Hill+Knowlton Wins PR and Marketing Award
Hill+Knowlton Strategies East Africa has been named the transaction adviser of the year (PR and Marketing ) in this year’s Think Business Capital Markets Awards. The panel of judges unanimously awarded the agency for its role…
List of Tax Defaulters To Go Public
Those of you who will fail to remit their taxes to Kenya Revenue Authority (KRA) will be named and shamed in public. Finance Minister Njeru Githae has introduced a clause in Kenya’s tax laws in an amendment to the Income Tax Act that will ensure that any…
SACCO Deposits Grew 22.5% in FY 2010/2011
Savings and Credit Cooperative Society (SACCO) deposits grew by 22.5% in 2011 to stand at KES 180.0 billion from KES 157.5 billion in 2010. This is an indicator that the SACCO sector has been playing a big financial services provision especially in loan advancements for middle and low…
8 Junior Savings Accounts For Your Kid
Saving, saving, saving. This is the sacrament of any financial institution. Yet the older you get the harder it gets to start. So maybe you should start cultivating a habit of saving in your kids. Make it easier for them.
Biting the Hand that Treats You: Part 2
The doctors strike ended on Thursday. This part 2 of the narrative what happened, the arguments and the victors.
Mobile Money Transfers Grows 7000% in 5 Years
The number of mobile money transactions grew by 7000% over the 5 year period to December 2011. The amount transacted grew by 7073% to KES 1,169 billion in 2011 while the number of transaction in a year grew 7773% to 433 million in 2011 from 5.5 million in…
Global Food Prices Up by 1.4%
Latest data from Food and Agriculture Organization (FAO) of the United Nations shows that food prices around the world rose 1.4%( 3 points) to 216 points in September from 213 points in August. The rise reflected strengthening dairy and meat prices and more contained…
Agents, the Remaining Hurdle to Airtel Money’s Success
Airtel Kenya yesterday announced that they had done away with money transfer fees, allowing subscribers to send money within and across the network at no extra cost. This is a similar to what Yu Mobile offers its subscribers, an opportunity to send money across networks at no extra…
More Kenyans Are Using Credit Cards
According to the Financial Stability Report 2011, the number of card users has increased with credit card usage exhibiting the biggest growth from 2010. “Payment cards industry continued to grow through 2011, with remarkable usage of Automated Teller Machines (ATMs) cards, credit & debit cards, and…
Mobile Money Transfer Costs Could Go Up
The costs of carrying out mobile money transactions could be going up. This will come after a new tax proposal that was tabled to the parliament by Finance Minister Njeru Githae on Thursday 4 October 2012. The proposition seeks to subject mobile money transfer services to a 10% tax. The minister wants the…
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