Economy

EconomyNews

Ndiinomics: How Kenya wants to reap without sowing

I missed a part of the most significant intellectual battle in Nairobi when Dr David Ndii emerged from anonymity of X, formerly Twitter, to face his equally formidable peers. I found myself needing to be in two places simultaneously, but fortunately, thanks to Kenya’s industriousness, the event was broadcasted live and became part of the extensive volume of content that the country contributes to the industrial data economy. This achievement was made possible through the foresight of President Mwai Kibaki’s government, which connected Kenya to the world through an undersea cable, enabling the nation to establish its digital prowess and tap into emerging economic opportunities…

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EconomyNews

The last of the 8-4-4 system

Kwisha! The system most of us went through is almost breathing its last. The 8-4-4 system is quickly approaching its conclusion, with the last cohort of primary learners expected to take their final Kenya Certificate for Primary School examinations (KCPE) next Monday. Approximately 1.4 million learners will sit for their Mathematics test on October 30 as Kenya marks its second major curriculum change since transitioning from the 7-4-2-3 system in 1985. This same cohort will sit for their KCSE in 2027 to fully replace the 8-4-4 system and embrace the new CBC system.The system was introduced in 1985 by President Daniel arap Moi, consisting of…

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Economy

What you need to know about Kenya’s new law against dirty money

The Law Society of Kenya (LSK) is now required by the law to report suspicious financial transactions related to lawyers as Kenya steps up the fight against money laundering. According to the 2021 National Risk Assessment (NRA), the legal profession was identified as having a high vulnerability to money laundering. This was primarily due to the abuse of client-attorney privilege and the exclusion of law firms from the category of reporting institutions. By law, lawyers are now obligated to report suspicious transactions when involved in the purchase and sale of real estate or the management of client assets and accounts. They are also required to

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