01/24/2023
While Kenya has struggled to retain and attract multinational manufacturers, it has recently become a magnet for technology firms and financial service companies seeking a hub for a larger share of the African market.
01/24/2023
In total, the taxman has registered 178 firms under the tax head.
01/24/2023
Most of the businesses that closed in the country were in financing, insurance, real estate, and business services, followed by trade, catering and accommodation.
01/24/2023
Advertisements must expressly and clearly state that investing in crypto assets may result in the loss of capital
01/23/2023
The National Pension Commission (PenCom) reviews draft state Pension Laws and supports states in implementation.
01/23/2023
More than half (59%) of the panel think the rate will be increased by 50 basis points (bps), while a third (33%) predict just a 25bps increase.
01/23/2023
Ramaphosa’s comments come after Eskom said the country could face two years of persistent blackouts as it overhauls its ageing power stations. He spoke in the central Free State province.
01/20/2023
Existing regulations governing those businesses were enacted in 2004, and the higher capital requirements are designed to help the central bank effectively handle fraud complaints and instil market discipline, the finance ministry said in a statement
01/20/2023
The seller appointed ENS as the conveyancing attorney.
01/19/2023
It added that this is to promote the growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.
01/19/2023
However, in the event that a bank may have to move forward to exchange, the MD/CEO must inform the CEO of GAB directly of the decision,” according to the letter sent to the banks.
01/19/2023
A CBDC is a digital version of a country’s fiat currency issued and controlled by the country’s central bank.
01/18/2023
The rise in penalties from Sh17.6 million in the preceding year and Sh2.7 million in 2019 comes on the back of increased focus on the sector over the stability of some of its players as customer complaints mount.
01/18/2023
The number of bank workers that were sacked in second quarter 2022 due to fraud represents a 90 per cent increase compared to 10 recorded in Q1 2022.
01/17/2023
The purpose of the new act is to address any shortcomings in the current legislation that deals with combatting money laundering and terrorist financing.
01/17/2023
“The 2020 tobacco sales ban resulted in an explosion of growth for the illicit market. This has continued even after the ban on tobacco sales was lifted.”
01/16/2023
The single currency will ease business and movement of persons within the region, which would achieve the bloc’s goal of becoming as envisioned in the Common Market Protocol.
01/16/2023
Already, there are strong indications that a new date may be announced before or during the CBN Monetary Policy Committee (MPC) meeting coming up on Wednesday, January 25, 2023.
01/13/2023
Ogbu advised the market men and women, “to ensure that you deposit cash holdings in these denominations (N200, N500 and N1,000) at your commercial banks”.
01/13/2023
The certifications followed a comprehensive audit and evaluation exercise conducted by MSECB – an internationally recognised certification body.