The NIC-CBA merger in 2018 created NCBA - Kenya's third-largest bank by asset value. It was completed though a share swap, with NIC group shareholders owning 47 percent of the merged entity and CBA shareholders including the Kenyatta family owning 53 percent of the merged entity.
Gachagua is pushing county governments in the Mt. Kenya region to cut the number of the entertainment joints whose licenses allow them to operate late into the night, as opposed to regular bar licenses requiring them to close at 11 pm.
The government is looking to partner up with saccos for disbursement of the funds to eligible borrowers as the Hustler Fund enters its second phase.
“The new rates for the house allowances shall apply to all public officers, other than state officers at the national and county government, including state corporations from the scheduled effective date of implementation. Respective employers in the civil service should initiate Collective Bargaining Agreements (CBAs) with the relevant trade unions in the implementation of the reviewed/harmonised herein” a circular from the SRC confirmed.
Kenya’s economy is expected to remain subdued in 2023, growing at a projected 5%, pulled down by a persistent rise in commodity prices, global...
Kenya's shilling is one of 69 currencies for which De La Rue is responsible for selling high-security paper and printing technology. Besides cash, it helps governments among other authorities produce driving licenses, passports, tax stamps and food vouchers - all loaded with high-security features.
A proposal to link mobile money and Kenya Revenue Authority (KRA) systems is causing jitters. The proposal contained in the draft budget policy statement is one of several measures intended to ensure the taxman hits its target of collecting Ksh3 trillion in the next financial year (2023/2024).