Cyber crimes a big threat to ill-prepared firms
Cyber security experts have urged firms to increase training on cyber security professional in a move to deal with cyber-crimes. Speaking during the 6th edition of the AfricaHackOn cyber security [...]
Foschini hints at possible exit from Kenya
South African Fashion retailer, The Foschini Group (TFG), is reviewing its Kenyan business with the possibility of leaving the market in 2020. The jewelry and clothes store cites high VAT [...]
Digitization is shrinking jobs in Kenya's banking sector.
Technology has improved how banks offer services. However, digitization has led to mass layoffs in various banks. KCB Group's employee headcount reduced by 240 in the first six months of [...]No stamp duty charges for NIC-CBA merger
A legal notice dated 26th June and released to the public on Friday shows that treasury exempted CBA and NIC bank from paying share transfer taxes following the merger between [...]Treasury PS calls for automation of VAT and Duty collection.
Dr. Julius Muia recently called for the automation of revenue collection, noting that manual tax collection encouraged a lack of integrity and corruption. A digitization software that manages various sectors [...]How Kenyan Banks could benefit from big data analytics
The banking sector in Kenya has embraced the digital revolution. In the past five years, investment in technology has significantly increased. The results have been greater efficiency, improved services to [...]
Watch out for fake new currency – warns CBK Boss
Central Bank Governor Patrick Njoroge has warned Kenyans to be on the lookout for counterfeit new notes. The CBK executive made the declaration during an awareness campaign in Kwale County. [...]6th Kenya Population and Housing Census
Starting on the night of 24th August 2019 all the way to 31st August 2019, Kenya will hold its sixth edition of the population census since attaining independence, with other [...]KCB Group half year net profits jump to KSh12.7 billion
KCB recently released its half year results on the 15th of August 2019. The bank had a 5% increase in net profit from KSh12.1 billion in the first half of [...]Transsion teams up with Wapi Capital to fund African Startups
Transsion Holdings, the company that makes popular smartphone brands like Techno, Infinix iTel, and Kenya's Wapi Capital have partnered to find and fund Africa's Tech Startups. The fund will [...]Kenya to sell its first oil shipment to ChemChina.
Kenya picked ChemChina as its first buyer of crude oil. The decision was made after a rigorous bidding process dated July 26 which involved eight bids from Asian and European [...]CBK issues an alert on unlicensed forex dealers
The Central Bank of Kenya has issued a warning against dealing with unlicensed and unregulated online forex brokers. In a notice on the dailies, the regulator urges Kenyans to verify [...]
