The Absa Bank Kenya and Interswitch have signed an agreement that will see the payments and infrastructure firm offer technical support to small and medium enterprises to enable them to acquire the Kenya Revenue Authority (KRA) Online Tax Invoice Management System (TIMS) device.
The lender’s business banking director Elizabeth Wasunna said the partnership supports the government’s plan to increase revenue collections while enabling SME customers to comply with the KRA requirements without straining their cash flows, given the difficult operating environment.
