The bill seeks to amend Section 25 of the Kenya Information and Communications Act to require anyone operating a telecommunications service to “obtain the relevant licences from the respective regulators of any industry ventured into.”
Led by former CEO Nathaniel Tum, the private shareholders have summoned an annual shareholder meeting. They plan to appoint new directors and a new Chief Executive, and to declare dividends for the past six years. The government has insisted that the firm is a parastatal majority owned by the government, while private shareholders lay claim to 60% stake in the firm.
The ease of sending and receiving funds via mobile money in Kenya, as well as the country's relatively high internet penetration rate have contributed to their rise. These factors, combined with Kenya's youth unemployment rate (39% according to 2019 Census data) has created a monster that has left financial services regulators scratching their heads.
Numerous Kenyan freelancers have been left frustrated and distressed thanks to their experiences with the service. With payments withheld and some losing their accounts in questionable circumstances, more of them are searching for alternatives.
With bars' operating hours in Kenya restricted due to Covid-19 restrictions, many bartenders have been engaged in other activities even as others grapple with unemployment and wage cuts. It is expected that the program will offer them an opportunity to use the time on their hands to upgrade their skills to world-class standards, placing them in a good position to bounce back from the shocks of the pandemic.
The VDTP provides a platform for a taxpayer to disclose tax liabilities that were previously undisclosed to the Commissioner for the purpose of being granted relief of penalties and interest arising from the tax disclosed.
In rejoining Standard, Kyallo is making a return to KTN, the station she quit for Mediamax-owned K24 in 2018. She left Mediamax in mid-2020 as the management engaged employees in a publicized, protracted battle over wage cuts due to the Covid-19 pandemic.
From highs of Ksh307.27 in April 2013, Nation has seen its share price fall to Ksh13.40 as of Wednesday, February 24. The firm's earnings have declined 27.8% per year over the past five years
Centum Chief Executive James Mworia asserted that the firm was keen on complimenting President Uhuru Kenyatta's affordable housing agenda. The Cascadia development includes one, two, and three bed roomed apartments, duplexes and town houses totaling 450 units, in 17 floors.