors raised US$ 6 billion to further develop and advance xAI.