Category: Finance

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…

EGYPT BOOST KENYA COVID-19 KITTY

EGYPT BOOST KENYA COVID-19 KITTY By Patrick Mwaura Commercial International Bank (CIB) of Egypt has joined the fight against the Covid-19 pandemic in Kenya and is making US $100,000 donation to the Kenya Covid-19 Emergency Response Fund. CIB is responding…

KCB MORTGAGE CLIENTS TO GET HOSPITAL CASH BENEFITS

KCB MORTGAGE CLIENTS TO GET HOSPITAL CASH BENEFITS By Ednah Kiarie Kenya Commercial Bank Kenya customers holding residential mortgages will now be entitled to a cash benefit should they contract COVID-19 and are hospitalized. This follows a deal between KCB…

SBM BANK KENYA PROFIT HITS THE ROOF

SBM BANK KENYA PROFIT HITS THE ROOF By Douglas Muriithi SBM Bank (Kenya) Limited has reported a 7.7% increase in operating income year-on-year, resulting to a profit before tax of Kshs. 66 Million for the first quarter of 2020. The…

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