Tag: PWC


African CEOs Score Poorly On Climate Change Strategies

PwC has urged business leaders to urgently drive effective Environmental, Social and Governance (ESG) research as this is critical to performance as it can...

Three Quarters Of CEOs Expect Stronger Global Economy In 2022

CEOs continued to face pressure generated by the ongoing COVID pandemic and market conditions such as rising inflation, supply chain disruptions and the ‘Great...

The New Equation: Six Ways PwC Plans To Fix Companies In Africa

PwC Africa has announced six key focus areas that will support the execution of its new global strategy that was announced on 15th June...

Banks Contributed Bulk Of Corporate Taxes In Last Two Years

A new report compiled by audit firm PricewaterhouseCoopers (PwC) on behalf of the Kenya Bankers Association attributes the decline to reductions in corporate taxes and Pay As You Earn (PAYE) collections.

Bullish Outlook For Kenyan Media As Advertising Heads To Sh900 Billion

In 2020, Kenya experienced a 28% dip in advertising revenues as outdoor advertising fell sharply after companies cut spending during the Covid-19 pandemic. “This year, not surprisingly, the twin forces induced by COVID-19 — economic disruption and powerful shifts in consumer behaviour — challenge our underlying assumptions and frame our insights," the report says.

For Family-Owned Businesses, Trust Becomes a Strategic Advantage

East Africa family businesses are more optimistic in 2021, with 60% of them expecting to see growth, and very positive from 2022, as 91% expect` growth. The key priorities facing East African family businesses over the next two years are expanding into new markets & client segments, increased use of new technologies, introducing new products & services and rethinking their business models.

Family Bank To Raise Sh8 Billion To Power Growth

Family Bank targets to raise Ksh4 billion in its first tranche with the balance to be raised within the next five years in various tranches/series. “We are positioning the bank for the second phase of growth as per our 2020-2024 strategy anchored on growth and stability of the bank," says Family Bank CEO Rebecca Mbithi. The banks wants to strengthen its capital base to support lending to micro, small and medium-sized enterprises and heavily invest in technology infrastructure while diversifying its products.

PwC Releases VAT Guide in Africa 2021

PwC has released the seventh edition of its VAT Guide in Africa 2021, comprising updates on VAT regimes in 41 African countries. PwC’s 2021...

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Borrowers Tie Lenders in Web of Litigation as Defaults Rise

In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.

SasaPay To “Pay SMEs To Get Paid” Via New Cash-Back Model

SasaPay has introduced a new cash-back model designed to...

Gor Mahia Fan Who Correctly Predicted 15 Out of 17 Games Wins Millions

The 30-year-old, also an avid follower of English Premier League giants Manchester United, came close to the grand prize of Ksh334,783,843 SportPesa Jackpot.

In Race for African Leadership Award, Ruto Faces Tough Opposition

Among the contenders of the prestigious African of the Year award is Kenya’s President William Ruto, who will be battling it out with President Hakainde Hichilema of Zambia and Prof. Benedict Okey Oramah, President of Afrexim Bank.

Transforming Financial Inclusion: The Impact of M-Pesa in Kenya and Beyond 

Discover the profound impact of M-Pesa on financial inclusion in Kenya and beyond. Explore how this innovative mobile service revolutionizes transactions and shapes the future of finance globally.