Digital reporting takes root in Africa’s finance sector

Posted on February 3, 2026 by Editor

East Africa is waking up to the power of technology to transform financial reporting. In a piece published on 27 January 2026, Business Daily Africa explored how digital tools are helping firms streamline compliance and sharpen their financial insights, and how Kenya and its neighbours could benefit from wider adoption.

While some firms still approach the shift with caution, the article highlights a global movement already in motion. From the United States to South Africa (Ed: And far beyond!), regulators are embracing XBRL to create structured reports, making financial disclosures faster, cleaner, and more comparable. In response, professional bodies in the region, such as the Institute of Certified Public Accountants of Kenya (ICPAK), are being called upon to upskill their members in data analytics and digital tools.

Better reporting is about going beyond ticking boxes to generate value. With the right tools and training, digital reporting can offer real-time insights, support better governance, and cut through red tape.

The global momentum for XBRL implementation is encouraging. Quality, consistency, and usability are all benefits within reach when regulators, firms, and professionals commit to the digital leap.

Read the article at Business Daily Africa.