Browsing: Kenya

With so many more mouths to feed every year, the World’s ambitious Sustainable Development Goals, particularly on poverty eradication and ending hunger, seem further away than ever before.

The trend is global, and on October 16, 2021, the UN admitted and warned that the global fight against hunger is being lost.

With the warning, the UN called for action to improve food security for the world’s most vulnerable people, African coming on top of that list. For a place that relies so heavily on substantial farming for a livelihood, Africa faces a most daunting reality, clear forests to farm, lose potential output.

In Tanzania, the Fair Competition Commission (FCC) is responsible for promoting and protecting effective competition in trade and commerce as well as protecting consumers from unfair and misleading market conduct.

Without such an entity, companies use false advertising to capture markets, mergers of large firms occur undermining smaller businesses unfairly and the end-user, the consumer, is put at threat.

It is for this reason that Tanzania has recently passed the Fair Competition Order which sets out the thresholds for mergers that should be reported to the Fair Competition Commission (the FCC). In this most recent Order, Tanzania moved the merger notification threshold from USD 360,000 to USD 1.6 million.

Protectionism and non-tariff barriers persist between the two countries countries have varying processes which seriously delays the movement of goods…

Traders holding the Cardano token will obtain loans of up to 70 per cent of the ADA tokens they hold.…

The hydropower project is worth an estimated US$1.3 billion that will see Ethiopia import 400 Megawatts of power annually. The…

On October 14, 2018, the Kenya Space Agency (KSA) presided over the launch of a 1U nanosatellite, Kenya’s first space mission. The event took place at Konza Technopolis, a large technology hub planned on the outskirts of Kenya’s capital, Nairobi.

At the launch, some five Kenyan top universities competed for top position each presenting its own satellite model with the primary payload being a low-resolution camera.

The competition was meant to see which university’s satellite camera would be able to perform remote sensing applications. The project primarily focused on using satellites to provide imagery for crop monitoring to assist in smart agriculture.

Cashlet has been developed by Sycamore Capital Ltd, and it works in partnership with regulated fund managers in Kenya, to allow users to invest in unit trust products in simple, fully digital, and modern way.

The initial partner fund managers include ICEA Lion Asset Management, Old Mutual, and Genghis Capital.

The app seeks to pioneer saving and investing flexibility, life goals creation and tracking, market interest rates, financial visibility, and expert support.

Pyypl uses advanced Artificial Intelligence (AI) and Machine Learning (ML) for regulatory compliance, Anti Money Laundering (AML), and Counter-Terrorism Financing (CTF).

The platform also conducts real-time Politically Exposed Persons (PEP) and sanctions (both country and individual) screening against the latest and historical UNSC, USDT, FATF, OFAC, and EUCFSF records, as well as all local databases.

Fintech startups in Africa have continued to gain a lot of attention from investors who have been pouring billions of dollars to support the industry. 

In the past decade alone, there has been a proliferation of new means of digital payment that to a great extent has brought about financial inclusion in a way that traditional platforms like banks and money lenders couldn’t.

It is the introduction of these new non-bank financial services providers generally referred to as FinTechs that has conjured the need for digital financial services regulations. Towering above FinTechs are Mobile Network Operators (MNOs), commanders of the Digital Financial Services market.

MNOs were lucky enough to find a ready and defined market to usurp. MNOs already had an existing client base and an enormous network of agents that were using their mobile telecom services for texting and calling.

Learning poverty is costing African young learners dearly Median international school fees in Africa span from US$4000 to US$10000 in…