ECONOMY

The African leather showcase is spearheaded by the Leather & Hide Council of America, Africa Leather and Leather Products Institute, and coordinated in Africa by the Center for Business Innovation and Training.

KRA Commissioner General, Mr Humphrey Wattanga, highlighted the impact of the Revenue Service Assistants, stating that they have contributed to an extra Ksh180.594 million in revenue collected in the field over the last six months.

Isuzu East Africa and the Cooperative Bank have announced an asset finance scheme designed for schools and businesses that desire easier financing terms.

Formalisation of Kenya’s innovation and  entrepreneurship ecosystem has commenced with eight universities selected to train intermediary organisations among them  incubators,  accelerators, and rapid technology skills providers.

Kisumu National Polytechnic Chief Principal Catherine Kelonye says construction of the textile factory work has reached 85%, and the contractor is expected to hand over the facility by the end of this financial year.

Kenya’s economy is set for a shakeup after the government revealed plans to establish the Kakamega Gold refinery.

Kenya Revenue Authority (KRA) would has reiterated that businesspeople including those in the informal sector and small businesses are required to electronically generate and transmit invoices via the electronic Tax Invoice Management System - eTIMS.

Kenya is putting many thousands of shillings in the pockets of those at the bottom end of the pay scale than any of her counterparts, Uganda and Tanzania, in East Africa - it has the highest minimum wage.