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More on Finance
14 Apr 2022
The delicate balance of safeguarding stakeholders and creditors’ interests during administration
The essence of administration is to rescue companies that are under financial distress while safeguarding the interests of creditors and other stakeholders in the company. One of the key objectives of...
8 Apr 2022
Treasury avoids tricky decision on long-term action on fuel
The good news from the Budget Statement was that fuel would be spared the proposed 10 per cent increase in Excise Duty that the Treasury has asked the National Assembly to impose on Kenyans when the F...
8 Apr 2022
Tax Talk Series webinar: A look at post Budget effect on taxes
The Tax Talk Series hosted by the Kenya Revenue Authority held a webinar on April 8, 2022, to discuss the post budget effects on taxes. The session which lasted for close to an hour was moderated by N...
18 Mar 2022
New regulations set to tame predatory digital lending practices in Kenya
Digital lenders have up to September 2022 to comply with regulatory requirements, including licensing by the Central Bank of Kenya (CBK). The Central Bank of Kenya (Digital Credit Providers) Regulatio...
11 Mar 2022
Cybersecurity in Kenyan Fintech, threats, trends and solutions: Highlights of GIZ Report, 2022
Digital payments are progressively entering the mainstream, in correlation to the increased access, use, and adoption of ICTs in Kenya. However, the transition to and eventual adoption of digital paym...
11 Mar 2022
Shadow Budget Report casts doubt on economic recovery as rising debt and electoral jitters persist
The 2022/23 Annual National Shadow Budget by IPFK™ for Kenya is the second edition, and it is one of its kind in the country. The production of the Shadow Budget was supported by the integrate...
4 Mar 2022
The security initiative in CBK’s National Payments Strategy 2022-2025
In this second part of our series on the Central Bank of Kenya National Payments Strategy for 2022 – 2025 (NPS Strategy), we examine CBK’s strategic initiatives under the principle of security. A ...
4 Mar 2022
A first for mobile digital lenders after Branch International acquires majority stake at Century Limited
On February 9, Branch International Limited acquired a majority stake in Century Microfinance Bank Limited effective January 1, 2022. This follows CBK’s approval on December 30, 2021, under Section ...
25 Feb 2022
CBK’s strategic initiatives in the National Payments Strategy: Key highlights
The Central Bank of Kenya (CBK) unveiled its National Payments Strategy for 2022 – 2025 (NPS Strategy) this week. The NPS Strategy is anchored on the vision of a secure, fast, efficient and collabor...
18 Feb 2022
Central Bank Digital Currency discussion: The pros, cons and reading between the lines
Central Bank Digital Currency discussion: The pros, cons and reading between the lines The Central Bank of Kenya (CBK) recently released a discussion paper on a Central Bank Digital Currency (CBDC) in...
11 Feb 2022
Taxman’s eye on social media posts good for enhanced compliance
By Brian Kuira Recent media reports that the Kenya Revenue Authority (KRA) would train its eyes on taxpayers who display luxurious lifestyles on social media but under-declare their income sparked a h...
4 Feb 2022
What you need to know about unclaimed financial assets
Recent media revelations paint a shocking picture of vast amounts of unclaimed assets that lie idle despite Kenyans going through a tough economic season. According to the media reports, the amount of...
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