Parliament to End Tax Exemptions
Food prices to increase as Parliament passes a new law ending tax exemptions
Cost of Living to Shoot Up With Drop of Tax Exemption
Consumers should prepare for tough times ahead beginning July after a new law proposing to drop Tax exemptions on consumer goods is passed by parliament. This law will effectively see zero rated commodities pay Value Added Taxes in the tax man’s bid to increase his income base. The Treasury expects the new…
Keeping a Debt Book at Your Local Shop?
Living on the credit side of life is in most cases a dreaded thing for many people. But it sometimes is inevitable. Sometimes, you have to live in the negative figures to make things work for you. There is this common thing in lower mid-level households where you keep a…
How Is Inflation Calculated?
The formula for calculating the Inflation Rate using the Consumer Price Index is relatively simple. Every month the Kenya National Bureau of Statistics (KNBS) surveys prices and generates the current Consumer Price Index (CPI). What is this CPI? The CPI is defined as a measure of the weighted average change…
Githae Calls on Banks to Lower Rates on Loans
Finance minister Njeru Githae has continued with his call on commercial banks to lower the rates at which commercial banks give loans to their customers. Githae has been asking banks and other lending institutions to make loans affordable to borrowers citing reduced cost of operations for the banks. Speaking at…
CFC Stanbic 2011 Results
3%, the increase in CfC Stanbic Holdings' net profits in 2011
Banking Sector Grows Through Turbulent Times
The Kenyan banking sector has been growing despite the turbulent economic times the country has experienced in the recent past. The sector posted good results for the year ended December 2011. This is evidenced by the impressive profit before tax of Ksh.89.3 billion (USD1.08 billion) for the year ended December…
Airtel to Maintain Tariffs After CCK Slashes Rates
Mobile operater Airtel Kenya will not be lowering the price after the Communications Commission of Kenya (CCK) cuts down the mobile termination rates (MTR) in July. Mobile termination rates is the amount of money an operator pays rivals if its subscribers call another network. The rates…
Off-Net Calling Rates to Drop
The Communication Commission of Kenya (CCK) is waiting for its board to lower the termination rate from the current KES 2.21 to KES 1.44 per minute. The new rates which are to take effect in July 2012 and will see off-net calling rates reduce. The “termination…
How Much You Can Borrow From Airtel Money Loan Service
Airtel Kenya and Faulu Kenya yesterday announced a partnership that would see Airtel Money customers’ access short term loans on their mobile phones via Airtel Money. Click here for more information. This service will enables users to access cash advances for emergencies…
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