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Kenya: KRA to focus on debt recovery to bridge revenue collection gap

Kenya Revenue Authority plans to enhance debt recovery to help it meet its revenue collection targets. KRA’s Commissioner for Domestic Taxes, Elizabeth Meyo has asked the staff to focus on pending bills, non-compliant suppliers/withholding agents/importers, and dispute resolution mechanisms to meet the targets. Meyo said that the authority collected Sh 24.73 billion in June this […]

Kennedy Uzoka

UBA rakes in N89.1bn profit after tax

United Bank for Africa Plc (UBA) has posted a profit after tax of N89.1 billion for the financial year ended Dec. 31, 2019. The profit after tax represented a growth of 13.3 percent to N89.1 billion compared with N78.6 billion recorded in the correpsonding period of 2018. Its profit before tax stood at N111.3 billion […]