Category: Finance

KCB GROUP LISTS NEW SHARES ON THE NAIROBI SECURITIES EXCHANGE IN NATIONAL BANK OF KENYA TAKE-OVER

KCB GROUP LISTS NEW SHARES ON THE NAIROBI SECURITIES EXCHANGE IN NATIONAL BANK OF KENYA TAKE-OVER By Irene Wambui Odhiambo KCB Group Plc has listed an additional 142,979,717shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the…

THE THIRD LARGEST BANK IN KENYA UNVEILS LOGO

THE THIRD LARGEST BANK IN KENYA UNVEILS LOGO By Douglas Muriithi NCBA Group has unveiled a new logo and tagline (Go for it) as it officially commences operations as the country’s third largest bank by assets. The Central Bank of…

KENYA REVENUE AUTHORITY TO COLLECT 2.3B TAX DEBTS AFTER WINNING A CASE AGAINST DUBAI FIRM

KENYA REVENUE AUTHORITY TO COLLECT 2.3B TAX DEBTS AFTER WINNING A CASE AGAINST DUBAI FIRM By Donald Kogai High Court in Nairobi Kenya delivered a ruling in favour of Kenya Revenue Authority (KRA) in a case filed by a Dubai…

TALA TEMPORARILY STOP LOAN ISSUANCE IN TANZANIA

TALA TEMPORARILY STOP LOAN ISSUANCE IN TANZANIA By Donald Kogai Tala Tanzania has not made a decision to permanently close operations. However, after piloting our credit product in Tanzania, we have paused our lending operations and are undertaking a review…

CAPITAL GAINS TAX COLLECTION IN KENYA GROW

KENYA REVENUE AUTHORITY SENSITISES LAW SOCIETY OF KENYA ON CAPITAL GAINS TAX By Grace Chege Kenya Revenue Authority Capital Gains Tax collection has increased from 635 Million when CGT was manual to over 3 Billion after computerizing the process. Kenyan…

GOVERNOR SONKO MEET KRA TO CLEAR OVER 5 BILLION TAX DEBT

NAIROBI COUNTY GOVERNOR SONKO MEET KRA TO CLEAR OVER 5 BILLION TAX DEBT www.africantimes.co.ke Kenya Revenue Authority (KRA) and the Nairobi City County (NCC) met over the accrued withholding taxes by the NCC amounting to Kshs5.8Billion. KRA had issued summons…

KENYA COMMERCIAL BANK GROUP PUMP OVER 7 BILLION TOWARDS KENYAN WOMEN EMPOWERMENTS

KENYA COMMERCIAL BANK GROUP PUMP OVER 7 BILLION TOWARDS KENYAN WOMEN EMPOWERMENTS By Irene Wambui Odhiambo KCB Group is seeking to deepen its new women proposition, committing billions of shillings towards funding women owned and women run enterprises. The Bank…

TALA RAISES USD 110M IN FUNDING TO FUEL FINANCIAL INCLUSION

TALA RAISES USD 110M IN FUNDING TO FUEL FINANCIAL INCLUSION By Tudy Natabona Tala, the #1 free finance app in the Google Playstore in Kenya announced a USD 110 M series D investment to accelerate financial inclusion around the world….

SEMINAR FOR FINANCE AND ACCOUNTING FOR NONFINANCIAL MANAGERS

SEMINAR FOR FINANCE AND ACCOUNTING FOR NONFINANCIAL MANAGERS By CATHERINE WANJA (FinanceKE@outlook.com) Through a highly successful program, managers with little or no financial training or experience can learn to use the language, tools, and techniques of accounting and finance. Complex…

KENYA COMMERCIAL BANK HALF YEAR PROFIT SHOOTS UNDER TOUGH BUSINESS ENVIRONMENT

KENYA COMMERCIAL BANK HALF YEAR PROFIT SHOOTS UNDER TOUGH BUSINESS ENVIRONMENT By Irene Wambui Odhiambo Kenya Commercial Bank Group Half Year 2019 Net Profit Hits 12.7 Billion Kenya shillings. Growth in the loan book, Increased Mobile channel Activity and Sustained…

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