KRA in a new drive to streamline levies collection at border points
KRA has partnered with Ecobank to incorporate digital payment and collection solutions at border points to streamline tax collection. Ecobank payzone at various border points will enable clearing and forwarding [...]
New generation banknotes expected to increase in circulation this week
There have been reports of a shortage of the newly launched Banknotes. However, the Central Bank Governor Dr. Patrick Njoroge said that the notes will increase in circulation starting this [...]
Treasury issues KSh40 billion bond
The government is inviting investors to buy a 15 year treasury bond which is on sale until 23 July. The funds raised will be used to support the current budget. [...]Understanding the Structure of Pricing a Futures Contract (Future price vs spot price).
Futures products are derivative products whose price or value rely largely on the price of the underlying stocks or indices, but the pricing is not usually direct. There is usually [...]
Kenyan Businesses to Win with Amendments of the Public Procurement Act.
Mathira MP, Rigathi Gachaguap proposed the amendment of the Public Procurement and Asset Disposal Act to favor local businesses. The Member of parliament proposed amendment of the Act to grant [...]Juakali sector set to benefit from Zamara's newly launched micropension scheme
Retirement funds manager Zamara has inked a deal with Singaporean firm PinBox to extend pension services to the informal sector with the goal to provide a secure and affordable mechanism [...]Kenya dollar bonds dip following the arrest of Treasury’s Cabinet Secretary
The price of Kenya’s dollar bonds slightly dipped after the arrest of the Treasury boss Henry Rotich due to corruption charges. It is the first time in Kenya that a [...]EA Cables and Transcentury complete a debt structuring deal
East Africa Cables PLC and its parent company TransCentury PLC have completed a debt restructuring transaction which involves refinancing of company debt. This has majorly resulted in a 44% reduction [...]Mobile money service gets to South Sudan
Zain telecoms South Sudan and Trinity Technologies have partnered to provide the first mobile money service in South Sudan. The service is dabbed m-gurush which stands for mobile money in [...]The Continent’s largest Wind farm opened in Kenya
President Uhuru Kenyatta on Friday presided over the launch of the largest Wind Farm in Africa. The Windpower station consists of 365 turbines mounted on the shores of Lake Turkana, [...]Tech Company Oracle Kenya appoints David Bunei as the new MD
The technology company Oracle has picked David Bunei to lead the Kenyan team. David will guide the firm in providing digital services to private and public entities. Before his appointment, [...]Kenya’s funding model presents a challenge –Moody’s
A report by Moody’s Investors Service highlights the government’s over-reliance on funding from local commercial banks. The banks finance over 50 percent of Kenya’s domestic borrowing. According to researchers at [...]
