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23 Insurance Companies Risk Closure as Govt Warns Loss-Making Saccos
The Insurance Regulatory Authority has revealed that 23 Kenyan insurance companies ended 2023 with a Ksh32.2 billion capital shortfall, raising fears of potential closures due to non-compliance with minimum capital requirements. At the same time, the government has issued a stern warning to loss-making Saccos against using borrowed funds to pay dividends.
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23 Insurance Companies Risk Closure as Govt Warns Loss-Making Saccos
The Insurance Regulatory Authority has revealed that 23 Kenyan insurance companies ended 2023 with a Ksh32.2 billion capital shortfall, raising fears of potential closures due to non-compliance with minimum capital requirements. At the same time, the government has issued a stern warning to loss-making Saccos against using borrowed funds to pay dividends.
5 Things Financially Successful People Do Differently🤑💡
Unlock the Secrets to Wealth! 🗝️💰 Ever wondered what sets financially successful people apart? It’s not luck; it’s their unique habits! Discover the five powerful practices that can elevate your financial game and set you on the path to prosperity.
New Phone IMEIs to be Connected to KRA Portal
All new mobile phones—whether manufactured locally or imported—must be registered with the Kenya Revenue Authority (KRA). Also, Junior Secondary School (JSS) teachers will need to wait longer for their permanent and pensionable terms, with recruitment now set to begin in January 2025.
5 Important People to Spend Your Money On 💰🤔
Have you ever given so much that you find there’s hardly anything left for yourself or those who truly matter? Let’s take a moment to reflect on whom we spend our money on and explore how our financial choices can impact our wallet wellness!
KRA to Track Crypto Transactions
The Kenya Revenue Authority (KRA) is set to implement a real-time tax system to integrate with cryptocurrency exchanges, aiming to capture taxes from millions of crypto transactions. Also, the government has announced a rise in minimum wages for workers across various sectors.
How To Decide If Something Is Worth Spending Money On 🤔
Is It Really Worth It? 🤔 Want to know if a purchase is truly necessary or just an impulse? Elevate your spending strategy with five key tips to help you avoid buyer's remorse and ensure your purchases align with your financial goals.
