Author: James Wambua
Government laying digital traps to tax virtual music
The word music appears just once in Kenya’s 510-page Economic Survey 2023, perhaps an indication of the loud but minuscule role the segment plays in the country’s economy. Despite its enormous potential, the music industry remains a footnote in Kenya’s economy only featuring lumped under the broad arts, entertainment, and recreation segment. The survey statistics show that the arts, entertainment, and recreation GDP contributed Kes28 million to Kenya’s wealth last year. Although the music industry is struggling in Kenya, signs of success have began streaming in as Kenyan artists push through digital platforms in search of the Afrobeat and Amapiano success, and the taxman cannot…
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Researchers seek global ties to plug economic planning data gaps
Economies around Africa are grappling with poor access to timely, reliable, and credible economic data, a challenge that is frustrating economic policymakers in coming up with development plans. At this year’s African Econometric Society (AFES) forum led by Kenya’s Treasury Cabinet Secretary Prof Njuguna Ndung’u and the African Economic Research Consortium (AERC) Executive Director Prof Théophile Azomahou, speakers called for reliable economic statistics from econometric professionals to inform sound development planning in Africa. Econometrics is an application of statistical methods that uses economic theory, mathematics, and statistical inference to quantify economic phenomena; effectively turning theoretical economic models into useful tools that inform a country’s economic policymaking….
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Liquid unveils 3,800Km Mombasa-DRC fibre link
Liquid Dataport, a business of Liquid Intelligent Technologies has launched its newest fibre route connecting Mombasa on the Indian Ocean to Muanda, a coastal town on the Atlantic Ocean in the DRC. The 3,800km route marks a new era in East-West connectivity on the continent, adding to Liquid’s One Africa Digital Network, which now covers about 110,000Km. The fibre link will be the shortest route connecting East to West Africa and is expected to cut data transmission latency by 20 milliseconds. The Mombasa-Muanda route will help multinationals seeking internet resiliency to avoid the Red Sea and Europe routes, which have become bottlenecks for global internet…
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Towering civil servant Joseph Kinyua takes over as KCB Group Chairman
Dr Joseph Kinyua, who easily passes as one of the most competent and trusted official within government circles in Kenya, has taken over as KCB Group Plc Board chairman. KCB Group Plc Board elected FCS Dr Joseph Kinyua, EGH, as the new Chairman of the Group Board with effect from Friday, May 26, 2023. Since 2013, the towering career civil servant had been serving as the Head of Public Service and Secretary to the Cabinet under former President Uhuru Kenyatta. Dr Kinyua joined the regional lender in March this year when he was appointed to the Board of KCB Group. He takes over as Group…
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