Port of Mombasa Hits 1.4 Million Containers in 2019
The Port of Mombasa container handling section bet its set target of 1.35 million TEUs (Total Equivalent Units) for 2019, closing the year at a capacity of 1.4 million TEUs. [...]
KRA Re-Introduces Turnover Tax From January 1st, 2020
The Kenya Revenue Authority has re-introduced turnover tax, in line with the Finance Act, 2019. Businesses whose income does not exceed KSh 5 million will pay 3% on gross sales, [...]Ghana Will Join 8 West African Countries to Use New Currency Eco
Ghanaian President Akufo-Addo has announced that the country will join 8 other West African countries to use Eco. Ghana will ditch Cedi, its current currency, and join Eco next year [...]Civil Servants' SACCOs Lead Other SACCOs
Government-based Deposit Taking-SACCOs control the majority of assets and deposits in the Sacco sub sector. The big players in this category include Stima Sacco with assets worth Sh 32.3 billion, [...]
Kenya Roads Board seeks advisors for KSh 150 Billion financing
The Kenya Roads Board is seeking for Transaction Advisers and Lead arrangers for KSh 150 Billion financing. In a tender notice, the Roads Board, a state corporation under the Ministry [...]Wealth Declaration Forms: – Will These Nab Rogue Public Officers?
The countdown for chief executives, directors and employees of public institutions to declare their income, assets and liabilities has started. They have until December 31 to do so. This is [...]Standards and Quality Infrastructure Reforms Taskforce Established
Industry, Trade and Co-operatives CS, Peter Munya, has appointed a taskforce that is meant to champion the Standards and Quality Infrastructure Reforms in Kenya. The taskforce's roles include review and [...]Uhuru Demands Low Taxes for MSMEs
President Uhuru Kenyatta has called for an overhaul to Kenya's tax regime to lower taxes for Micro, Small, and Medium Enterprises (MSMEs). In a directive to KRA and the National [...]
Treasury Releases Funds to Counties Showing Acceptable Plans to Clear Pending Bills
A statement from the National Treasury shows that 18 counties that showed acceptable plans to clear pending bills received reimbursements for November. Acting Treasury CS, Ukur Yattani, says that the [...]Government to Re-advertise Auditor General's Position
The government will re-advertise the position of Auditor General after failure to find Edward Ouko's successor in the first round. A committee tasked with selecting a candidate from 17 shortlisted [...]CRBC Withholds Key Detail in SGR Deal Review
The Chinese firm, China Road and Bridge Corporation (CRBC), has withheld key details in the recent SGR deal review, arguing that the information is sensitive and private. This has ensued [...]Government Urged to Boost Broadband Coverage in Line with Big Four Agenda
Experts have urged the government to improve broadband coverage to stimulate the growth of ICT in realization of the Big Four Agenda. Alex Fares, CEO Unitel Services Limited, notes that [...]
