Kenya’s move to accrual-based accounting is a significant step toward improving financial transparency and governance. This shift represents a modern approach to public financial management, where transactions are recorded when they occur rather than when cash is exchanged. The move offers Kenya several benefits, including better financial reporting and enhanced decision-making processes. However, as with…
FEBRUARY 17, 2026 – A recent study of market concentration showed Binance (one of the world’s largest cryptocurrency exchange) now holding over 60% of all stablecoin reserves on centralized trading platforms. This dominance shows a major consolidation of power and capital within the digital asset ecosystem. According to market data firm CryptoQuant, Binance currently holds approximately $47.5…
Its hard to believe there was a time before everyone had smartphones in Africa? Back then, if you weren’t using cash or trading goods, you were probably relying on postal services for transactions. But now, with the rise of mobile technology, things have changed dramatically, especially in finance. Artificial Intelligence (AI) is the new player…
Curious about the top money market funds in Kenya for December 2023? Here they are! First off, the average daily rate for money market funds in December went up to 12.51% per year, compared to November’s 12.06%. This spike is due to the rising interest rates in government securities, which are a big deal for…
Value Added Tax (VAT) is a form of indirect tax levied on the consumption of goods and services. It is a major source of revenue for most governments including Kenya. Here is a summary that you need to know. Purpose of VAT The primary goal of VAT is to generate revenue for the government. Unlike…
