In Kenya, contributions to a registered pension scheme are tax-exempted up to a maximum of Sh20,000 per month or Sh240,000 per year. This means that by investing in a pension plan, you can reduce your taxable income by up to Sh240,000 per year, which can help to ...
As the Kenya Bankers Association we have in the past year engaged Parliament and will continue to do so, the same with the Central Bank of Kenya, the Treasury and the public. We are saying that it is important to reduce the price of loans for SMEs, and to do so we need...
The Harry Potter author donated £1 million to charities to support vulnerable people during the lockdown, with half going to help homeless people and the other half going to support victims of domestic abuse. In 2019, she donated a further £15.3 million to the Anne Rowling Regenerative Ne...
Western Union and Visa are also developing disbursement programs for humanitarian organizations and governments to support the delivery of critical funds during a disaster. The programs are intended to support emergency and humanitarian payouts, cross-border pension payouts2, and domestic benefits and disb...
In 2017, the effects of the four options on the farm-level indicators were discussed with a sub-sample of the 16 farmers from the detailed characterization in Chema sub-county. For this purpose, we constructed a simple spreadsheet model to calculate food self-sufficiency, income, costs, profit...
Inflation is the gradual rise in the cost of goods and services in a country within a specified period. Over the last three years, and as per the records held by the Central Bank of Kenya (CBK), the inflation rate has been averaging 8 percent. An 8 percent inflat...
means creating multiple sources of income. Kenyan retirees are already a step ahead in this. Recent research by Enwealth Financial Services, a leading pension administrator, indicates that more than 57per cent of retirees in Kenya have additional sources of income to complement t...
73 percent of those surveyed in Kenya either experienced or continue to experience financial hardship as a result of the pandemic. Additionally in Kenya, a third of all respondents reported that paying for healthcare ranked as their biggest worry. In sharp contrast, only one i...
While most of the insurance and reinsurance companies in Kenya are putting efforts at establishing strong money laundering fighting programmes, challenges arise from the intermediaries’ side. Being in the first line of defence in terms of having direct access to customers, it is paramount that t...
They also owed Twiga Chemical Industries Ltd Sh986,007 and Amiran Kenya Ltd Sh1,106,901. His wife told the court in a different bankruptcy suit that she was a housewife although she assisted in running a local community-based organisation where she earned Sh15,000. Sh...