Telcos, banks targetted as state plans to raise Sh2.9tr
It has proposed a 20 per cent excise duty on mobile and bank transactions in the Finance Bill, 2024.
VICTOR AMADALA
Business WriterBIO: Victor Amadala is an award winning journalist business with more than 500 published business and human interest feature stories. He is currently a Business Writer for the Star Newspaper, third biggest paper in Kenya www.star.co.ke , handling governance, economics, market place, money matters, building and construction, agribusiness among other topics. He has previously contributed for many established print media in Kenya and abroad including the Business Daily, Standard Newspaper, Daily Nation, KBC, VG Norway, CFO South Africa, Ebano TV in Spain among others In 2014, he scooped the prestigious African Fact Checking Journalism Award in sponsored by the AFP Foundation https://africacheck.org/how-to-fact-check/the-african-fact-checking-awards/ A Thomson Reuters New Age Media fellow, Victor is extremely passionate about developmental journalism with a view of transforming social economic fabric in the continent and across borders. He holds a diploma in journalism from the Kenya Institute of Mass Communication.
CCI Global expands in Kenya with Sh6.6bn call centre at Tatu City
It is expected to create over 5,000 new jobs created.
Hustler Fund loans rose to Sh49.5bn by March – Safaricom
According to the firm, repayment rate for the amount is 77 per cent, meaning that at least 11.4 billion is in default.
Kenyans borrowed Sh2.3 billion daily on Fuliza in 2023
The amount is enough to construct close to 3,000 standard classrooms or 460 dispensaries worth Sh5m each.
M-Pesa now accounts for 42% of Safaricom's total revenue
Lipa na M-Pesa revenues grew by 38.2 per cent to Sh7.3 billion
Safaricom sets record after hitting Sh140bn operating profit
It becomes the first company in East Africa to hit past a billion-dollar mark in earnings.
Employed landlords spared 1.5% housing levy on rental income
The law has been challenged in court several times.
Britam urges SMEs to consider flood insurance
It has paid over Sh20 million in claims to 300 households.
Kenya first African country to be integrated to EU data
PS ICT and Digital Economy John Tanui who told the Star that the progress is at an advanced stage
Equity Bank Group Q1 profit up 25.2 per cent to Sh16bn
Equity Group MD and CEO James Mwangi hailed the rapid growth in Uganda, Rwanda, Tanzania, DRC, and South Sudan.