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NEWS
KCB Group Completes Acquisition of DRC-based Trust Merchant Bank
KCB Group has announced the completion of the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals. The Group now owns 85% stake in the Democratic Republic of Congo (DRC) based lender. KCB Group obtained the regulatory green light in Kenya, the Democratic Republic of Congo and the COMESA Competition Commission, setting the stage for the…
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NEWS
KRA intercepts uncustomed ethanol worth Kshs. 10.9 Million
Kenya Revenue Authority (KRA) in collaboration with the multiagency team has intercepted a truck carrying 54 drums of uncustomed ethanol. The drums were carrying 250 litres each with an estimated market value of Kshs. 10,900,000. The ethanol had a tax implication of Kshs. 6,700,000. The consignment was intercepted along the Kacheliba-Makutano route in West Pokot County. The Multiagency team based…
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