Faulu Microfinance Bank has modernised its core banking system as it looks to expand beyond its traditional focus on micro, small and medium-sized enterprises (MSMEs) and attract larger businesses. The upgraded platform is expected to increase the lender’s capacity to scale operations, improve service delivery and respond to the evolving …
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CIC Insurance Group recorded a 70.3 percent rise in profit after tax to Sh1.09 billion for the six months to June, driven largely by stronger investment income and continued expansion of its insurance operations. Profit before tax increased by 30.2 percent to Sh1.56 billion, while insurance revenue climbed 17.8 percent …
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The Kenya Revenue Authority (KRA) has announced that the market interest rate used to calculate fringe benefit tax will remain at 8 per cent for the period covering July to September 2026. In a public notice released on Wednesday, KRA said the rate has been prescribed under Section 12B of …
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The Kenya Revenue Authority (KRA) has reinstated a tax amnesty programme that offers a 100 percent waiver on penalties, interest and fines for tax debts accumulated up to December 31, 2025, in a move aimed at easing taxpayers’ financial burden and improving tax compliance. The six-month initiative, introduced through the …
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The Lower Eastern Times Opening The Third Eye
