Author: David Indeje

The government will start deducting 1.5% housing levy by the 9th of every succeeding month beginning May according to the Ministry of Housing and Urban Development. “…provided that the sum of the total monthly contributions shall not exceed KSh5,000. Voluntary contributions may also be made to the scheme at a minimum of KSh2,000 per month,” the ministry said. “The Housing Fund shall be used to finance the Affordable Housing Scheme under the Big 4 Agenda,” the notice reads. The levy is expected to generate close to KSh57 billion annually from about Ksh 2.5 million salaried Kenyans. Additional revenue is expected…

Kenya Breweries Ltd, emerged the overall winner 2019 Energy Management Awards winner as a company ensuring energy efficiency by the Kenyan Association of Manufacturers (KAM). It won four other awards – Electricity Savings Large Consumer, Fuel Savings Large Consumer, Energy Innovation and Best Energy Management Team. The brewer also was the runners up in the water efficiency category. https://twitter.com/KenyaBreweries/status/1116992380048171008 East African Breweries Limited, through its Twitter feed, said “Through efficient energy use, we believe that we will continue to thrive as a business! KBL Supply Chain Director Patrick Kamugi encouraged manufacturers to continue prioritizing energy efficiency. “Ensuring access to affordable,…

The logistics industry in Kenya will continue to expand exponentially from ‘godowns’, to higher quality A- and B-grade warehouses according to Broll Property Intel and Knight Frank reports. Developments in the manufacturing industry, transport and storage, wholesale and retail, and establishment of Special Economic Zones (SEZs) will drive demand for logistics services. “The Kenyan logistics sector is directly impacted by the performance of all sectors of the economy and in particular the industrial sector, which includes the import and export of goods (warehousing),” said Vivian Ombwayo, Broll Kenya’s Head of Research and Valuations, during the launch of the Kenya Logistics…

Kenya’s business community has realized savings estimated at KShs. 2.5 billion when the implementation of the National Electronic Single Window System (Kenya TradeNet) begun in 2016. According to Kenya TradeNet CEO Amos Wang’ora 11,400 users are registered in the National Single window, 36 of them being government agencies. “The System has simplified trade procedures and processes, resulting to reduced delays, improved convenience, substantial cost savings, and improved collaboration,” he said during the signing of a KSh150 million partnership with TradeMark East Africa (TMEA). So far, more than 1,707,642 permits have been processed through the TradeNet System since it went live.…

The economic outlook in Kenya has been lowered by 5.7% in 2019, a slight decrease from the estimated 5.8% growth experienced in 2018 by the World Bank. “The medium-term growth outlook is stable but recent threats of drought could drag down growth,” the World Bank said on Tuesday while releasing its 19th Kenya Economic Update (KEU), Unbundling the Slack in Private Investment. “Risks include drought conditions that could curtail agricultural output, especially if the country’s grain-growing counties are affected.” Stephanie W. Kimani, Research Economist, Commercial Bank of Africa collaborates this, “growth forecasts for Kenya have remained bullish with the central…

The Government plans in unveiling a credit guarantee scheme for small and medium enterprises (SMEs) in order to boost economic growth, Kenyan President Uhuru Kenyatta said on Thursday. Kenyatta said the scheme will address the challenges of access to credit, training and skills development. “In this regard, we will be launching an “SME Credit Guarantee Scheme” in few weeks, aimed at deepening their access to credit without being subjected to complex application procedures and collateral requirements,” said the President when he delivered a state of the nation address at a joint sitting of both Houses. He said his administration recognises the…