Category: Finance
FAMILY BANK PROFIT INCREASES TO 2.3B BEFORE TAX IN THE FIRST HALF OF 2022
FAMILY BANK PROFIT INCREASES TO 2.3B BEFORE TAX IN THE FIRST HALF OF 2022 By Grace Wangari Family Bank Group posted a KES. 2.3 billion Profit Before Tax in the first six months of 2022. This is a remarkable 37.4…
KENYAN WOMEN ENTREPRENEURS GO THROUGH HELL ACCESSING FINANCES FROM BANKS
KENYAN WOMEN ENTREPRENEURS GO THROUGH HELL ACCESSING FINANCES FROM BANKS By Dominic Kirui Business Advisory Service Providers (BASPs), Financial Institutions (FIs), business executives, international investors, senior government officials, and multilateral stakeholders held a workshop to discuss access to finance by…
PESAPAL UGANDA LICENSED BY BANK OF UGANDA
Pesapal Uganda Licensed by Bank of Uganda By Donald Kogai Pursuant to the National Payments Systems Regulation, 2021, Pesapal Uganda received a Payment System Operator license from the Bank of Uganda. Pesapal has been at the forefront of the Digital…
KENYANS IN DIASPORA SEND OVER 24B THROUGH WORLDREMIT MONEY TRANSFER IN JUNE YEAR 2022
Kenya is one of our top 3 markets in Africa, WorldRemit says. “The London based global payments company released data showing the amounts its users globally sent this year to different countries around the world as of June 1st” By…
WAYS TO STOP ONLINE PAYMENT FRAUD
Merchants Challenged to Integrate Payment Gateways to Prevent Online Payment Fraud. “Pesapal outlines leading-edge fraud management tools to safeguard customers” By African Times News Correspondent Businesses within the Country have been challenged to incorporate fraud detection tools as more transactions…
I&M GROUP PROFIT INCREASES
I&M Group PLC delivers 33% Profit after Tax growth while investing in regional expansion and digital delivery for its customers. By Lenin Lumumba Regional Financial Services Group, I&M Group PLC has announced an increase of 33% after tax profit for…
FAMILY BANK BOND RECEIVES A SUBSCRIPTION OF 147.3% TO RAISE 4.42 BILLION
FAMILY BANK BOND RECEIVES A SUBSCRIPTION OF 147.3% TO RAISE KES 4.42 BILLION By Beverlyn Naliaka Family Bank bond has raised KES 4.42 billion, marking a subscription of 147.3%, against a KES 3 billion…
DR. FRED MATIANGI’S SECURITY OFFICE TOPS IN THE COUNTRY TAX COMPLIANT
Kenya Revenue Authority recognizes Ministry of Interior for being tax compliant By Donald Kogai Kenya Revenue Authority (KRA) Commissioner-General Mr Githii Mburu handed over a taxpayer’s award to the Ministry of Interior & Coordination of National Government that…
KENYA COMMERCIAL BANK CLIENTS TO SEND AND RECEIVE GLOBAL MONEY TRANSFERS
Kenya Commercial Bank customers to send and receive money through Global money transfers. By Ednah Kiarie KCB Bank Kenya in partnership with Western Union, a leader in cross-border, cross-currency money movement and payments…
KENYA REVENUE AUTHORITY TO COLLECT OVER 6 TRILLION IN THREE YEARS
Kenya Revenue Authority to collect 6.8 trillion in the next three years By Samuel Migele Kenya Revenue Authority (KRA) is estimated to collect Kshs. 6.8 trill ion over the period 2021/22 to 2023/2024 financial years. According t o KRA, through its 8th Corporate Plan whose theme is Revenue mobil isation through tax simplification, technology- driven compliance and tax base expansion, that was launched today at Times Tower, Nairobi, it is expected that the exchequer revenue will rise from Kshs. 1.76 trillion in 2021/22 to Kshs. 2.5 trillion in 2023/24. Through the target revenue collection, the Authority is expected to s ustain an annual average growth of 16.9 per cent over the period in which nominal GDP growth is also projected to grow at 11.2 per cent. …