Category: Business
-
An aerial view shows the skyline of downtown in Nairobi, Kenya October 8, 2024. Picture taken on October 8, 2024. REUTERS Manufacturers continue to decry the high and unpredictable tax regime in the country, saying it remains a great impediment to foreign direct investment in the country. This, as the country seeks an ambitious target…
-
Traders at Toi Market, Nairobi. Traders dealing in second-hand goods at Toi Market have raised serious concerns about the heavy losses they are incurring due to high taxes imposed on them each time they purchase goods. They also accuse officials from the Nairobi County Government of constant harassment, which has forced many to abandon their…
-
The Kenya Revenue Authority (KRA) has appointed new leadership to strengthen institutional capacity and enhance service delivery. In a statement on Thursday, KRA announced the appointment of Nancy Ng’etich as the Commissioner for Shared Services Department. KRA noted that she took up the role in acting capacity since February 2023, where she has overseen organizational…
-
Taita Taveta county officials, in a meeting with a multi-sectoral delegation, including officials from the Kenya Space Agency, the Ministry of Agriculture and Livestock Development, and the Agriculture and Food Authority’s Coffee Directorate. (Photo: Courtesy) Farmers in Taita Taveta County have welcomed a government-backed programme to revive the region’s collapsed coffee industry, raising hopes of…
-
The Ministry of Roads has announced plans to raise Sh175 billion through the recently increased Fuel Levy, with the money set to clear pending bills and accrued interest owed to contractors by the end of December 2024. Appearing before the National Assembly Committee on Implementation in Eldoret, Roads Principal Secretary Joseph Mbugua said the government…
-
The Kenya Revenue Authority (KRA) appointed new leadership to strengthen institutional capacity and enhance service delivery. KRA announced Thursday the appointment of Nancy Ng’etich as the Commissioner for Shared Services Department. Rispah Simiyu, who served as Commissioner for Domestic Taxes, was seconded to the Ministry of National Treasury and Economic Planning. KRA noted that Ngetich took up…
-
Ministry of Investments, Trade and Industry will work with Konza to package and promote its opportunities. This will be made possible through KenInvest. MITI Cabinet Secretary Lee Kinyanjui revealed that the opportunities will include promoting same at investment and trade forums, and I. International missions. “As MITI, we will work closely with Konza through KenInvest…
-
For more than a decade, James Mwangi, a small-scale entrepreneur from Nairobi, could not understand why every venture he started collapsed within months. From agribusiness to transport and even retail shops, nothing ever worked. Each failure left him more frustrated and deeper in debt. Doctors and financial experts gave him advice. Friends encouraged him to…
-
The Government of Kenya, through the Kenya Roads Board (KRB), has launched the Roads Levy Securitization Program to accelerate investment in road infrastructure and ensure timely payment of contractors. This innovative financing framework securitizes a portion of the Road Maintenance Levy Fund to raise USD 1.35 billion (Ksh175 billion) for critical road development. Funds raised…
-
I love NewYork sign When Nairobi Governor Johnson Sakaja rolled out ‘Let’s Make Nairobi Work’ he was responding to a familiar problem: a capital whose image and day-to-day functioning have been dented by hawking, matatu disorder, erratic garbage collection and visible breakdowns in public services. Nairobi is far from unique, cities and countries around the…