Remu seeks investor nod to raise capital

CBK licensed Remu as a deposit-taking microfinance in 2011. FILE PHOTO | NMG

Remu Microfinance Bank plans to raise its authorised shares 66.67 per cent or by 200 million units to accommodate future capital raising.

The small-sized micro finance bank (MFB) has asked shareholders to allow the increase from 300 million shares to five 500 million at an annual general meeting (AGM) scheduled for September 29.

PAYE Tax Calculator

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