KRA Collects Sh1.03 Trillion in Revenue

KRA Exceeds Expectations with Sh1.03 Trillion in Revenue

The Kenya Revenue Authority (KRA) has collected an impressive Sh1.03 trillion in revenue between July and December 8th, 2023. This achievement is particularly noteworthy considering the numerous factors that could have negatively impacted tax collection. For example, between July and November, the Kenyan unit lost 22 percent of its value to the greenback. “Revenue performance…

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Mastercard and Carrefour Partner to Offer Festive Discounts to Kenyan Shoppers

Carrefour, a leading retailer in Kenya, has partnered with Mastercard to offer an enticing 20% discount to customers making purchases at Carrefour stores using locally issued Mastercard cards. The collaboration aims to provide customers with significant savings and enhance their shopping experience both online and in-store. The campaign will run every weekend (Friday, Saturday, and…

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Airtel Money Partners with eCitizen to Offer Reduced Transaction Fees

In an effort to enhance convenience and accessibility for its customers, Airtel Money Kenya has partnered with eCitizen, the government’s online platform for accessing various services. This partnership brings forth a significant reduction in transaction fees, offering customers savings of up to 25% compared to prevailing market rates. Through this integration, Airtel Money users will…

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Absa Bank Kenya Launches Wezesha Stock, a Digital Platform to Boost Inventory Management and Trading for SMEs

Absa Bank Kenya has launched a new digital platform, Wezesha Stock, which aims to boost inventory management and trading for small and medium-sized enterprises (SMEs). Wezesha Stock is a real-time digital platform that will automate stock financing for retailers to complement their financing needs. It will also provide the capability to onboard retailers, manage stock…

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