Category: Business

TALA LAUNCHES 605M REBUILD FUND

TALA LAUNCHES 605M REBUILD FUND By Donald Kogai Tala announced the launch of 605 million Kenya shillings COVID-19 Rebuild Fund to bolster Kenyan businesses and communities. The Fund, which Tala plans to grow through additional funding and partnerships, will prioritize…

KENYA REVENUE AUTHORITY AMEND TAX LAWS

KENYA REVENUE AUTHORITY AMEND TAX LAWS By Mercyline Omware Kenya Revenue Authority (KRA) has amended tax laws contained in Legal Notice No. 35 of 2020 and Business Laws (Amendment) Act, 2020 in line with the measures taken by the government…

A COVID-19 SAFE RIDER LAUNCHED BY SAFE BODA

A COVID-19 SAFE RIDER LAUNCHED BY SAFE BODA By Leah Waweru SafeBoda, Africa’s biggest motorcycle rider hailing company has flagged off its 25,000th rider in Nairobi as the company clocked 100,000 safe rides daily. SafeBoda began its operations in Uganda…

REPRIEVE TO M-SHWARI CLIENTS

cfREPRIEVE TO M-SHWARI CUSTOMERS By Douglas Muriithi NCBA Group PLC and Safaricom introduced measures following the Government of Kenya directives in support of the collective efforts to manage the socio-economic impact of coronavirus (COVID-19), in the country. In a show…

BREWERS AND CLIENTS CRY FOUL OVER SHUTDOWN

BREWERS AND CLIENTS CRY FOUL OVER SHUTDOWN By Trudy Natabona Alcohol beverage manufacturers have asked county governments to be considerate as they implement measures to limit the spread of the coronavirus (COVID-19) in Kenya and avoid actions that would result…

DRIVE TO RAISE 30B FOR CUSTOMER SUPPORT IN COVID-19

DRIVE TO RAISE 30B FOR CUSTOMER SUPPORT IN COVID-19 By Donald Kogai Kenya Commercial Bank and Safaricom committed to support customers in financial distress, making available more affordable lending and cutting transaction costs on mobile as part of the measures…

BUSINESS COMMUNITY SETUP ACTION PLAN

BUSINESS COMMUNITY SETUP ACTION PLAN By Donald Kogai The business community under the umbrella of the Kenya Private Sector Alliance (KEPSA) has set up a Business Action platform team and is developing in the next two days a business COVID-19…

GROCERY CHAINS NOW ADAPTING TO CAPTURE NEW MARKETS

GROCERY CHAINS NOW ADAPTING TO CAPTURE NEW MARKETS By CNN (in partnership with African Times)   With an increasing demand for customer- centric service and changing customer behavior, Kenyan supermarkets are having to redesign and rethink their strategies in order…

KRA WARNS TAXPAYERS AGAINST VAT FRAUD

KRA WARNS TAXPAYERS AGAINST VAT FRAUD By Mercyline Omware Traders who fail to make full and accurate disclosure of all taxable transactions including Value Added Tax (VAT) shall liable for prosecution, Commissioner for Domestic Taxes Ms. Elizabeth Meyo has warned….

KENYA COMMERCIAL BANK GROUP PROFITS SHOOTS UP

KENYA COMMERCIAL BANK GROUP PROFITS SHOOTS UP By Wambui Odhiambo Kenya Commercial Bank Group profit has shot up in the year 2019 after Tax return up 5% to 25.2 billion Kenya shillings. Improved Profitability and shareholder returns driven by loan…

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