ECONOMY

The tax rate for TOT is 3% on the gross sales/turnover

Financial Results: Sidian Bank, the mid-tier bank focusing on SMEs, has recorded a profit before tax of Ksh72 million for the year ended 31st...

In September 2018, the National Treasury had estimated that the public debt would hit Ksh7 trillion by 2022

Known as the Biashara Kenya fund, the restructured entity will offer affordable loans to youth, women and People with Disability (PWDs).  The cost of borrowing from the Fund has been retained at six percent, half the average 12.08 percent commercial lending rate in April.

The waiver dubbed 'Kamilisha Malipo ya Helb' was originally slated to run from 1st March 2022 to 30th April 2022.

Credit Bank has unveiled plans to boost the achievement of Big Four Agenda in Kisumu and surrounding regions. Speaking during a meeting with lawyers from the...

CBK says its interventions have eased pressure on borrowers and allowed banks the wiggle room to manouvre

Kenya is using this initial export to test the global market before it embarks on large scale commercial production of its oil.

The French made AS Aerospatiale 350B3e Eurocopter is the most popular brand with Kenyans. The cost of this helicopter is $1.9 million (Ksh202.8 million). The cost goes upwards of Ksh350 million as the chopper has to be assembled in Kenya. It’s flown into the country in parts once it has been purchased.

More deals are expected to be signed during the AmCham Business Summit, to be held on November 4 – 5, 2019.