Digital Service Tax: KRA Lists Services That Attract the New 1.5% Levy
Subscription-based media such as news and magazines and online ticket sales are among services that will attract the 1.5% Digital Service Tax on gross transaction value, which took effect on [...]
Kenya's Foreign Remittances Go Up 10% in 11 Months From Year Ago
Kenyans working in the US, Europe, and other parts of the world sent home record amounts of money in 2020 contrary to analysts expectations of a drop in diaspora remittances. [...]
Kenya Airways Suspends its 2 Weekly Flights to Seychelles as Demand Dwindles
Kenya Airways has suspended flights between Nairobi and Mahe until the end of January, as COVID-19 suppresses demand to the destination. The carrier is among four other airlines which have [...]Dutch Development Bank Gives Equity Bank $5.4 B Loan Guarantee to Support MSMEs
Dutch Development Bank FMO announced a $50 million (Ksh 5.48 billion) loan guarantee facility with Equity bank Kenya to support Kenyan micro-, small and medium-sized enterprises (MSMEs) to recover from [...]Tesla Sets up RD Unit in India as India Courts EV Manufacturers
Tesla has set up a Research and Development Unit in Bengaluru, Karnataka India after incorporating a local subsidiary. The unit comes just when India is encouraging the adoption of sustainable [...]KRA Announces Voluntary Tax Disclosure Programme, Promises 100% Relief
The Kenya Revenue Authority (KRA) has unveiled a Voluntary Tax Disclosure Programme that seeks to waive penalties accrued for individuals who failed to disclose any tax that was due over [...]Kenya Faces Increased Cyber Threats as Covid19 Challenges Persist
Kenya is one of the African countries facing increased cybercrime threats due to the ongoing economic challenges according to Kaspersky experts. The experts list Kenya, South Africa, and Nigeria as [...]Business Registration Service Appoints Catherine Musakali as New Board Member
Business Registration Service (BRS) has appointed Catherine Musakali as the newest member of its board. BRS is a body housed in the Attorney General's office, in charge of companies' registration [...]Kenya's Mobile Money Accounts Exceed 65.7 Million
More than 6.5 million Kenyans registered new mobile money accounts in the 11 months through November 2020, bringing the total number of mobile money accounts at the end of November [...]Bamburi Cement Launches Houses of Tomorrow' Scales Up Green Construction
Through its parent company LafargeHolcim, Bamburi Cement has launched Houses of Tomorrow' (HoT), an innovative and green construction project that seeks to fulfil the company's sustainable construction agenda through low-carbon [...]Kenya Eyes Over KSh 80B Debt Service Suspension After Paris Club's Approval
Kenya is seeking a KSh 40.6 billion debt service suspension for a debt due from 1 January and 30 June 2020 from bilateral creditors outside the Paris Club. In total, [...]World's Biggest Music Company Seeks New Markets in Kenya, South Africa Nigeria
The world's largest Music Company, Universal Music Group has appointed a CEO for the Sub Saharan Africa region as it seeks to expand in the African continent. South African, Sipho [...]
