Kenya Revenue Authority (KRA) has announced that social media influencers are not exempted from paying the 1.5% Digital Tax. The Taxman said that Social media influencers will be liable to pay digital service tax since their income is derived from or accrued from the provision of services through a digital marketplace or by providing digital […]
Banking industry’s instant payment service PesaLink has announced the appointment of Gituku Kirika as Chief Executive Officer. Gituku takes over from Agnes Gathaiya. Over 6 million Kenyans have moved in excess of Ksh 200 billion across the 25 plus participating banks since PesaLink was launched by IPSL and KBA in 2017. Gituku has extensive banking and […]
Elon Musk, Chief Executive of Tesla, overtook Amazon boss Jeff Bezos to become the world’s wealthiest person, US media reported Thursday. Musk is a major shareholder of the electric car company and has benefited from Tesla’s surging share price over the last year. CNBC estimated Musk’s wealth at $185 billion. Tesla had a strong 2020 […]
A lot of things have changed last year. People have had to stay inside to stay safe. But just because we needed to stay indoors and isolate, it didn’t mean that businesses could just come to a stop. And in an attempt to keep going, many companies have migrated from offices to working from […]
Kenya-based digital bank for emerging markets Umba has raised a US$2 million seed funding round to help it expand product capabilities. The startup with currently operates in Kenya and Nigeria raised from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture Capital. Umba says it provides an […]
Kenya Railways has introduced night train service after curfew rules exemption which will see trains arrive in Mombasa and Nairobi at 3 am. In a statement released by the Corporation after a Multi-Agency briefing on Re-opening of Schools, it said they have provided an additional Inter-county train in the evening between Mombasa and Nairobi. […]
Safaricom has kicked off the fifth edition of its BLAZE Be Your Own Boss youth engagement with a digital summit targeting youth aged between 18 to 26 years. Featuring 12 summits, this edition will be BYOB’s first purely digital engagement since its inception in 2016. The first summit will see participants engage and learn from […]
The Central Bank of Kenya (CBK) has announced that it will end the free MPESA transaction below KES 1000 under the Covid-related price cuts on 31st December 2020. CBK says that a significant increase of mobile money usage has been noted over the period the measures have been in place, demonstrating that they were timely […]
Police officers and officials from Betting Control and Licensing Board (BLCB) on Wednesday evening raided SportPesa offices in Nairobi. The betting firm issued a statement denouncing the raid accusing the betting regulator of violating the court order which allowed Milestone Gaming Ltd to trade as SportPesa brand. SportPesa said the agents had failed to produce […]
Co-operative Bank of Kenya (Co-op Bank) has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution dubbed Co-opRemit. Co-opRemit streamlines the process of real-time money transfers particularly within Africa, allowing Co-op Bank customers in Kenya to move funds across the world quickly at an affordable rate. Customers may send […]