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HomeDaily NewsFriday, May 22, 2026Industrial Firms Struggle to Turn AI Ambitions Into Real-World Gains - May 2026
Business & Economy3 stories from 2 sources

Industrial Firms Struggle to Turn AI Ambitions Into Real-World Gains - May 2026

A new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing. In a separate development, artificial intelligence is transforming forex market analysis in Kenya, bridging the gap between retail traders and sophisticated financial institutions by offering advanced, data-driven decision-making tools. Kenya's Finance Bill, 2026 proposes reintroducing a 25 percent excise duty on mobile phones, a significant increase from previous proposals, and introduces new taxes on digital content earnings. These stories collectively explore AI adoption challenges across different sectors while highlighting the regulatory environment affecting digital technology access.

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Friday 7:47 AMCapital Business

Industrial firms struggle to turn AI ambitions into real-world gains, report shows

Industrial firms struggle to turn AI ambitions into real-world gains, report shows

A new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing.

Read Story

Key Highlights

A new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing.

  • 74% of senior executives prioritize digital ecosystems, but only 27% report substantial data sharing with partners.
  • The report surveyed over 275 senior executives across 12 sectors globally.
  • Key barriers identified include integration complexity, outdated systems, and weak governance structures, impacting companies in Kenya and worldwide as they navigate operational disruptions and climate pressures.
Friday 5:38 PMCapital Business

The Rise of AI-Powered Decision Making in Forex Market Analysis

The Rise of AI-Powered Decision Making in Forex Market Analysis

Artificial intelligence (AI) is transforming forex market analysis in Kenya, bridging the gap between retail traders and sophisticated financial institutions by offering advanced, data-driven decision-making tools.

Read Story

Key Highlights

Artificial intelligence (AI) is transforming forex market analysis in Kenya, bridging the gap between retail traders and sophisticated financial institutions by offering advanced, data-driven decision-making tools.

  • AI tools can tirelessly monitor currency pairs, economic data releases, and market sentiment 24/7, assisting traders who balance trading with other commitments.
  • Kenyan investors are increasingly adopting these technologies, leveraging smartphones, fast data speeds, and established digital finance platforms like M-Pesa.
  • While AI offers significant advantages by eliminating emotional trading and human error,
Thursday 10:01 PMNation BusinessFirst

Finance Bill, 2026: The phone tax dropped in 2024 reintroduced

Finance Bill, 2026: The phone tax dropped in 2024 reintroduced

Kenya's Finance Bill, 2026 proposes reintroducing a 25 percent excise duty on mobile phones, a significant increase from previous proposals, and introduces new taxes on digital content earnings.

Read Story

Key Highlights

Kenya's Finance Bill, 2026 proposes reintroducing a 25 percent excise duty on mobile phones, a significant increase from previous proposals, and introduces new taxes on digital content earnings.

  • A 25 percent excise duty on mobile phones, impacting both imported and locally made devices upon activation.
  • Key proposals are part of the Finance Bill, 2026, set to take effect on July 1.
  • The bill also includes a five percent tax on digital content earnings and a 20 percent levy on betting winnings.
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