Financial Markets Conduct Bill Proposes Establishment of 4 New Entities to Regulate Access to Credit
The proposed new law entitled the Financial Markets Conduct Bill 2018 has recommended the establishment of five entities to regulate matters surrounding access to credit. The Bill is relevant to [...]
Kenya Power announces new corporate structure
Kenya Power has announced the reorganisation of its corporate structure citing need to offer improved customer service and effective management operations. The Chairman of the Board of Directors, Amb. (Eng.) [...]
CMA Suggests Repackaging REITs ABS to Contribute to Govt's Dev Agenda
In its soundness report for the first quarter of 2018, the Capital Markets Authority (CMA) suggests repackaging Real Estate Investment Trusts and Asset-Backed Securities to fund large development projects in the [...]High-Income Earners Set to be Charged 35pc for Incomes Exceeding Sh9m Annually
High-income earners making more than Sh750,000 per month (over Sh9 million per annum) will be taxed at a rate of 35 percent if the National Assembly approves the Draft Income [...]Housing Finance Group MD Frank Ireri to Retire in March 2019
Mr Frank Ireri, Housing Finance's Group managing director, has notified the board of his intention to not extend his four-year contract which ends next year in March. Ireri was appointed the [...]Safaricom transforming lives through affordable financial solutions services.
Safaricom PLC has over the years consistently provided financial services and solutions to the unbanked population in Kenya. With the huge success story of MPESA launched in 2007 the Telco [...]How to Contribute to the Sustainability of the Cryptocurrency Ecosystem
There are few feelings in this world that are worse than the regret of having wasted time, money, energy, or opportunity. When our precious resources are lost for no good [...]Barclays Bank Kenya shareholders aprrove name change to ABSA
Barclays Bank Kenyan shareholders have voted in support of the proposed name change to ABSA where rebranding will be done over the next two years. “Now what we have to is [...]Co-op Bank Kenya Q1 net profit moves up 6.8 percent to 3.4 Bn
Co-operative Bank of Kenya has reported a 6.8% increase in net earnings for the first quarter of 2018 to Ksh 3.4 Bn up from Ksh3.2 Bn posted in the same [...]KRA NBK Sign Deal to Empower AGPO Registered Suppliers
The Kenya Revenue Authority (KRA) and the National Bank of Kenya (NBK) have today signed a memorandum of understanding which will benefit KRA suppliers under the Access to Government Procurement [...]Income Tax Bill Proposes Increase in Capital Gains Tax to 20pc
The Draft Income Tax Bill 2018 has proposed an increase in the rate of Capital Gains Tax (CGT) from five percent to 20 percent and introduced indexation, a formula for adjusted [...]Land Problem Sets Back Likoni Cable Car Project
The car cable project set to connect Mombasa Island to the South Coast might be delayed after a land issue arose between the Kenya National Highway Authority (KeNHA) and the [...]
