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Licensed to track?
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In today’s newsletter: The regulator targets a surge in cybercrime by clamping down on unlicensed tracking services, while the NSE lists its first global equity ETF, giving Kenyan investors direct exposure to developed markets.
I am Brian from The Kenyan Wall Street and these are our day's business stories:
Cracking Down on Unlicensed Tracking Services
As cyber threats surge past the billions, Kenya moves to rein in the unchecked spread of unlicensed tracking services.
By Fred Obura
A regulatory chill has crept into Kenya’s digital sector, as the Communications Authority of Kenya (CA) cracks down on rogue tracking services. Banks, car dealers, and public institutions are being warned; any unlicensed fleet or asset tracker will now be treated as a breach of law, and possibly, a criminal one.
Behind the clampdown is a darker backdrop: cybercrime cases doubled to 3.5 billion last year, with system vulnerabilities leading the charge. The numbers read like something out of a science fiction novel; brute force hacks, mobile app attacks, and malware advisories all spiking in unison.
The Authority isn’t just enforcing rules; it’s sounding an alarm about the risks of a data economy moving faster than its safeguards. In a country increasingly built on surveillance, the question may no longer be whether you’re being watched but who’s licensed to do it. Read more >>>>>
🔄 Change of Guard in WPP Scangroup
By Harry Njuguna & Fred Obura
WPP Scangroup’s CEO Patricia Ithau has exited the listed advertiser, handing interim reins to finance veteran Miriam Kaggwa. The timing is sharp, just months after the firm’s flagship agency lost its Airtel Africa account and posted a deep annual loss. Behind the boardroom blinds, restructuring moves and AI launches collide with investor jitters and an old CEO’s lingering lawsuit. Meanwhile, global parent WPP braces for its own decline. Read more »»»»»
Capital Markets
A New Portal Into Distant Markets
In a market long defined by local constraints, one ETF signals a slow turn toward the world.
By Chelsy Maina
The Nairobi Securities Exchange (NSE) has made another milestone with the listing of its first equity-based global ETF, a move that may matter more than its understated debut suggests. Issued by South Africa’s Satrix and seven years in the making, the fund offers local investors a gateway into global equities, all through a Kenya-based platform.
What it tracks, how it’s built, or even who underwrote it is secondary to what it represents: the slow, deliberate collapse of the wall between domestic capital and international markets. For a market long bound by geography and caution, it’s a notable loosening.
Regulators call it democratization; bankers, a vote of confidence; the rest of us might simply call it overdue. Read more »»»»»
NSE Gainers & Losers
Source : NSE
Opinion
⛱️ Zanzibar, Bali, and the Real Test of Tourism
By Henok Assefa
Zanzibar and Bali. Two islands, both blessed with beauty and history, yet only one has turned paradise into power. While Bali mastered the art of cultural branding and strategic tourism, Zanzibar still drifts in a sea of potential without a compass. The real question isn’t about tourist arrivals, but who owns the upside and who merely serves it. Can Zanzibar leapfrog the mistakes of others and craft a future that locals own? Read more »»»»»»
Also Read…
On your watchlist
This week, TKWS founder Erick Asuma sits down with Former WPP Scangroup veteran Sandeep Madan, Co-founder & CEO of The Partnership Africa.
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