Author: David Indeje

BOC Kenya has named Ruben Chetty as Non-Executive Director, replacing Andy Gouws who has resigned following his retirement. Chetty currently holds the position of Commercial and Business Development Manager for African Oxygen Limited (Afrox) Emerging Division. He joined Afrox in 2007 and has held various senior roles in the areas of sales and marketing. “His extensive experience in the industrial gases market and his strategic and commercial insights will be of immense value to the board of BOC,” said Ms. R.T Ngobi, the Company Secretary on behalf of the Board. Gouws was appointed as a non-executive director in November 2016.…

Kenya’s central bank has unveiled the country’s new generation coins that will be in circulation beginning Tuesday. President Uhuru Kenyatta and the Central Bank of Kenya Governor Dr. Patrick Njoroge unveiled the new currency as stipulated under the 2010 Constitution. “The new coins bear a significant aspect of our nation, and therefore will serve as a means of passing knowledge, conserving culture and promoting our global uniqueness. By engraving the selected images in the coinage, an awareness of our country and its characteristics will be revitalized, giving physical expression to a Newly Reborn and Prosperous Kenya,” said Dr. Njoroge. The…

A regional Clearing Agents Framework will facilitate free trade and industrialisation will enhance trade facilitation and border control within the East African Community. This is according to Mr. John Njiraini, Commissioner General at Kenya Revenue Authority (KRA)  also emphasised that the harmonization of customs systems will ease sharing, exchange of information and harmonization of business processes. “We should have Information Systems compatibility to give us visibility of across the systems platforms to monitor and track the goods declaration and clearance processes across our borders,” Njiraini said. The Commissioner-General said the use of Regional Electronic Tracking System (RECTS) as a step…

Kenya’s private sector expanded at a slower pace in November at 53.1 in November compared with October’s 54.0. The Markit Stanbic Bank Kenya Purchasing Managers’ Index(PMI) for manufacturing and services fell to 53.1 in November from 54.0 the previous month. A reading above 50.0 marks growth. “Despite the Stanbic PMI dipping slightly in November, purchasing activity remains solid,” said Jibran Qureishi, regional economist for East Africa at Stanbic Bank. Besides, the output and new orders rose at a softer pace and export demand growth was the weakest in ten months. “The level of growth remained solid with anecdotal evidence showing…

In Kenya, a tax compliant certificate is issued by the Kenya Revenue Authority (KRA) upon request by a taxpayer as proof of his or her compliance with remittances within a 12-month period. Personal income tax returns are due 30 June following the end of the tax year, with any balance of tax due by 30 April. KRA administers different types of taxes under different Laws (Acts) such as Income Tax, Value Added Tax, Custom duties and Excise Tax among many others. Hence, KRA is supposed to ensure taxpayers comply with the respective tax laws. As a result, both direct and indirect…

“No one is immune from HIV. Not you, not me—irrespective of whether you are rich or poor. But we can protect ourselves and our loved ones. And we can show compassion for all people living with HIV,”  UNAIDS Executive Director, Michel Sidibé. Saturday, December 1, 2018, will be a day many will be refreshing their collective memories about the prevalence of the scourge amongst us and an eye opener of what remains to be done to reduce its incidence. All will be aimed at improving universal access and according to the basic rights of HIV victims while also giving an…