Sansa Digital’s Post

As we approach the weekend and prepare to welcome a new month, many business owners across Kenya are facing unprecedented challenges due to the ongoing #RejectFinanceBill2024 protests. These protests have led to widespread vandalism and robbery. The resulting property damage and financial losses have left many entrepreneurs and business owners struggling to keep their doors open and maintain their livelihoods. As Proficient Credit Ltd, we are deeply committed to supporting our local business community during these challenging times. We understand the hardships you are facing, and we are here to help. What We Do: * Provide short-term financing to help entrepreneurs meet their immediate business needs, allowing them to sustain operations and manage unforeseen expenses. * Offer staff salary loans to employees to meet their short-term personal financial needs, ensuring they can continue to support their families and contribute to their workplaces. * Supply working capital to businesses to meet their short-term obligations, enabling them to weather financial storms and maintain stability. We believe that offering efficient credit solutions is a critical step in helping businesses regain their financial footing. By providing tailored financial support, we can help businesses recover from their losses and rebuild stronger than before. Our commitment is to stand by our fellow entrepreneurs and employees, providing the necessary financial tools to stabilize and grow our economy. Let's come together as a community to rebuild and support our local businesses. By working hand in hand, we can overcome these difficulties and create a brighter future for Kenya. With the right financial tools and collective effort, we can help our businesses bounce back and thrive.💪 📞 Call our office at +254 703116868 | 0733891309 to learn more about how we can support your business. #Kenya #Finance #SupportLocalBusinesses

Think Local, Buy Local, Act Local Five years ago, I wrote a column highlighting the importance of not only ensuring national and local government prioritise buying goods and services from Welsh firms but the imperative that we should all, as consumers, do our best to support local businesses. Fast forward to 2024 and it's now even more critical to support local small firms given that a study suggested that local retailers return up to 68% of their revenue to the local economy in the form of locally purchased wages, goods, services, profits and donations, whereas larger businesses spend only 43% locally. Given this, it would be good to see the Llywodraeth Cymru Economi | Welsh Government Economy finally committing to "Think Local, Buy Local, Act Local" campaign to help highlight why small firms should supported across the country at a time when they need every help possible. #buylocal #localbusiness #procurement

Government Revenue Diversification Vs. Alternative sources of funding In light of the protests in Kenya, many African nations are grappling with ways to generate funds to finance their expenditures. The pressing issue for leaders now is whether to diversify revenue or seek alternative sources of funding. #Government revenue #diversification and alternative sources of funding are related but distinct concepts. Government #revenue diversification focuses on the variety of income sources a government has. It's about enhancing #financial #stability and spreading out the reliance on any one source, like taxes, fees, or natural resources. #Alternative sources of #funding emphasizes finding new ways for the government to generate income. This could be entirely new #revenue streams, which could be used for specific projects or needs beyond regular budgetary sources or changes to existing ones, but it doesn't necessarily imply diversification. So, diversification inherently involves exploring alternative sources, but finding alternative sources doesn't always lead to diversification. For example, the government might find a new, more efficient way to collect property taxes. That's an alternative source, but it wouldn't necessarily diversify the revenue stream since it's still relying on taxes. While both aim to reduce financial risks and increase stability, diversification focuses on everyday income, while alternative funding often targets specific projects or investments. Got creative ideas for alternative funding? Share your thoughts and help shape our financial future!

Automating your savings can significantly improve your finances by transferring income directly into your savings account after payday. This ensures you pay yourself first and saves consistently without lifting a finger. #ChoraPlan #PlanYourMoney Kenya Bankers Association

KRA: ‘We noticed you made a profit.’ Me: ‘Define profit... because I haven’t seen it yet!’ 😅 Running a small business in Kenya means wearing many hats, marketer, manager, and sometimes even magician! But when it comes to tax season, reality hits hard. Let’s keep navigating compliance, one shilling at a time. 💼💪 #TaxSeason #KenyaSMEs #SmallBusinessLife #TaxCompliance #KenyaTaxes"

𝐇𝐨𝐰 𝐭𝐨 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐚 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐢𝐧 𝐑𝐰𝐚𝐧𝐝𝐚 𝐚𝐬 𝐚 𝐅𝐨𝐫𝐞𝐢𝐠𝐧𝐞𝐫 Rwanda offers a dynamic business environment for foreign entrepreneurs. Follow these simple steps to register your business in Rwanda and start your journey as a business owner. 𝐊𝐞𝐲 𝐒𝐭𝐞𝐩𝐬 𝐭𝐨 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐘𝐨𝐮𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐲: ➡️ Choose Your Business Structure: Decide between a Limited Liability Company , Branch, or Subsidiary based on your business goals. ➡️ Register with the Rwanda Development Board (RDB): Create an account on the RDB’s Business Registration System. ➡️ Choose a unique company name. ➡️ Submit required documents (passport, proof of address ➡️ Provide your email & telephone ➡️ Obtain a Taxpayer Identification Number (TIN): Register with the Rwanda Revenue Authority (RRA) for tax purposes. ➡️ Register for VAT: If your annual turnover exceeds the VAT threshold (20,000,000frw) register for VAT with the RRA. ➡️ Open a Bank Account: Set up a corporate account with a local Rwandan bank to handle your business transactions. ➡️ Register with Social Security (RSSB): If you plan to hire employees, register with the Rwanda Social Security Board for employee welfare contributions. ➡️ Obtain Necessary Licenses: Depending on your business type, ensure you secure any required permits or licenses from relevant authorities. Ready to Start Your Business in Rwanda? Let us help you navigate the process seamlessly! Visit our website https://lnkd.in/dvp42Ymb today to get expert advice and support on registering your company in Rwanda. Got Questions? Feel free to drop your questions below or reach out to us directly through our website!

Insight💡The President's withdrawal of Kenya's Finance Bill 2024, in response to widespread protests, signals a critical juncture in the nation's budget process. The legislative and procedural complexities, combined with the need for alternative fiscal strategies, underscore the significant impact of this decision on Kenya's economic landscape. In light of these developments, we analyse the Finance Bill 2024 withdrawal and the broader economic and legislative implications. Read more: https://lnkd.in/d28jmdjM Daniel Ngumy Kenneth Njuguna Dennis Chiruba Salma Khamala John Kiragu Mwangi Trevor Muoki #FinanceBill2024 #TaxLegislation #IncomeTaxAct #VAT #ExciseDuty #TransferPricing #TaxAmendments #TaxLaw #Kenya #ALNinsight

Discover the top 4 practical ideas on how to make money online in Nigeria. Whether you're a student, stay-at-home mom, or full-time employee, these tips will help you earn extra cash from the comfort of your home. Don't miss out on this opportunity to boost your income - read on now! https://lnkd.in/dgqaGR6q

Unlocking the potential of micro and small enterprises is crucial for Kenya's economic growth. Amrik Heyer's piece for FSD Kenya's 2023 annual report reveals a persistent gap in access to financial services for micro and small enterprises, despite notable improvements in financial inclusion. For more insights on the evolving landscape of MSE finance in Kenya and the imperative for targeted financial solutions: https://rb.gy/wkw1bx For the full FSD Kenya's 2023 annual report: https://rb.gy/x9qrpa #FSD2023AnnualReport #InclusiveFinance #MSEs

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