Author: Muindi

The Kenyan Cabinet approved the Treasury Single Account (TSA) for the national and county governments on Monday. Treasury Single Account is an accounting system that uses a single account or linked government bank accounts to improve access and transparency for different ministries. President William Ruto chaired the meeting and said that the TSA will simplify government banking, increase the visibility of government cash resources, and enhance transparency in government cash management. He also said that the practice of depositing government funds in commercial bank accounts and earning interest must end. “The new system will control expenditure and reduce fragmentation of…

Sycamore Capital, a digital-based investment platform, has become the 11th firm to exit the regulatory sandbox and receive approval from the Capital Market Authority (CMA) to operate as a collective investment scheme (CIS). CISs are funds that invest in assets like bonds, equities, or cash and are run by fund managers. “The Capital Markets Authority has announced the successful exit of Sycamore Capital Limited from the regulatory sandbox and approval to operate as a mobile-based collective investment scheme intermediary service platform provider through the Cashlet mobile application,” said the CMA. Sycamore Capital entered the CMA sandbox in July 2021 to…

Kenyan runner Agnes Ngetich smashed the women’s 10km world record at the 10K Valencia Ibercaja, a World Athletics Label road race, on Sunday, January 14, 2024. The 22-year-old finished the race in a stunning 28:46, becoming the first woman to run 10km in under 29 minutes.  Hoy estamos muy felices 🔥 WORLD RECORD! 👏🏼🏆 pic.twitter.com/rT5flIEkM6 — 10K Valencia Ibercaja (@10KValencia) January 14, 2024 She beat the previous record of 29:14, held by Ethiopia’s Yalemzerf Yehualaw since 2022, by 28 seconds. Ngetich also broke the women’s 5km world record in a mixed race, clocking 14:13 at the halfway point. This was…

The 2023 Africa Cup of Nations (AFCON), a biennial African association football tournament, kicked off on Saturday, January 13, 2024, in Abidjan, Ivory Coast. The hosts defeated Guinea-Bissau 2-0 in the opening match at the Alassane Ouattara Stadium, which will also host the final on Sunday, February 11, 2024. Group Line-Up Group A: Ivory Coast, Nigeria, Equatorial Guinea, Guinea-Bissau. Group B: Egypt, Ghana, Cape Verde, Mozambique. Group C: Senegal, Cameroon, Guinea, The Gambia. Group D: Algeria, Burkina Faso, Mauritania, Angola. Group E: Tunisia, Mali, South Africa, Namibia. Group F: Morocco, DR Congo, Zambia, Tanzania. Fixtures and schedule Group stage Saturday,…

The landscape of cyber threats has significantly expanded in terms of volume, complexity, and impact of attacks over the past few years. Consequently, regardless of their size, industry, or geographic location, the vast majority of companies prioritize protection against these threats and primarily strive to implement robust cyber defense measures to counteract them. However, given the difficulty of preventing and anticipating all current and future forms of threats, especially the methods attackers use to bypass defenses and introduce ransomware into a system, organizations worldwide also tend to adopt cyber insurance policies to safeguard their operations in the event of a…

The 2023 Africa Cup of Nations (AFCON) begins on Saturday with a challenging match between Ivory Coast and Guinea-Bissau. The 34th edition of the tournament is widely regarded as one of the most competitive in history, with many teams having a realistic chance of winning the title on February 11. One key factor to consider is the unpredictability of the tournament. Here is a summary of each AFCON 2023 group and what to expect. Group A: Ivory Coast, Nigeria, Equatorial Guinea, Guinea-Bissau This group seems clear-cut on paper. Ivory Coast, the host nation, and Nigeria have stronger players than the…