KRA to Partner with the Banking Industry for Enhanced Revenue Mobilization

Nairobi, Kenya 30th April 2024

Kenya Revenue Authority (KRA) and the Kenya Bankers Association (KBA) are set to benefit from reaffirmed commitment to foster stronger partnerships and streamline processes that drive revenue mobilization. This follows a high-level engagement between the Leadership of the two organizations that emphasized the critical role played by the banking industry and the tax agency in economic development and prosperity of the nation.

During the engagement, KRA Commissioner General Mr Humphrey Wattanga acknowledged the banking sector as a key stakeholder in Kenya’s financial sphere with a significant contribution to revenue. ‘The banking industry contributes about 10% of the total revenue that we collect and we welcome these consultative interactions for better facilitation of the sector,’ he said.

KBA Ag. Chief Executive Officer Mr Raimond Malonje reiterated KBA’s commitment to contribute to Kenya’s economic growth and support the Government in fulfilling its mandate to the people. He further added that the banking industry would collaborate with KRA to unlock any bottlenecks within the ecosystem to drive revenue growth.

KRA and KBA have previously collaborated in technical expertise and research assistance during the development of the 2022 Total Tax Contribution studies where 39 banks participated.

The Leadership engagement draws from KRA’s service-focus approach whose key objective is to enhance efficiency of the tax administration, through technology driven service delivery and tax base expansion. Through these engagements, KRA envisions a conducive environment for businesses while advancing its mission to modernize tax administration through innovative, user-friendly, and technology-driven solutions.

KRA remains committed to collaborate and continues to engage with stakeholders for enhanced compliance and service support.

Huawei Advocates for Inclusive Connectivity at Connected Africa Summit

Nairobi, April 30, 2024 –  Huawei Kenya is advocating for inclusive connectivity to accelerate national digital transformation

Speaking at the Connected Africa Summit 2024 held in Nairobi last week, Vice President of Huawei Sub-Sahara Africa Mr. Wan Wei highlighted the importance of building network & cloud infrastructure to drive economic growth, social progress, and sustainable development across the continent.

He also presented a proposal for ubiquitous intelligent connectivity networks combined with cloud-based data driven innovation to enable inclusive intelligent service.

“Beyond mere connectivity, such infrastructure holds the key to enhancing social welfare, fostering innovation, promoting economic competitiveness, facilitating regional integration, and ultimately advancing the sustainable development agenda in Africa. It is not just a means to an end, but an end in itself, capable of enriching the lives and well-being of all people,” Mr. Wei said.

Mr. Wei provided insights on policy and technical measures to build low-cost rural mobile networks and speed up fibre-optic networks to ensure high-speed broadband for all people, all homes, all businesses, and all institutions. He highlighted the regulatory interventions that can help, such as lower cost wayleaves, tax incentives for investment, infrastructure sharing between power and telecoms infrastructure and lower taxes for affordable devices.

“Through our collective actions and shared commitment, we aim to lay a solid foundation for Africa’s digital future, positioning our continent at the forefront of the global digital revolution. Let us work together diligently and purposefully to build a digital ecosystem that not only empowers our economies but also uplifts our societies and enhances the quality of life for all citizens across Africa. Through the strategic development of Network and Cloud infrastructure, we pave the way for a brighter and more prosperous digital future for our continent,” he said.

Huawei’s exhibition at the Summit included sharing insights on how to speed up the roll-out of fibre-optic networks and lower the build-out costs though technology innovations such as Quick-ODN as well as regulatory interventions, such as the new Building Code that is being reformed to “ensure all new buildings are fibre-optic-ready” as His Excellency President Ruto highlighted in his opening remarks at the Summit. This includes common ducting outside and inside buildings that telecoms companies can use to quickly and easily run their cables into, manholes and easy-access points for engineers to use to connect fibre and run it into properties as well as maintain it, and the provision of equipment rooms or spaces in buildings.

MOST WEALTHY KENYANS CONSIDER HOME COUNTRY BEST FOR BUYING MULTIPLE HOMES NEW REPORT BY KNIGHT FRANK

Clive Ayuko

Nairobi, Kenya 30th April 2024

Most of the High Net worth Individuals in Kenya – persons who purchase homes in with prices valued at US dollar 1 million and above- consider the country as the most ideal location for purchase or ownership of 1st, 2nd, 3rd and subsequent homes.
This according to the the 2024 Annual Wealth Report by the global property consultancy Knight Frank LLP.
The report which derived it’s finding from interviews with private bankers and wealth advisors based in the country also found out that most of the High Net worth Individuals HNWI hold 60 percent of their wealth in home ownership, with 30 percent of these individuals purchasing a home in 2023 with the same 30 percent also planning to buy a home in 2024.

According to the International Monetary Fund IMF Kenya’s Gross Domestic Product GDP projected to grow at an average of 5 percent well above the global average of 3.1 percent and 4.2 percent for world developing and emerging economies a situation which the CEO of Knight Frank Mr. Mark Dunford Kenya Offices said is bringing a resurgence of HNWI’s buying Kenyan property. This to include second and third home purchases in addition to commercial property investments.

Additionally Mr Dunford who was speaking at the Capital Club in Westlands Nairobi argued that most Wealthy Kenyans have taken a step back from investing in foreign countries in favor of investing more money in the country.

Huawei Introduces a series of products and solutions for Wi-Fi 7 campuses.

Nairobi Kenya, 29th April 2024: Huawei introduced a series of products and solutions for Wi-Fi 7 campuses, production networks in the power and transportation industries, and smart home networks, during Huawei Kenya IP & OptiX Club 2024 held in Nairobi under the them  “F5G Advanced, the Foundation for Industry Intelligence”.

Huawei IP & OptiX Club is a platform for IP and optical technology exchanges among industries. It is organized to facilitate the exchange of ideas on the latest solutions, as well as share Huawei’s best practices worldwide. In addition, future trends of the IP and optical industry are also discussed. This year, customers from the Government, Transportation, ISP, Finance, Energy and Commercial industries attended the event to discuss the innovative applications of IP communication, optical fiber communication and optical fiber sensing in their respective industries.

“Our Value proposition is that Huawei invests heavily in our Research and Development (R&D) producing high quality solutions. Our Company is customer focused in approach and we are committed to always improving customer experience. We look forward to continue working with our customers and partners in delivering our innovative and reliable solutions.”  Kevin Wenkai, Managing Director, Huawei Eastern Africa Enterprise said.


Speaking at the event ICT Director, MOIC & DE Mr. Loyford Murithi, congratulated Huawei for the investment the Company continues to make in Kenya and its  continued partnership with the ICT ministry.

“At the Connected Africa Summit, Huawei introduced the future technology development trend in the network and transmission fields. AI will accelerate network intelligence. Advanced technologies such as digital maps will greatly improve network O&M efficiency. fifth-generation fixed network (F5G), fgOTN and 50G PON, those new transmission technologies will speed up fiber to home, to enterprise, to machine, and to computing, building accurate sensing and ultra-broadband, deterministic networks for industries. I wish to thank Huawei for the investment it has and continues to make in Kenya and in its people. We are looking forward to the success of these products and solutions in the Kenyan market and beyond,”  Mr Murithi said.

The essence of intelligent transformation is to provide more intelligent digital services, thereby helping various industries improve efficiency and productivity. Network quality affects the quality of digital services. Thus, in intelligent transformation, improving network quality is the key for improving digital productivity.


Huawei is at the forefront of Kenya’s ICT landscape, pioneering innovative solutions and driving digital transformation across the nation. We are committed to bringing digital to every person, home and organization for a fully connected world To this end, we will drive ubiquitous connectivity and promote equal access to networks that lay the foundation for a digital Kenya and the world. We hope to continue building long-term relationships with you, in both the private and public sector.

Faulu Bank and Tuk Tuk Operators Network Collaborate to Provide Loans for Three-Wheeler Vehicles

NAIROBI, Kenya, 29 April 2024 – Faulu Bank, a leading financial institution committed to inclusive finance, has announced a groundbreaking partnership with the Tuk Tuk Operators Network to offer loans for three-wheeler vehicles. This partnership aims to empower individuals and members of the Tuk Tuk Operators Network by providing them with accessible financing options for entrepreneurship in the transportation sector.

The partnership between Faulu Bank and the Tuk Tuk Operators Network marks a significant milestone in promoting economic empowerment and fostering financial inclusion within communities. By leveraging Faulu Bank’s expertise in financial services and the Tuk Tuk Operators Network’s deep understanding of the transportation industry, the collaboration seeks to address the financing needs of aspiring entrepreneurs and members of the association.

Through this partnership, individuals and the network members will have access to tailored loan products designed specifically for the acquisition of three-wheeler vehicles, commonly known as tuk tuks. These loans will enable entrepreneurs to enter the transportation sector, expand their businesses, and contribute to local economic development.

“We are thrilled to partner with the Tuk Tuk Operators Network to extend loans for three-wheeler vehicles,” said Justus Kittony, Head of Business Growth & Bancassurance at Faulu Bank. “This collaboration reflects our commitment to providing inclusive financial solutions and empowering individuals to achieve their entrepreneurial aspirations. By working together, we can unlock new opportunities for economic growth and prosperity.”

“The partnership with Faulu Bank represents a significant milestone for the Tuk Tuk Association and our members,” said Vincent Were, Lead of the Tuk Tuk Operators Network. “Access to financing has been a longstanding challenge for aspiring tuk tuk operators and the network. Through this collaboration, we aim to overcome these barriers and empower entrepreneurs to thrive in the transportation industry.”

Faulu Bank and the Tuk Tuk Operators Network are committed to ensuring that individuals and the network members receive the support they need to succeed in their entrepreneurial journey. By providing accessible financing options for three-wheeler vehicles, the partnership aims to drive economic growth, create employment opportunities, and foster sustainable development within communities.

Art Master Africa Returns for its Sixth Edition, Igniting Creativity Across the Continent

Nairobi, Kenya – April 22, 2024: BIC, a global leader in stationery, lighters, and shavers, has set the stage for the eagerly awaited return of its flagship art competition, Art Master Africa. Now in its sixth edition, the competition beckons creatives from across the region to breathe life into the theme of Ubuntu (One Africa) using the iconic BIC ballpoint pen.

Artists are invited to submit their interpretations of unity and interconnectedness within Africa, encapsulating the essence of Ubuntu through their artistic lens. With submissions open since April 19, participants have a three-month window to craft their masterpieces before the judging panel deliberates and unveils the winners in the final quarter of the year.

In a celebration of creativity and cultural richness, BIC will reward the first, second, and third place winners with prizes of $2,000, $1,000, and $500 respectively. Additionally, nine outstanding artists from across the region will be acknowledged and awarded for their exceptional contributions.

The selected artworks will not only receive recognition but will also be showcased across various platforms, including the newly launched Art Master Africa Metaverse Gallery, transcending geographical boundaries to amplify African talent on a global scale.

Gregory Alibaux, Art Master Africa custodian and Marketing Director for Middle East and Africa at BIC, expressed his enthusiasm for the competition’s evolution, stating, “We are thrilled to launch the highly anticipated Art Master Africa competition once again. This platform continues to empower artists and creatives, fostering self-expression and innovation. This year, with the introduction of the Art Master Africa metaverse gallery, we are breaking new ground and showcasing African artistry to the world.”

Originating in 2017 in South Africa, Art Master Africa has grown into a cultural phenomenon, captivating the imaginations of artists across the Middle East and Africa. Each year, a theme is unveiled, challenging creatives to push the boundaries of their artistic prowess using the humble BIC ballpoint pen. With over 6,000 participants to date, the competition remains a beacon of creativity and cultural exchange.

For aspiring artists and enthusiasts alike, Art Master Africa beckons as a canvas of limitless possibilities, beckoning individuals to unleash their creativity and weave the tapestry of Ubuntu through the strokes of their pens. For more details and to submit your masterpiece, visit Art Master Africa.

Private Sector Urges Ethical AI Framework Amidst East Africa’s Digital Transformation

Nairobi, April 19, 2024 – As East Africa accelerates its digital evolution, the private sector is championing the need for an ethical Artificial Intelligence (AI) framework to guide the region’s technological advancement. At the ‘Digital Transformation in East Africa Conference,’ industry leaders emphasized the imperative of responsible AI adoption, culminating in a call for the establishment of an Artificial Intelligence Advisory Council.

Bringing together over 50 global thought leaders and more than 1000 delegates from 24 countries, the conference, organized by the Aga Khan University, served as a platform to address the challenges and opportunities presented by the digital era. Amidst discussions on sustainable development and environmental conservation, the necessity of ethical AI surfaced as a paramount concern.

The proposed Advisory Council aims to unite local and international experts to craft guidelines ensuring the ethical utilization of AI technologies across various sectors. This initiative seeks to foster innovation while safeguarding privacy, respecting human rights, and promoting sustainable development practices.

Acknowledging the pivotal role of government in steering technological progress, Hon. Musalia Mudavadi’s representative, Principal Secretary Aurelia Rono, affirmed the government’s commitment to facilitating the adoption of new technologies. Rono expressed eagerness to integrate the conference’s recommendations into legislative agendas, underscoring the importance of collaboration between public and private sectors.

Dr. Sulaiman Shahabuddin, Vice Chancellor of Aga Khan University, commended the government for creating an enabling environment conducive to digital innovation. He emphasized the symbiotic relationship between governmental support and private sector dynamism, essential for propelling Kenya to the forefront of Africa’s digital landscape.

Highlighting the transformative potential of technology in healthcare, Rashid Khalani, CEO of Aga Khan University Hospital, Nairobi, shared insights into the implementation of an Electronic Health Records system. This system promises to enhance patient care, streamline operations, and facilitate localized research efforts across Africa and Asia.

Distinguished speakers, including Ministry of Information, Communications, and the Digital Economy Cabinet Secretary Hon. Eliud Owalo and Google’s Vice President Vint Cerf, underscored the pivotal role of technology in driving socio-economic development. With luminaries from various sectors lending their expertise, the conference marked a pivotal moment in East Africa’s digital journey.

As East Africa navigates the complexities of digital transformation, the resounding call for an ethical AI framework echoes a commitment

Demystifying the Kenya Bureau of Standards: Your Guide to Quality Assurance Excellence

Hey there, curious minds! Have you ever wondered what’s behind the magic curtain of quality assurance in Kenya? Well, buckle up because we’re about to take you on a whirlwind tour of the Kenya Bureau of Standards (KEBS) and uncover the secrets to ensuring safety, reliability, and excellence in everything from your morning coffee to your favorite gadgets.

The Mystery of Quality Assurance: Picture this: You’re strolling down the supermarket aisle, eyeing that tantalizing array of products. But amidst the sea of options, how do you know which ones are safe, reliable, and worth your hard-earned shillings? That’s where the Kenya Bureau of Standards swoops in as your trusty superhero, ensuring that what you see is what you get – no nasty surprises included.

The Objection Handling: Now, I know what you’re thinking – “But aren’t standards just another bureaucratic headache?” Trust me, I hear you loud and clear. The thought of endless regulations and red tape can send anyone running for the hills. But here’s the scoop – KEBS isn’t here to rain on your parade; it’s here to level the playing field and safeguard your interests. By setting clear guidelines and enforcing compliance, KEBS ensures that both businesses and consumers can thrive in a fair and transparent marketplace.Opening Loops: So, how exactly does KEBS work its magic? It all starts with a deep dive into the world of standards.

Whether it’s testing the safety of your favorite snacks, certifying the quality of construction materials, or regulating the efficiency of energy-saving appliances – KEBS has its finger on the pulse of nearly every aspect of our daily lives. But here’s the kicker – standards aren’t set in stone; they’re a dynamic, ever-evolving beast shaped by feedback, research, and technological advancements.Solving the Puzzle: Step 1: Get Educated – Familiarize yourself with the role and scope of KEBS in ensuring product safety and quality. Dive into their website, attend workshops, or simply reach out to their friendly team for guidance.Step 2: Look for the Mark – Keep an eye out for the iconic diamond-shaped KEBS mark on products. This little badge of honor signifies that the product has undergone rigorous testing and meets the highest standards of quality and safety.Step 3: Speak Up – Have a concern about a product’s quality or safety? Don’t hesitate to report it to KEBS. Your feedback plays a crucial role in helping them identify and address potential issues before they escalate.Step 4: Stay Informed – Stay tuned to KEBS updates and announcements to stay abreast of the latest standards and regulations. After all, knowledge is power, and being informed is your best defense against subpar products.Conclusion: And there you have it – the inside scoop on the Kenya Bureau of Standards and how it’s working tirelessly behind the scenes to ensure your peace of mind and safety. So the next time you reach for that pack of cookies or that new gadget, remember to give a nod of appreciation to KEBS for keeping our standards sky-high. Here’s to a future filled with safe, reliable, and top-notch products for all!

Kenya ICT Week and KUZA Awards Unite to Champion Innovation and Sustainability in Digital Sector

Nairobi, Kenya 17th April 2024

In a strategic alignment aimed at elevating the digital landscape in Kenya, the forthcoming 7th edition of the KUZA Awards will merge with the prestigious Kenya ICT Week. This amalgamation, announced amidst anticipation within the tech community, signifies a unified effort to spotlight innovation and sustainability in the country’s digital sphere. Sc

Scheduled at the tail end of  Kenya ICT Week, the KUZA Awards will adopt the theme of “Innovation for a Sustainable Digital Future.” This thematic focus underscores the pressing need to harness technological advancements while ensuring long-term environmental and social sustainability.

The fusion brings together an impressive array of award categories, reflecting the multifaceted nature of the digital sector. From acknowledging excellence in Broadcast Regulatory Compliance and Subscription Management Services to honoring pioneers in Cybersecurity and Green ICT, the awards encompass critical facets of the industry’s evolution.During the launch, the Corporate Director at the Communications Authority M Christopher Wambua underscored the significance of this collaborative initiative. By integrating the Kenya ICT Week with the esteemed KUZA Awards, the event aims to amplify the spotlight on Kenya’s technological achievements while fostering collaboration and knowledge exchange among industry stakeholders.

Of notable mention are specialized recognition categories such as the Lifetime Achievement Award, designed to honor individuals whose contributions have left an indelible mark on the tech landscape. Additionally, the awards will spotlight initiatives dedicated to Child Online Protection and Women in Tech, underscoring the importance of inclusivity and diversity in driving innovation forward.As the digital arena continues to evolve, initiatives like the amalgamation of the Kenya ICT Week and the KUZA Awards serve as catalysts for progress. Through this unified platform, stakeholders are poised to celebrate achievements, share insights, and chart a course towards a future characterized by innovation, sustainability, and inclusivity.

Caprice Wine Launches ‘Unbox the Flavour’ Campaign, Embracing Kenya’s Growing Wine Market

KWAL’s Caprice Brand Targets New Generation of Wine Enthusiasts with Versatile Pairing Options

Nairobi, Kenya – April 15, 2024: Caprice, a wine brand under Kenya Wine Agencies Limited (KWAL), has unveiled its latest campaign, ‘Unbox the Flavour,’ designed to showcase the brand’s versatility in pairing with various meals and tap into Kenya’s burgeoning wine market.

The campaign aims to engage both new wine enthusiasts and seasoned connoisseurs by highlighting different ways to enjoy Caprice wine, including pairing it with local dishes, incorporating it into cooking, and using it in cocktail recipes.

Jonas Geeraerts, KWAL’s Commercial Director, expressed excitement about the initiative, stating, “We’re thrilled to introduce an initiative that resonates with a new generation of wine consumers. This campaign aims to unlock and ignite a passion for wine exploration among consumers who appreciate experimentation and innovation. As the Kenyan wine market evolves, consumers are increasingly open to new and exciting ways of enjoying their favorite beverage. We invite our consumers to explore the new experiences that Caprice wine brings to the Kenyan market.”

Dr. Senorine Wasike, KWAL’s Marketing Manager, emphasized the unique opportunity presented by Kenya’s changing lifestyle trends, growing wine market, and expanding middle class. “Caprice Wine is strategically positioned to enlighten and empower wine enthusiasts, enhancing the overall wine experience and showcasing the versatility and convenience of tetra wine,” said Dr. Wasike.

Available in 1-liter tetra packs, Caprice wine offers four distinct variants: sweet red, sweet white, dry red, and dry white, catering to a wide range of consumer preferences. The wine is readily accessible in leading retail outlets across the country.

Caprice wine has evolved over the years to adapt to changing consumer tastes and preferences, demystifying the world of accessible wine and offering an exceptional experience combining quality and innovation. The ‘Unbox the Flavour’ campaign aligns with KWAL’s objective to solidify its position as an industry leader in Kenya’s growing wine consumer market.