Mobile Money Transactions Hit KSh 1 Trillion in First 2 Months of 2021
The value of mobile money transactions in Kenya reached KSh1.16 trillion in the first two months of 2021 as more people used mobile money wallets to pay for goods and [...]
National Treasury Exempts KQ from 1% Minimum Tax
The National Treasury has exempted Kenya Airways, alias KQ, from paying the minimum tax set at 1% of gross turnover. This means that the airline will now only pay income [...]
Kenya, in terse response, slaps Restrictions on UK Visitors
The Government has responded to the UK's unilateral restrictions of travel from Kenya by requiring that all passengers from British airports go through mandatory 14-day isolation. This is to be [...]
Kenya Airways Adds 2 Flights to the UK as Travel Advisory Pushes Short Term Demand
Kenya Airways announced two additional flights to the UK to beat the April 9th travel advisory, which has ramped up short term demand to the destination. The airline has added [...]KRA Surpasses March 2021 Revenue Target by KSh 6 Billion
Kenya Revenue Authority (KRA) collected KSh 144.6 Billion, surpassing the March 2021 revenue target by KSh 6 Billion, a performance rate of 105.1% This 11.2% revenue growth is the highest [...]Kenyan Travellers Added to UK COVID-19 Red List
Kenyan travellers and visitors who have been in or transited through Kenya in the previous ten days cannot enter the UK. This travel advisory, however, will not affect British and [...]CBK collects KSh 7.2 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK)accepted KSh 7.2 Billion from T Bills worth KSh 24 Billion offered at the Weekly Auction held on Wednesday 31st March 2021. The low-performance rate of [...]IMF Approves 3-Year US$2.34 Billion Package for Kenya
The International Monetary Fund (IMF) on Saturday announced that its Executive Board has approved a three-year credit facility for Kenya amounting to US$2.34 billion to support the country's next phase [...]
Total Kenya's Profit Soars 30% to KSh 3.3 Billion
Total Kenya's net profit for the year 2020 rose by 30% to KSh3.3 billion from KSh2.5 billion in 2019, despite a turbulent year. The company's revenue from the sale of [...]CMA places huge fines on Real People Kenya Limited Directors
The Capital Markets Authority (CMA) has taken enforcement action against former and current directors of Real People Kenya Limited (RPKL) as well Real People Investment HoldingsLimited (RPIHL) of South Africa [...]Banks Resume Charges for Transactions Above Ksh 100 through Inhouse Mobile Money Wallets
Today, the Central bank of Kenya announced the resumption of charges for transactions above Ksh 100 effected through inhouse bank wallets linked to SACCOs. Inhouse banking wallets refer to bank-owned [...]Sidian Group Net Earnings Drop 84.7% to KSh 18.8 Million
Sidian Group Net Profit declined to KSh 18.775 Million at the close of the financial period ended 31st December 2020. This is against net earnings of KSh 122.5 Million over [...]
