The Central Bank of Kenya (CBK) has vowed to protect Kenyans against predatory lending from digital money lenders. This is following a concern that members of the public may sink into lending during the festive ….
In the past, the power supplier had been providing details on payment of value-added tax, Energy and Petroleum Regulatory Authority (EPRA) levy, inflation adjustment, water regulator fees as well as foreign exchange and fuel adjustment ….
Safaricom followed the lead after KCB Group at 2.24 million shares with a market capitalization of Ksh 1.28 trillion. According to the Nairobi Security Exchange, the banking sector registered minimum profits with other companies recording ….
According to the Central Bank of Kenya, the usable foreign exchange remained adequate at $7,928 million representing 4.87 months of import cover as of November 19. The Central bank of Kenya’s official foreign exchange reserves ….
The Central Bank of Kenya received voluntarily Ksh. 20.2 billion out of Ksh. 21.1 billion with the switch auctions having a subscription of 83 percent. The switch is part of the initiative that has helped ….
Loans that were given through M-Shwari went down by 14.3 percent to sh47.5 billion while KCB M-Pesa loan reduced by 60.1 percent to sh27.3 billion. Digital loan platforms like Fuliza that is under KCB and ….
Counties had been going through a hard time paying their workers salaries and allowances following a standoff by the Senate on the formula of dividing 316.5 billion among the 47 counties. Treasury increased its monthly ….
Former Naivasha Mp Losses Land to Jamii Bora Bank for Auctioning to Settle Outstanding Sh 21.7 Million Debt
A Former Naivasha Mp has been dealt a blow after a high court gave Jamii bora bank a go ahead to auction his land for the recovery of Ksh 21.7 million debt. The former Naivasha ….
According to KPLC’s latest annual report, the heavy consuming industries who account for 54.8% of its revenues have shifted their attention to solar energy. Kenya Power says the latest growth in demand remained at approximately ….
The reduction of corporate taxes from 30 percent to 25 percent by KRA during the covid-19 pandemic has helped Safaricom save 5.7 billion in this period. M-pesa went down by 14.5 percent despite the fact ….
KRA realized a Sh 3.05 billion tax difference of revenue collected within a three-months. Data is takes from taxes payable on income, income per capita, and profits from different enterprises and organizations. Tax collected amounted ….
Standard Investment Bank was licensed in December 2018 to: -Manage its online forex trading investments and to develop favorable strategies for their clients. FXPesa, Pepperstone Market, Scope Market, and Exinity Capital East Africa among low-risk ….
According to KPA, all orders sought by the petitioner who is also a commuter bus service provider, are unmerited and in abuse of court process. Royal Hisham (the plaintiff) seeks to bypass a lawful and ….
Absa group profits decreased by 65% between the months of January and September 2020. The group has since been forced to restructure its loans to a 30% customer loans. Absa Group Customer deposits increased from ….