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Last week, Kenyans who purchased tokens worth Ksh250 received 8.87 units whereas on Wednesday, the same amount only accounted for 7.82 units. In a breakdown, the change in token value was occasioned by the sharp increase in the forex adjustment charge which rose from Ksh28.11 to Ksh50.53. The forex adjustment is the forex charge deducted … Read more
The Kenya Revenue Authority (KRA) requires manufacturers and importers of excisable goods to affix KRA Excise Stamps on their products. These stamps help combat counterfeiting, track goods, and ensure tax compliance. If you’re a business owner dealing with excisable products, this guide will walk you through the process of acquiring excise stamps in Kenya. What Are KRA … Read more
In the heart of Kenya’s bustling economic scene lies a revolutionary tool reshaping how money moves – M-Pesa. Launched in 2007 by Safaricom and Vodafone, M-Pesa Agent has become more than just a mobile money service; it’s a lifeline for millions. This ingenious platform allows users to deposit, withdraw, transfer money, and pay for services … Read more