Adonijah Ndege

3 weeks ago | techcabal.com | Adonijah Ndege

Kenya is proposing to scrap tax breaks on employee stock ownership plans (ESOPs) for early-stage startups, a move that risks gutting one of the few incentives left to attract talent in a sector struggling to raise capital and make payroll. Under the Finance Bill 2025 proposal, the government wants to remove a provision allowing employees at eligible startups to defer taxes on stock received in place of salary.

3 weeks ago | techcabal.com | Adonijah Ndege

The Competition Authority of Kenya (CAK) has cleared Nigerian fintech Moniepoint to acquire a 78% stake in Sumac Microfinance Bank, paving the way for its entry into the country’s tightly regulated banking sector. The deal comes barely five months after Moniepoint’s earlier attempt to buy payments firm KopoKopo fell through.

3 weeks ago | techcabal.com | Adonijah Ndege

Kenya is preparing to move critical health data currently hosted in the United States following President Donald Trump’s cuts to the United States Agency for International Development (USAID) funding. The Ministry of Health Cabinet Secretary Aden Duale announced the planned shift during remarks at the World Health Assembly in Geneva on May 25. The shift would see a range of digital health systems, currently hosted on US-based infrastructure, moved to local servers.

4 weeks ago | techcabal.com | Adonijah Ndege

Equity Group, Kenya’s second-biggest bank by assets, has fired more than 1,200 employees in a sweeping internal purge to crack down on fraud, CEO James Mwangi said on Wednesday. This marks one of the largest anti-fraud moves by a Kenyan bank in recent years. The mass dismissal follows a months-long internal investigation into staff collusion with fraudsters, which has cost the bank more than $1.5 million (KES 2 billion) over the past two years.

1 month ago | techcabal.com | Adonijah Ndege

Cape Verde is placing a bold bet that a small, stable island nation can punch far above its weight in the digital economy. At the heart of this ambition is the , which the government hopes will become a launchpad for startups, an investment magnet for global tech firms, and a symbol of how agility can outpace scale. The investment is audacious for a country of just over half a million people, whose total national budget is less than $1 billion.