Opinion

Opinion

Re-writing the rules of finance

Most African countries have a peripheral capitalist economy with limited access to the financial structure. Hence, as the third-world countries work with multinationals with balance sheets multiple times the sizes of their economies, to get financial recourse, most have ended up signing away their countries and their future generations. However, there is a new tune on the continent, fighting multinational corporations on the grounds of exploitation and repression. It is estimated that every year Kenya loses $558 million (Kes 76.9 billion) in one form or another of tax planning. While the practice is not illegal, multinational companies and Western capitals push through favorable tax policies

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Opinion

Violent forced eviction is both traumatic and inhumane to the affected families

Land evictions evokes emotions of powerlessness, humiliation, and despair. Evictions are widespread in Kenya and in cases where the purported grabbers are issued with notice. The government or the bona fide owners of the land in question usually ignore court orders. The uncertainty around land ownership in Kenya is shrouded with corruption where powerful and well-connected individuals colluding with cartels who have vested interest in the land. This is what pains many citizens who feel the land saga was supposed to have been the first to be addressed after independence. Land remains an emotive issue in Kenya and the successive regimes have failed to plan

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Opinion

Media freedom under threat in Kenya Kwanza’s first year in office

A free, objective and skilled media is essential to any democratic society. Freedom of the media plays a crucial role in shaping an open society and expanding the civic space. Time and again, the apex courts around the world, including Kenya, have defended this freedom as the bedrock of democracy. However, media players in Kenya have continued to operate in a more challenging environment, ranging from verbal and physical attacks, harassments, arrests and destruction of their equipment in the first year of Kenya Kwanza’s administration. Media attacks As Kenya Kwanza marks one year anniversary in office, the media marks one year of suffocation and humiliation.

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Opinion

Why M-PESA launch is set to revolutionise Ethiopia, one of Africa’s most populous countries

A recent report by the GSMA dubbed State of the Industry Report on Mobile Money 2023 underscores how mobile money has become a mainstream financial service. The report also highlights the remarkable growth and leadership of mobile money services in Kenya, particularly through the M-PESA platform, with the service recently being rolled out in Ethiopia. M-PESA went live in Ethiopia on August 16th and is expected to transform mobile money services, drive financial inclusion and revolutionise the digital landscape of one of Africa’s most populous countries.  M-PESA in Ethiopia The country has had limited access to formal financial services, with a significant portion of its

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Opinion

The Rise of Coups in Africa is a threat to democracy

Africa has become the home of military coups as it has experienced more coups than any other continent, and no wonder it is said that when a country has one coup, then that often a harbinger of more coups. Coups are notorious in West and Central Africa, and in some parts of Horn of Africa. Sudan has had the highest share of military coups In Africa followed by Burkina Faso and Burundi. African presidents have the habit of manipulating the constitution to eliminate term limits to extend their stay in power and this is what we call Constitutional Coup that more often give birth to

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Opinion

Guarantee formal property rights to the poor and foster local investment

In his lively and astute book, The Shackled Continent (Africa’s Past, Present and Future), Robert Guest opines that in most African countries informal economy is far larger than the formal one. The poor have assets – plenty of them. The failure to extend formal property rights to the bulk of the population is not a uniquely African problem. It is a feature of all poor countries like Kenya.  The president, Dr William Ruto, wanders rich-country capitals, World Bank and the International Monetary Fund begging for aid, investments, and loans. All the while, he fails to notice a much larger source of potential wealth at home.

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Opinion

China’s TikTok faces ban in Kenya after live protest coverage

The government of Kenya supposedly through a proxy is planning to block the access of a popular platform TikTok in the Country.  A petitioner, Bob Ndolo, presented the motion to Parliament arguing that the content being shared on video sharing app TikTok is inappropriate. He is contending that it is promoting violence, explicit sexual content, hate speech, vulgar language, and offensive behavior, and continues to state that it is a serious threat to the cultural and religious values in Kenya.  The state has not just woken to the popular video streaming application that launched over five years ago. Rather it has become more aware of

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