by Melissa Oduor | Feb 20, 2020 | BUSINESS NEWS
What is turnover tax and how is it different from Presumptive Tax? Answer: Turnover Tax (ToT) is a monthly tax levied on business enterprises with an annual turnover of less than Ksh.5 million. ToT is charged at a rate of three per cent of the monthly gross sales....
by Melissa Oduor | Feb 19, 2020 | BUSINESS NEWS
Global Compact Network Kenya has launched Target Gender Equality, a new initiative to mobilize and support companies in setting and meeting ambitious corporate targets for women’s representation and leadership in business. Open to all participating companies of the...
by Melissa Oduor | Feb 19, 2020 | BUSINESS NEWS
Absa Bank Kenya PLC has today marked the official launch of the Absa ticker at the Nairobi Securities Exchange, marking the successful conclusion of the brand transition programme. The change of name follows a 2018 decision by the parent company, Absa Group Limited,...
by Melissa Oduor | Feb 18, 2020 | BUSINESS NEWS
Ahead of the release of its 2019 full year financial results in mid-March 2020, Cooperative Bank of Kenya has been given an Overweight Rating by Securities Africa Kenya Limited. In its 2020 research note on Kenya main banks valuation, Securities Africa Kenya limited...
by Melissa Oduor | Feb 18, 2020 | BUSINESS NEWS
Safaricom (NSE) has announced the introduction of SIM cards with the 0110 and 0111 prefixes at all Safaricom Shops and Dealer Outlets countrywide. The new-prefix sim cards will be available free of charge with customers only required to activate their lines with a top...
