Kenya Flower Council, the representative body for growers, exporters and relevant cut-flower and ornamentals value chain actors, says implementation of the Horticulture (Crops) Regulations need to be halted. The council in a statement Tuesday said the implementation of the regulations which took effect on January 1st have increased Agricultural Produce Cess levy from the previous 30 cents per kilo to 0.25% of the customs value. “This translates to at least four times what exporters have been paying until December 2020,” Clement Tulezi, CEO KFC said. “We would like you to note that despite our continued engagement on the Horticulture (Crops)…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Budget airline Jambojet said on Tuesday announced a 72-hour sale, offering 10,000 seats at a discounted rate of Ksh 2,100 one way to usher in the new year. The three-day sale is part of the #NowTravelReady campaign which will run from 5th January to 7th January 2021. The tickets will be valid for local travel between 11th January and 20th March 2021. https://twitter.com/FlyJambojet/status/1346177697161093122?s=20 “Throughout 2020, we provided our customers with attractive incentives to encourage them to fly in the new normal. As we start the new year, we remain committed to providing affordable, safe and reliable experience with the customer…
Kenya has extended the night curfew and other COVID-19 measures aimed at minimising the spread of the virus as schools re-open. On Sunday, Interior Cabinet Secretary Fred Matiang’i cited an Executive Order issued by President Uhuru Kenyatta. “The President has issued an Executive Order extending some of the containment measures to ensure that the eco-system within which our children are going to school remains manageable,” he said. The measures extended include the closure of bars by 9 pm as directed by the President on November 4 when he revised the night curfew to start from 10 pm to 4 am.…
The Kenya Shilling depreciated by 7.7% in 2020. The currency closed at Kshs 109.2 against the US Dollar, compared to Kshs 101.3 recorded at the end of 2019. According to Cytonn Investments, the depreciation was driven by the decline in dollar receipts from dollar-earning sectors such as tourism and horticulture in addition to high demand for hard currency from investors. Consequently, the county’s foreign exchange reserves have been on the decline but well above the statutory requirement of maintaining at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover. Cytonn maintains a neutral…
Kenya formally joined the UN Security Council as a non-permanent member for a two-year term. Regional peace and stability will shape Kenya’s agenda at the UNSC based on its 10-point agenda. “Kenya will focus on matters that really matter which are peace in Somalia, supporting South Sudanese government, fighting terrorism, and work with regional governments to improve the East African region, ” President Uhuru Kenyatta. Kenya’s pledges Building bridges: Strong advocate for a reformed, strengthened and representative United Nations rooted at the centre of a rules-based international system. Kenya will promote a culture of peace, tolerance and of respect for…
Having suitable car insurance is both prudent and smart, but there’s no question that it adds to the expense of driving. The good news is that premiums can vary by hundreds of shillings depending on a number of factors. Review your coverage at renewal time to make sure your policy is in line with your needs, and follow these practical steps to reduce the bottom line on your car policy. Price comparison Prices for the premiums differ from one underwriter to the other, so it is wise to shop around and compare prices. You can download mTek Services App from…