Cabinet okays sale of Development Bank of Kenya

Cabinet meeting

President William Ruto chairs a Cabinet meeting at State House, Nairobi. PHOTO | PCS

Kenya will put up for sale one of its two remaining State-owned banks. This is after the Cabinet approved the privatisation of the Development Bank of Kenya (DBK).

The Cabinet Secretary for the National Treasury is now expected to gazette the privatisation programme, setting the stage for another acquisition in the banking sector.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.