OPPO has announced the launch of the Reno 13 series in Kenya which is scheduled to happen on February 28, 2025. The new series will have two models; Reno 13 F 5G and Reno 13 F. Reno 13 F 5G will be available in Plum Purple and Graphite Grey while Reno 13 F will come …
KRA has created two new departments as part of its plan to increase its tax net and target small traders who have always been outside the tax net. This is expected to boost tax compliance and address the persistent revenue shortfalls. New Departments to Strengthen Tax Collection KRA Commissioner-General Humphrey Wattanga has established a stand-alone Micro …
Jubilee Asset Management has rolled out a new dollar-denominated fund as it seeks to diversify products for both its retail and institutional investors. Jubilee Money Market Fund USD will have a minimum initial subscription of $1,000, translating to about Sh130,000, with subsequent top-ups at a minimum of $500 equivalent to about Sh65,000. The new fund …
A surge in loan defaults by real estate, trade, and agricultural businesses saw them default on Sh30.9 billion in the first quarter of the year. This hefty rise in non-performing loans comes amid a time of rising interest rates, according to the latest review by the Central Bank of Kenya. Hefty Rise in NPLs According …
NCBA Bank has introduced a new policy that took effect on July 1, whereby it eliminated all monthly charges on its retail banking accounts in a bid to attract more customers. The change applies to all current account products and new accounts taken out by prospective customers. Evidently, banks usually charge a monthly maintenance fee …