Investors Given 45 Days to Address Issues as Stanlib Kenya Fund and REIT Managers Cease Operations Investors have 45 days to address any unresolved issues with Stanlib Kenya Fund and REIT Managers, as the Capital Markets Authority (CMA) of Kenya has accepted their request to cease operations and revoke their license. Established in 1998 as…
The Kenyan shilling has made significant gains against the US dollar this year, appreciating by 17.8% from January to June. This growth reflects a combination of favorable market conditions, increased foreign exchange inflows, and investor confidence. Weekly Performance and Key Drivers In the past week, the shilling strengthened by 1.06%, closing at 128.66 from the…
Value Added Tax (VAT) is a form of indirect tax levied on the consumption of goods and services. It’s a major source of revenue for governments around the world, including Kenya. In this article, we’ll delve into the intricacies of VAT, covering its purpose, how it operates, and its impact on businesses and consumers. Purpose…
Dive into Kenya’s intricate tax system with our comprehensive guide. From corporate tax to the new digital service tax, uncover how recent changes and special economic zones impact your business. Stay compliant, optimize your tax strategy, and navigate the latest regulations with confidence. Don’t miss out on essential updates and expert tips for thriving in…
The Kenya Shilling (KES) is key to Kenya’s economy. It’s the main currency for all transactions within the country. Knowing what affects its performance is crucial for traders, investors, businesses, and policymakers. This article explores the factors influencing the Kenya Shilling and its recent trends as of May 2024. Kenya has one of Africa’s largest…
The Capital Markets Authority (CMA) has approved the registration of the Arvocap Unit Trust Scheme under the Capital Markets Act and the Collective Investment Schemes Regulations of 2001. This scheme includes 10 sub-funds: “Collective investment schemes allow retail investors to easily enter the capital markets. They help grow the customer base and democratize wealth,” said…
Transferring money between African countries can be incredibly frustrating. High fees, poor infrastructure, and security risks plague both individuals and businesses engaged in intra-African trade. Fintechs, banks, and mobile network operators (MNOs) are striving to improve cross-border payments in Africa. Innovations like blockchain, real-time transfers, and better national settlement systems are paving the way for…
Family Bank received high praise for its digital innovation efforts. CEO Nancy Njau expressed joy over this recognition, seeing it as proof of their dedication to putting customers first in today’s fast-paced digital world. The bank recently won an award for exceptional customer service during the Innovation and Excellence Awards East Africa held at the…
