ECONOMY

It takes approximately four and a half hours to travel by SGR train from Mombasa to Nairobi, a trip that usually takes almost 10 hours by bus. This is How to Book SGR online.

TAQA Dalbit has announced the commissioning of Tanzania’s first integrated Compressed Natural Gas (CNG) filling station and conversion centre branded Master Gas located at Pugu Road-Airport Area in Dar es Salaam.

NCBA Economic Forum noted that the Kenya’s economic growth path potentially faces several challenges including foreign exchange pressure occasioned by weak shilling and low official FX reserves, uncertain weather conditions and persistently high inflation.

Equity Group Managing Director and CEO, Dr James Mwangi, has called for increased social inclusion of refugees in Africa.

The Kenya Tourism Board (KTB) is seeking to grow tourism arrivals into the country to 5.5 million in the next five years, as it reaches out to private sector players for collaborative efforts to market the country.

Large taxpayers are those who accrue an annual income of up to Ksh1.3 billion.

The Kenya Revenue Authority (KRA) has pledged to address challenges faced by informal sector in a bid to encourage them to pay taxes.

The re-deployment follows Lilian Nyawanda release by the National Treasury and Economic Planning, where she served on secondment.

Through a financing agreement between Family Bank and DigiFarm, the farmers based in Mbeere North and South sub-counties will borrow the funds digitally through the agri-tech platform.

Previously a physical process, the KRA online auction is part of technological strategies aimed at streamlining tax administration procedures to enhance service delivery and improve revenue collection.

Kenya is expected to harvest more than 17 million bags of maize in six out of the 47 counties.

The Central Bank of Kenya Monetary Policy Committee (MPC) has retained the Central Bank rate (CBR), Kenya’s signal interest rate at 10.5%, citing a fairly stable inflation regime.

The Johos through their logistics company Autoports Freight Terminals have for the past two years enjoyed a monopoly in  handling cargo destined from South Sudan from Kenya, thanks to a lucrative contract signed with Kenya Railways Corporation (KRC).

His recent forays into the green energy sector, however, paint a picture of a man on a mission. In the past year, Raval has been on a run investing in power generation plants.

Commonwealth Secretary-General, the Rt Hon Patricia Scotland KC, has emphasised that collaboration is needed more than ever before to build a resilient tourism sector.

Kenya's online infrastructure faced one of the biggest large-scale attacks it has ever experienced on Thursday, July 27 - as key online government services as well as mobile money systems were hit, exposing massive cyber-security vulnerabilities.

Betting Taxes: Revenue collection in the betting and gaming sector has registered a significant growth after Kenya Revenue Authority (KRA) collected over Ksh15.1 billion from Excise on Betting and Withholding Tax on Winnings from the betting sector.

The move, according to Kuria, is meant to enable Kenyans to purchase cooking oil in smaller quantities.

Kenya has in recent months been on a charm offensive meant to attract investment by American firms, including Amazon, into the country, through programs including the US-Kenya business roadshow launched in April this year.

Following engagement with stakeholders including representatives of PSV operators, the government has announced on Tuesday, July 11 that the retesting exercise had been postponed to September 1st, 2023.

The increase of fuel prices is inevitably set to trigger further increases on prices of key items, as manufacturers and transporters  farmers pass the additional costs on to consumers.

Two Rivers stated that the SEZ would be the only one focused on the service sector in Nairobi. Enterprises operating in the SEZ will enjoy several benefits including various tax breaks.

Most notably, the deal guarantees immediate duty-free, quota-free access to the EU market for all Kenyan exports. It also lessens various restrictions on imports and exports deemed discriminatory or unjustifiable, and eases customs restrictions.

President William Ruto said the Cabinet will discuss the revival of Mumias Sugar with a view to securing land and make it profitable for both the county and sugarcane farmers. 

Equity Group is looking to acquire a controlling 91.93% stake for $48.1 million (Ksh6.71 billion).  According to Equity, the move would make it the second-largest lender in the Rwandese market, strengthening its regional ambitions.