Agnes Gathaiya, CEO IPSL ( currently Google Director – East Africa) explains the latest initiatives that will make Kenya’s economy cash lighter and how Pesalink is being envisioned as the payment platform, top of the mind of all citizens. As financial institutions and telcos offer alternative mobile money and digital payment platforms, cash in Kenya remains the most popular mode of payment. 2016 FinAccess Household Survey from Financial Sector Deepening (FSD Kenya) indicate only 1.3 percent of business owners receive payments through bank transfers, while 3 percent receive payments through mobile money. The most current is data from the Central…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
The future of debt-laden ARM Cement PLC (NSE:ARM) will be determined the end of October, according to a statement by the company’s administrators, PricewaterhouseCoopers (pwc). The statement announced the first meeting of creditors will take place in Nairobi on 23 October. ARM Cement was placed under administration in August 2018 to give it an opportunity to recover by keeping away creditors from attaching its property with Muniu Thoiti and George Weru of PwC taking over the management. Creditors will vote on whether to liquidate it or give it more time to raise new capital. Read: What does it mean when a…
National Treasury’s cuts on development spending plans have received a thumbs down from financial and economic analysts who have termed it ‘not growth-friendly’. “A path where much of the burden of fiscal consolidation is disproportionately shouldered by development spending, as is the case in Kenya, undermines the underlying growth potential of the Kenyan economy,” said the World Bank in its 18th Kenya Economic Update (KEU). “In this regard, there is a need to recalibrate the balance between development and recurrent expenditures, with the latter bearing a higher share of the expenditure containment.” The World Bank says this can be…
The Constitution thereof bestows the highest power of the country of Kenya on the people of Kenya and everybody else is subordinate to the people of Kenya.
Sharon Wendo is a young woman passionate about entrepreneurship and design. She is the founder, CEO, and Creative Director of Epic African Jewellery.
Equity Bank Group emerged as the most stable banks in the world in terms of Capital Adequacy Ratio (CAR), a measure of the bank’s financial stability according to the Top 1000 World Banks 2018 ranking. The lender was ranked 35th globally and first in Kenya ranking at 799 with KSh84.8 billion ($848 million) in Tier 1 capital. This shows that it has moved seven places up, compared with the 806th position it was placed last year. The lender was also categorised position 11 on profit and loss assets, 35th on the bank’s capital risk-weighted assets, and 44th on profits on…