Unlike in previous years, KRA will be required to get Parliamentary approval to effect the increase following changes to the law introduced in 2020.
The bad news is that bottom up in public sector won’t work as long as we are unable to slay the corruption dragon and our wasteful habits. It is one thing to shout bottom-up economic model but you must choose to walk Equity’s or Safaricom’s path to make it happen.
The decision to keep the benchmark Central Bank Rate interest rate at 7% after the Monetary Policy Committee (MPC) on 28th July was largely based on the fact that leading indicators for Kenya’s economy point to a relatively strong GDP recovery in the first half of 2021, mainly supported by strong performance of construction, information and communication, education and real estate.
Yet amid this sea of opportunity, most small businesses in Africa face obstacles such as poor access to finance and financial services; poor access to markets; poor access to information; and insufficient business resourcing. To help them grow – in turn, fostering inclusive growth and prosperity – it is essential to address these blockages.
In most countries, traditional energy grids cost a lot more than PV electricity. This offers Africa an opportunity to harness its abundant potential of increasingly cost-competitive renewable energy to meet the growing demand for electricity and pursue a climate-friendly, needs-oriented power strategy.
In auction number 29, which took place last week, the absorption rate of offered teas improved to 19%, while the average price appreciated by 22% from 1.99 USD to 2.43USD/KG for the specific gardens that sold, a growth of 0.44 USD (Kes. 47) per Kilogram compared to auction 27 when the reserve price had not been introduced.
Orange Democratic Movement (ODM) Presidential aspirant Jimi Wanjigi today said the country needs a liberation movement to lift Kenyans to a new economic frontier,...
During her speech the Principal Secretary Dr. Margaret Mwakima stated that the Ministry has taken note of Huawei initiatives to develop the ICT and digital talent of the youth in the country and beyond.” It is for this reason that the ministry will sign a partnership to expand Huawei ICT Academies in our TVET institutions.” she added.
There’s also room for competition between countries, especially if we want to see economic growth and digital transformation in Africa as a whole. Following the successes of countries like South Africa, Botswana, and Kenya – the Silicon Savannah – expectations are mounting for African governments to prioritise ICT plans and infrastructure.