SMEs in Kenya have a wealth of funding options at their disposal. This article explores various sources of financing, from traditional banks to angel investors and digital lenders, providing insights into how SMEs can access the capital needed to fuel their business endeavors and thrive in Kenya’s dynamic business environment.
Discover how Safaricom implements transfer pricing in Kenya, ensuring adherence to local tax regulations and international standards. Learn about essential steps in this process, such as evaluating related transactions, conducting benchmarking analysis, creating documentation, ensuring compliance, and maintaining ongoing monitoring.
Explore the importance of transfer pricing in international business and taxation, focusing on tax optimization, legal compliance, risk mitigation, financial performance, and global strategy.
The NHIF Amendment Act, 2022, received approval from the Kenyan Parliament on December 21, 2021, and was subsequently signed into law by the former President on January 10, 2022. This Act serves to amend the National Hospital Insurance Fund Act of 1998 and introduces several significant changes to the NHIF’s functioning and scope.
Let’s explore the Affordable Housing Levy, a mandatory contribution that both employers and employees must make each month. This levy is set at a rate of 1.5% of the employees’ gross monthly salary for both employers and employees, with no maximum cap regardless of an employee’s earnings.
The proposed Bill seeks to introduce significant changes to Personal Income Tax. One notable change is the creation of a new tax bracket with a higher tax rate of 35% for individuals whose monthly income exceeds KES 800,000. For those earning less than KES 500,000, the current tax rate of 30% will continue to apply.
Imagine a future where you’re lounging on a tropical beach, sipping a refreshing cocktail, and living your best life during retirement. Sounds dreamy, right? However, for many Kenyans, retirement often becomes a time of financial hardship due to low savings rates and limited access to formal retirement plans.
Investing your hard-earned money is a fantastic way to make it work for you and grow your wealth over time. Yet, with the myriad of investment options available, it’s easy to feel overwhelmed and unsure where to begin
Taxes and levies are fundamental elements of the financial landscape in Kenya. They play a significant role in government revenue generation, public service provision, and infrastructure development. Having a comprehensive understanding of taxes and levies is crucial for individuals and businesses to navigate the financial landscape effectively. This article aims to demystify these concepts and shed light on their impact on personal and business finances in Kenya.
Safaricom is a leading telecommunications company in Kenya. It has been operating in Kenya for over 20 years and has grown to become one of the largest and most successful companies in the country.
Regardless of its size or stage of growth, we believe that every business needs strategic financial advisory and practical technical support at an affordable rate. Our part-time CFO/Finance Director services is meant to offer corporates and SME financial advisory and technical support in relation to enhancement of internal controls, debt management and related procedures and procurement processes.
Links Plaza, 3rd Floor, Links Road, Nyali
P. O. Box 90056-80100 Mombasa, Kenya
+254 -719-818-292
office@bellmacconsulting.com
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