Depositors’ insurer nears split from Central Bank

Kenya Deposit Insurance Corporation CEO Mohamud Ahmed. FILE PHOTO | NMG

Kenya Deposit Insurance Corporation (KDIC) is working on a complete split from the Central Bank of Kenya after moving into its own offices and hiring new staff.

Transitioning KDIC from a department of CBK into a stand-alone State corporation was initially set to be completed in 2014 but the lack of substantive CEO for the first four years stalled the process.

PAYE Tax Calculator

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