Category: Finance

KENYA REVENUE AUTHORITY WINS OVER 105M

KRA wins Kshs 105.6 million case against Mars Logistics Limited By Samuel Migele The High Court in Nairobi dismissed an appeal by Mars Logistics Limited contesting a charge of Value Added Tax (VAT) on transportation services among other claims. Mars…

KENYAN DIGITAL LENDERS CONDUCT ELECTIONS

DLAK elects new chairperson, sets sights on more consumer education New leadership team to champion initiatives to promote economic recovery. By Donald Kogai Members of the Digital Lenders Association of Kenya (DLAK) have elected Alternative Circle Chief Executive Officer Mr….

I & M THE MOST ATTRACTIVE BANK IN KENYA

I & M THE MOST ATTRACTIVE BANK IN KENYA By Vera Shawiza Cytonn Investments released its Q3’2020 Banking Sector Report, which ranks I&M Holdings as the most attractive bank in Kenya, supported by a strong franchise value and intrinsic value…

CREATOR OF FINGERSPELLING WINS 1M

CREATOR OF FINGERSPELLING WINS 1M By Ednah Kiarie InABLE Awards Kshs 1 Million prize money at the inaugural Digital Accessibility Innovations Award. Hudson Asiema from Kenya developed the Fingerspelling Pro for Kids mobile application, an alphabet game in sign language…

KENYA REVENUE AUTHORITY WINS 1.2B TAX SUIT AGAINST INTERNATIONAL COMMUNICATIONS FIRM

KENYA REVENUE AUTHORITY WINS 1.2B TAX SUIT AGAINST INTERNATIONAL COMMUNICATIONS FIRM By Donald Kogai The Tax Appeals Tribunal has given Kenya Revenue Authority (KRA) a nod to demand and collect Kshs. 1.2 billion in taxes from an international communications firm….

TAX APPEALS TRIBUNAL UPHOLDS KRA’S DEMAND OF 60M TAX

TAX APPEALS TRIBUNAL UPHOLDS KRA’S DEMAND OF 60M TAX By Donald Kogai The Tax Appeals Tribunal (TAT) dismissed a taxpayer’s application to reinstate a tax appeal paving way for Kenya Revenue Authority (KRA) to collect Kshs.60 million from a taxpayer….

DIAMOND TRUST BANK RECEIVES 50 MILLION DOLLARS COVID-19 SME SUPPORT FROM IFC

DIAMOND TRUST BANK RECEIVES 50 MILLION DOLLARS COVID-19 SME SUPPORT FROM IFC By Patience Chemjor Diamond Trust Bank Kenya Limited (DTB) signed an agreement for a $50 million loan with IFC, a member of the World Bank Group, to support…

CORONAVIRUS PANDEMIC EAT KCB HALF YEAR NET PROFIT

CORONAVIRUS PANDEMIC EAT KCB HALF YEAR NET PROFIT By Judith Sidi Adhiambo KCB Group Plc posted KShs.7.6 billion in after- tax profits for the first six months of 2020, marking a 40% decline from the previous year. This was largely…

33M BOOST TO KENYAN COVID-19 KITTY

33M BOOST TO KENYAN COVID-19 KITTY By Ednah Kiarie Kenya Private Sector Alliance (KEPSA), through its Health Sector Board, Kenya Healthcare Federation, KHF, handed over a donation of equipment and materials worth more than KSh33 million to the Ministry of…

KENYA COMMERCIAL BANK DISBURSES OVER 2B DIVIDEND PAYOUT TO KENYAN GOVERNMENT

KENYA COMMERCIAL BANK DISBURSES OVER 2B DIVIDEND PAYOUT TO TREASURY By Donald Kogai Kenya Commercial Bank Group Disburses over 2 billion Kenya shillings Dividend Payout to Treasury for the year ending December 2019, signifying a sustained return to shareholders amid…

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