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The method

Every substantial story begins with something visible and asks what larger system is quietly being revealed.

Behaviour beforeAdoption

What customers, merchants and informal operators are already doing that product teams haven't understood.

Infrastructure beforeScale

The rails, standards and identity systems that determine who can build, connect and compete.

Policy beforeEnforcement

Draft provisions and appointments that change the probability of what comes next.

Friction beforeFailure

Where consumers compensate for a system that technically works but practically disappoints.

Power beforePublicity

Who gains control over data, pricing, identity and access when a technical change lands.

Latest Analysis

All analysis
Kenya Plans a New Payments Rulebook. The Hard Part Is Who Controls the Rail.
First Reading.

Kenya Plans a New Payments Rulebook. The Hard Part Is Who Controls the Rail.

Kenya’s draft National Payment System Bill would replace the 2011 law with activity-based licensing, mandatory interoperability, open-finance services and stronger Central Bank powers, while an accompanying policy proposes a national instant-payment switch. But the decisions that will shape competition remain largely unwritten, including who owns the new rail, who gets direct access, what participants pay and how a regulator that may also operate infrastructure separates those roles. Kenya has already digitised payments. It is now deciding who controls the architecture underneath them.

Policy & Regulation · 22 min read

The Safaricom deal was signed before public particpation.
Opinion

The Safaricom deal was signed before public particpation.

The High Court did not invalidate the transaction over one defective meeting. It found that the price preceded the valuation, the contracts preceded parliamentary approval and a transfer of control was presented to the public as an ordinary sale of shares.

Policy & Regulation · 5 min read

Nairobi’s NIFC Is Turning Kenya’s Fintech Advantage Into a Bid for Africa’s Capital Gateway
Inside the Rails

Conversations with the people designing, regulating and operating financial systems

Independent

Nairobi’s NIFC Is Turning Kenya’s Fintech Advantage Into a Bid for Africa’s Capital Gateway

Kenya has long had the market, talent and digital-finance infrastructure to anchor regional capital, but lacked the legal and fiscal architecture that made Mauritius, Dubai and Singapore credible financial centres. NIFC Africa is beginning to close that gap with statutory tax incentives, international recognition and a growing pipeline of certified firms, giving CEO Daniel Mainda a potentially transformative mandate: convert Nairobi’s fintech strength into the institutional infrastructure through which global capital enters Africa.

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