Struggles To Survive On Sh46,355 A Month In Nairobi
With the rising cost of living, Nairobi can be a challenging place to live considering a majority of people make...
Tax Refund Claims Decrease To Sh12 Billion Despite New Regulations
Despite ongoing efforts to resolve the returns issue, the government still owes Kenyan firms Sh12 billion in tax refunds. According...
Alcohol and cigarettes exempted from tax increases, For the first time in five years
The Finance Bill exempted alcohol and cigarettes from excise duty changes, despite the fact that neither commodity had seen a...
Bank Loan Margins Are Shrink As Deposit Rates Rise
Loan interest margins have shrunk as commercial banks provide higher rewards on fixed deposit accounts to entice large depositors. According...
A Startup Introduces Anonymous M-Pesa Transfers For Discretion
M-Pesa users can now send money on the mobile app while hiding their personal information from the recipient in a...
Absa Receives A Sh3 Billion KMRC Financing For Affordable Housing
The Kenya Mortgage Refinance Company (KMRC) provided loans worth Sh3 billion to Absa Bank Kenya last year for further lending...
State Protects Cement Companies With Clinker Tax
The State is moving in to make imports of the good more expensive, and the proposal to implement a new...
Road Funds Increased By More Than Three Times To Sh239 Billion
The government boosted the budget allotted for road building in the 2018 fiscal year to Sh239.5 billion, giving contractors the...
Additional Taxes To Be Imposed On Fuel, M-Pesa Fees, And Salaries
The Treasury is focused on high earnings, M-Pesa transactions, and fuel consumers in an effort to raise an additional Sh364...
Mobile Money Transfer To Increasing In Cost, As Bank Transfers Get Cheaper
As a result of a tax review, mobile money transfer fees, including those for Safaricom's M-Pesa, are expected to rise,...
Bamburi faces Sh1.2 billion in tax charges from Kenya and Uganda
Authorities in Kenya and Uganda have filed tax claims against Bamburi Cement totaling Sh1.2 billion, but the company maintains it...
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Taxpayers Saves Ksh3.6 billion After Reduced Railway Tariffs
The Railway Development Levy (RDL), which is one of the proposals President William Ruto has emphasized as a key pillar...
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Over 1.9 Million Bank Accounts With More Than $100,000.
In the year leading up to December, the number of bank deposit accounts with a value of above Sh100,000 expanded...
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13 banks with bad financial standing in one year
The number of commercial banks in Kenya with poor financial standing rose to 13 last year as more institutions failed...
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