The Capital Markets Authority (CMA) has today announced that it has approved EABX Limited to operate as an Over-The-Counter (OTC) Securities Exchange. CMA has also bestowed upon EABX the recognition as a Self-Regulatory Organization (SRO). This approval follows EABX’s adherence… Read More »
Business
Get to know of the latest business news updates in Kenya. From business financial reports to investment opportunities in Kenya.
KAM and Unilever Launches Business Growth Program for SMEs in Kenya
Kenya Association of Manufacturers (KAM), in partnership with Unilever in East Africa, has today launched a Business Growth Program for Small and medium-sized Enterprises (SMEs). The program seeks to equip small business owners with the necessary knowledge and skills. It… Read More »
ICEA LION Asset Management launches DigiTrust 2.0
ICEA LION Asset Management has today announced the launch of #DigiTrust 2.0. Building on the success of #DigiTrust 1.0. This new iteration introduces innovative features to the online access of the ICEA LION Money Market Fund, including Junior, Joint, Chama,… Read More »
How Cashlet App Works (Saving and Investing Explained)
Cashlet is a personal finance mobile app operated by Sycamore Capital that offers an easy way for Kenyans to save, invest, and grow their incomes online. Capital Markets Authority (CMA) recently approved the operation of Cahslet in Kenya. How to… Read More »
Sycamore Capital announces commercial launch of the Cashlet app after successful exit from the CMA Sandbox
Sycamore Capital, a Kenyan-based fintech company, has announced its successful exit from the Capital Markets Authority (CMA) sandbox as an intermediary services platform provider. This paves the way for the commercial launch of its Cashlet app after successful testing and… Read More »
Small Businesses Exempted from Electronic Tax Invoice (eTIMS)
Small businesses with a turnover of less than Ksh. 5 million are now exempt from using the Electronic Tax Invoice Management System (eTIMS). The Kenya Revenue Authority (KRA) says it is working on a new platform that is specifically designed… Read More »
Digital Content Monetization and Digital Asset Tax Explained
The Finance Act 2023 introduced two types of digital economy taxes; Digital Content Monetisation and Digital Asset Tax that target persons who earn income online in Kenya. This affects bloggers, influencers, writers, eCommerce owners, and individuals earning income using platforms… Read More »
New Mpesa Tariffs, 2024 Charges for Sending and withdrawal (Paybill and Agent)
Effective July 29, 2023, new mpesa charges, and rates were introduced by Safaricom. The new mpesa tariffs for transferring and withdrawing money through Safaricom agents or paybill numbers have been highlighted below. Safaricom transaction charges increase The June 2023 Budget… Read More »
How to use Safaricom Faraja Loan (Buy Now and Pay Later)
Safaricom introduces Faraja, a credit service at allows its customers to buy now and pay later for goods in select shops in Nairobi. How Faraja works Faraja is a Safaricom service in partnership with EDOMx that makes it possible for… Read More »