Category: Finance
EGYPT BOOST KENYA COVID-19 KITTY
EGYPT BOOST KENYA COVID-19 KITTY By Patrick Mwaura Commercial International Bank (CIB) of Egypt has joined the fight against the Covid-19 pandemic in Kenya and is making US $100,000 donation to the Kenya Covid-19 Emergency Response Fund. CIB is responding…
KCB MORTGAGE CLIENTS TO GET HOSPITAL CASH BENEFITS
KCB MORTGAGE CLIENTS TO GET HOSPITAL CASH BENEFITS By Ednah Kiarie Kenya Commercial Bank Kenya customers holding residential mortgages will now be entitled to a cash benefit should they contract COVID-19 and are hospitalized. This follows a deal between KCB…
SBM BANK KENYA PROFIT HITS THE ROOF
SBM BANK KENYA PROFIT HITS THE ROOF By Douglas Muriithi SBM Bank (Kenya) Limited has reported a 7.7% increase in operating income year-on-year, resulting to a profit before tax of Kshs. 66 Million for the first quarter of 2020. The…
GENDER BALANCE TOP PRIORITY AT KENYA REVENUE AUTHORITY
GENDER BALANCE TOP PRIORITY AT KENYA REVENUE AUTHORITY By Chris Ojow A trained Negotiator with experience in Regional and international Negotiations Mrs Pamela Ahago, the Kenya Revenue Authority Deputy Commissioner, Policy and International Affairs has been promoted to the higher…
KENYA COMMERCIAL BANK INITIATE DEBT RELIEF MEASURES
DEBT RELIEF MEASURES AT KENYA COMMERCIAL BANK By Donald Kogai KCB Bank Kenya has restructured facilities worth over KShs. 115.1 billion to cushion customers against the effects of the COVID-19 pandemic. The debt-relief measures have seen customers apply for their…
NCBA GROUP PRETAX PROFIT RISE TO 2.4 BILLION
NCBA GROUP PRETAX PROFIT RISE TO 2.4B By Douglas Muriithi On 1st October 2019 NIC Group PLC (NIC) and Commercial Bank of Africa Limited (CBA) completed the merger of both institutions, the transaction was accounted for in accordance with IFRS…
COVID-19 GET 150M BOOST FROM KCB
COVID-19 GET 150M BOOST FROM KCB By Donald Kogai Kenya Commercial Bank contributed KShs.150 million towards emergency interventions to cushion vulnerable citizens affected by the COVID-19 pandemic. The funds will be channeled through the COVID-19 Emergency Response Fund formed by…
KENYA REVENUE AUTHORITY GOES DIGITAL
KENYA REVENUE AUTHORITY GOES DIGITAL By Donald Kogai To safeguard taxpayers during the COVID-19 pandemic, Kenya Revenue Authority (KRA) continued establishing measures to support taxpayer access to all essential services online. To this end, KRA has introduced online Alternative Dispute…
KENYA REVENUE AUTHORITY ASSURES TAXPAYERS OF SUPPORT
KENYA REVENUE AUTHORITY ASSURES TAXPAYERS OF SUPPORT By Donald Kogai In line with the Presidential directive to mitigate the effects of COVID – 19 to the Kenyan economy through; Reduction of Personal Income Tax top rate (PAYE) from 30% to…
DIGITAL LENDERS WAIVE LATE REPAYMENT FEES FOR CUSTOMERS
DIGITAL LENDERS WAIVE LATE REPAYMENT FEES FOR CUSTOMERS By Donald Kogai Members of the Digital Lenders Association (DLAK), which represents 17 major digital lenders in the country, agreed to waive the late repayment fees as part of the measures to…