Young graduates with curious and innovative minds will have the opportunity to work alongside the brightest minds in the industry and work on projects that are changing the world of communication and thus become the future of the telecoms industry in Kenya and, more broadly in Africa.

Ericsson Launches Graduate Program in Kenya

Ericsson has announced the launch of its Graduate Program in Kenya with several graduates onboarded in 2020 and several more expected in 2021....

BUSINESS TODAY2 Mins read

NSE Chief Executive Geoffrey Odundo had noted that the State could raise Ksh792 billion by reducing its stake in some listed companies and relinquishing some stake in lucrative parastatals.

BUSINESS ECONOMY

Govt Turns Down NSE’s Ksh792 Billion Offer

The National Treasury has responded to proposals from the Nairobi Securities Exchange (NSE) for the government to reduce its stake in listed companies...

MARTIN SIELE2 Mins read

Kenya imports from Tanzania stood at USD 501 million and exports USD 403.9 million.

BUSINESS ECONOMY

KRA Barred from Collecting Minimum Tax as Businesses Protest

The Kenya Revenue Authority (KRA) was temporarily barred from collecting the minimum tax from businesses by the High Court on Monday, April 19....

MARTIN SIELE1 Mins read

The Kenya Revenue Authority (KRA) officers have intercepted suspected 6,000 litres of ethanol that had been smuggled into the country. The ethanol, packed in 25 drums, were concealed inside a lorry transporting 50 bags of maize each weighing 90Kg along Thika Road. The interception happened on Thursday 15th April at Juja within Kiambu County. The goods have an estimated tax value of Kshs. 2,224,875. The interception happened after KRA officers received information that Directorate of Criminal Investigations Officers (DCIO) based in Kayole had seized a Mitsubishi FH lorry with 25 drums 250 litres of a colourless liquid suspected to be ethanol. Customs Officers rushed to the scene and with assistance of DCIO conducted a full verification of the goods to confirm the description and quantities conveyed by the above truck. The verification confirmed the colourless liquid to be ethanol. The driver of the lorry, Charles Kanyuga Gitonga, was arrested and will be arraigned in court. Being in possession of uncustomed goods is a violation of law under section 200 (d)(iii) as read with section 210 (c) of The East African Community Customs Management Act (EACCMA), 2004. Conveying uncustomed goods is also a crime under section 199(b)(iii) of the same law- EACCMA, 2004. Punishment upon conviction on the two offences is imprisonment for a term not exceeding five years or to a fine equal to fifty percent of the dutiable value of the goods involved and a fine not exceeding five thousand dollars and the vehicle and goods in respect of which such offence has been committed shall be liable to forfeiture in the case of the vehicle owner is charged respectively. KRA, in collaboration with other government agencies, continues to be vigilant at all ports of entry to curb trade of illicit goods and other transnational economic crimes. Taxpayers are encouraged to pay their taxes and remain compliant with tax laws in order to avoid punitive enforcement measures including prosecution. KRA is building taxpayers trust through facilitation to compliance and endeavours to make taxpaying experience better through provision of a courteous and professional service.

BUSINESS

KRA Intercepts 6000 Litres of Ethanol Worth Ksh2.2 Million Tax

The Kenya Revenue Authority (KRA) officers have intercepted suspected 6,000 litres of ethanol that had been smuggled into the country. The ethanol, packed...

BUSINESS TODAY1 Mins read

The first step to saving money is to have a clear picture of what your expenses are, which will in turn help you budget.

Are You Sticking to Your New Year Finance Resolutions?

Every year we come up with New Year’s resolutions: something that we hope to do a little better than we did the previous...

BUSINESS TODAY3 Mins read

In September 2020, Playstation Plus unveiled its plans to carry over its users from the PS4 consoles to the new generation PS5 consoles. Sony announced that PS Plus members who purchase a PS5 will gain access to the Playstation Plus Collection. The PS Plus collection includes 20 titles that Sony considers as “generation-defining” for the PS4.

BUSINESS TECHNOLOGY

Number Of PlayStation Plus Subscribers Increased By 22% To 47.4M In 2020

PS Plus was launched in June of 2010 as the PSN’s premium service that is paid through a monthly subscription. Having PS plus...

BUSINESS TODAY1 Mins read

Before publishing information, ransomware gangs study the contacts of the company and identify well-known customers, partners and competitors. Kaspersky experts state that the main purpose of this is to maximise target damage, to intimidate victims and to increase the chances of getting a ransom.

BUSINESS TECHNOLOGY

Kaspersky Reveals 5 Game-changing Ways Ransomware Gangs Play Today

Over the past few years, the methods cybercriminals use to distribute ransomware has changed dramatically. While a few years ago, they would spread...

BUSINESS TODAY2 Mins read

A key benefit of storage technology is its unmatched flexibility, with the unique ability to respond rapidly to variations in solar PV and wind output. The result is a stable grid, regardless of renewable intermittency.

BUSINESS ECONOMY

Energy Storage to Enable Continued Growth of Renewables in Kenya

By Michael Ball, Project Development Manager for Africa and Europe, Wärtsilä According to the government’s power development plans, the next decade will see...

BUSINESS TODAY2 Mins read

BUSINESS MEDIA

Showmax Slashes Mobile Subscription Price by 20%

As of 19 April, Showmax mobile subscribers in Kenya will pay Ksh 300 a month for access to the full Showmax catalogue on a single mobile device. This is a 20% reduction...

BUSINESS TODAY1 Mins read