Friday, November 15, 2019
Safaricom Half Year

Investment Analyst Advises Kenyans to Borrow Now After Interest Cap Repeal

What should a common Mwananchi, SME or corporate do at the moment? Borrow now and invest, because at the moment banks are more willing to give loans
Michael Joseph Interim CEO.

Michael Joseph: I Would Need $450 Million to Turnaround KQ

"We did not want to take over KAA. We wanted an equal partnership between JKIA and KQ. We did not want to be nationalized but it is what we needed to be competitive.
KCB takeover from NBK rejected

Commercial Banks Reduce Credit Risk Appetite For MSMEs

However, MSMEs generated revenues worth Ksh.58.3 billion for the banking industry, representing 15.5 percent of the total income generated by the banking industry,
Mobile Finance Loans

Kenya’s Mobile Financial Services Soar at Agency Banking Expense

Kenyans are slowly making the most of mobile money platforms without necessarily going through agency banking, popular for cash deposits, cash withdrawals, and account balance inquiries.
Ajira Digital Program

Government Intros Income Tax For Ajira Program Beneficiaries

the government had proposed that the youth registered in the program should pay a registration fee of ten thousand Kenya shillings for the next three years in lieu of income tax with effect from 1st January 2020
Digital Economy taxes

Finance Bill Targets Digital Markets With VAT

The Act has amended the Income Tax Act (ITA) and the Value Added Tax Act (VAT Act) to clarify and broaden the scope of VAT and Income Tax in the sector.

This Kenyan Ecommerce Company Lets Budding Entrepreneurs Have their Cake and... has a platform that helps businesses set up their own shop online for deliveries both locally and internationally and receive payment across different platforms has cut for itself.  

Competition Authority Faults KRA for Alcohol Price Fixing

KRA issued a seven-day notice for compliance with the minimum price order, requesting the companies to adjust the prices in the current and subsequent tax returns to reflect the correct price
Private Sector

Delayed Payment Of Arrears Hampers Private Sector Activities

To ease the pressure, firms raised employment at a solid rate in the month. They also increased their stocks of purchases while competition among suppliers remained steadfast.
Uncapped interest

Legislators Uphold Uncapped Interest, Leave SMEs at the Mercy of Banks

Once the President has signed the Finance Bill, new interest rates charged on loans will be left to the discretion of banks,

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