Last week, the NSE announced that it will introduce day trading in November, allowing investors to trade on a security multiple times a day. The president, upon lifting the curfew, ordered the National Treasury to raise the threshold for cash transaction reporting to favour MSMEs. Regionally, DHL announced that it is closing its e-commerce site eShop and Facebook is now Meta.
Listen to this episode to understand why day trading, a great initiative to deepen the markets, still needs support infrastructures like lower fees to trigger retail activity, why removing barriers to digital transactions would be a better tool to fight money laundering and terrorism finance than large cash transaction reporting requirements, and why Facebook’s new name Meta isn’t enough matte to cover up its privacy violations.
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This episode features:
Mwakaneno Gakweli – Podcast Host and Producer, The Kenyan Wallstreet
Felix Ochieng – Chief Financial Analyst, Hisa