KRA: The Trillion Shilling Tax Man
The Kenya Revenue Authority (KRA) aims at gathering a minimum of KES 1.2 trillion per annum by 2015; a 41.06% increment on the KES 707.3 billion in revenue collected by the KRA in the financial year June 2011 to June 2012. To help them achieve this,…
Sending Money from Abroad Simplified
Your family and friends in the diaspora can now send you cash, airtime and shopping vouchers using tuma-pesa.com, a Kenyan e-commerce webshop and money transfer service. When someone is sending you cash from abroad using tuma-pesa.com, they will be prompted to fill in your name and cell phone…
MPs in fresh bid to cap interest rates
Interest rates on loans should be capped at 4 percentage points more than the prevailing CBR, according to Members of parliament led by Gem MP Jakoyo Midiwo. Amendments to the Finance Bill 2011/2012 sponsored by Midiwo to have the lending rates capped was defeated in Parliament in March this year.
HELB Notice to Beneficiaries
The Higher Education Loans Board (HELB) wishes to advise all loanees who have completed repaying their loans to apply for their Loan Clearance Certificates. The procedure for acquiring the certificates is as follows: Loanees should write to the board through HELD’s dedicated e-mail address:…
NIC Gears Up For Rights Issue
NIC Bank has in an official statement released full details of the rights issue it is to carry out next month, in a move indicating that Kenya’s second biggest rights issue this year is on track to take place as planned. The statement dated July 25th has…
8 Things You Should Know This Morning
A couple of things you are waking up to this Monday morning: 1. What turned sweet taste of coffee farming into bitter brew? – Business Daily 2. Africa’s Richest Football Players – Ventures Africa 3. Corporate Kenya’s executives are increasingly acquiring shares in companies they…
Mumias Sugar Increases Yield to Meet Customer Demand
Mumias Sugar Company Ltd (MSC) is getting rid of its old sprouts in favour of high yield sugarcane which will be used to boost production and improve its market penetration. According to MSC’s CEO, Peter Kebati, yields will improve thanks to favourable weather conditions and the…
CMC Minority Shareholders Demand delayed AGM
A bloc of minority shareholders at giant auto dealer CMC Holding Ltd today came together to demand that the Capital Markets Authority (CMA) compel their directors to convene the overdue Annual General Meeting. The Nairobi Securities Exchange (NSE)…
8 Things You Should Know This Morning
Some of the stories you are waking up to: 1. Rockefeller Foundation wants to hire underprivileged youths from Kenyan slums – The Standard 2. Twitter hit by new mystery outage – Capital FM News 3. Serena profits are…
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