Jimmy Mbogoh
111 Articles
Gov’t defends cybercrime law, says Kenya was losing investors over ‘misuse of certain platforms’
As technology becomes more integrated into the day-to-day lives of Kenyans, with an average Kenyan spending at least 4 hours and 13 minutes browsing the internet, so has the risk associated with the changing cybersecurity landscape.
I&M Bank launches real-time forex trading for clients
I&M notes that the platform will eliminate the traditional need for physical dealer interaction, offering users the ability to buy and sell foreign exchange, manage limit orders, and monitor live market rates from anywhere, in turn offering customers convenience....
Experts warn continuous stability of the Kenyan currency may be manipulated
Experts say it is unusual for currencies to remain at the same level for a protracted period
Gov't to deploy AI algorithm in tax collection to add 2.5 million new taxpayers
This is according to Dr. David Ndii, the Chair of the President’s Economic Council. According to Ndii, the administrative burden of collecting small taxes has been addressed by mobile penetration in the country, making it easier for the government to monitor economic transactions....
Emirates mulls expansion of Kenya operations as passenger, cargo demand surge
The Dubai-based carrier, which currently operates double daily flights to Nairobi, says the move would help meet growing demand from business, leisure, and cargo clients.
34 banks, 2 micro finance institutions accounted for 8% of all taxes collected in 2024
The report, released by the Kenya Bankers Association (KBA) in partnership with audit firm PwC, shows that the banking sector contributed a total of Ksh.194.81 billion to the National Treasury in the year ended December 31, 2024.
At least 3 people killed as Raila's body viewing turns chaotic
A stampede occurred after crowds surged toward the Presidential Pavilion entrance, forcing security personnel to fire in the air to control the swelling number of mourners eager to pay their last respects.
'We're not out to get you': KRA defends efforts to monitor Kenyans' digital transactions
According to KRA Board Chair Ndiritu Muriithi, the authority is not interested in people's data for malicious purposes, but only to enable it to ensure that all Kenyans pay their fair share of taxes.
Kenya Pipeline privatization kicks off as gov't seeks transaction advisors for IPO
In a notice published on Thursday, the commission announced it is seeking a team of advisors led by a lead transaction advisor to coordinate and execute the Kenya Pipeline Corporation IPO process.
CBK lowers base lending rate for eighth consecutive time
The regulator argues that the move will augment the previous policy actions aimed at stimulating lending by banks to the private sector and supporting economic activity, while ensuring inflationary expectations remain firmly anchored.