The Kenya Revenue Authority (KRA) is a very important component of the well-being of the general economic growth of the country. The truth is, without the KRA, there would be no development going on and the government would literally fail to function. It is KRA that makes sure that the government gets the much-needed revenue that is needed for the day to day running of functions and in the funding of developmental projects. KRA is the medium between the taxpayer and the government, but what happens when the medium fails and becomes a frustrating conduit that is used to torment…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Expeditions Maasai Safaris co-founder Pancras Karema and Michelle Ntalami of Marini Naturals emerged the top winners of the inaugural Young Entrepreneurs Awards (YEA) 2018. Karema bagged the Young Male Entrepreneur of the year while Ntalami was the female award winner in the awards that featured some of the most industrious businessmen and women in Kenya. “It’s a such a remarkable moment for Expeditions Maasai Safaris and myself to receive this recognition. This Award is a demonstration of our continued focus on availing as many holiday choices at affordable rates to you as possible and also underscores once again our desire…
While in its embryonic state Reggae music was the voice of the marginalized, the music is now played and embraced by a wide cross-section of society, including various genders, ethnic and religious groups. – UNESCO The late Bob Marley, on Thursday, won a spot on the United Nations’ list of global cultural treasures. Unesco, the world body’s cultural and scientific agency, said reggae music is an“intangible cultural heritage” deemed worthy of protection and promotion. Reggae music’s “contribution to the international discourse on issues of injustice, resistance, love, and humanity underscores the dynamics of the element as being at once cerebral,…
Mauritius-based SBM Holdings, through its Kenya subsidiary, will temporarily shut down all its branches over the weekend for a systems upgrade. The bank in a notice on Thursday to its customers said that it will be integrating its core banking systems “to enable you to enjoy a convenient banking experience and a wider range of products and services.” “We shall be carrying out the final steps of a scheduled core banking system integration this weekend,” said the bank in an emailed notice beginning December 1st and 2 December. “Full banking operations resume on Monday 3rd December at their respective banking…
Oil marketer Libya Oil Kenya Limited has unveiled a new identity under the brand OLA Energy for its network of 1,100 retail outlets and petroleum products spread in 17 African countries. The new name is a short form of Oil Libya Africa. “This new brand captures the essence of our company as a modern energy player across our footprint in Kenya and Africa; it characterizes our strength and success, and expresses the drive and ambition felt throughout our Group in this phase of its evolution,” the Libya Oil Holdings CEO, Mazin Ramadan, commented. Under the new name and brand, OLA…
On Tuesday, the Monetary Policy Committee (MPC) maintained its benchmark interest rate at 9.00% for a second time with expectations that the headline inflation will remain within the 2.50% – 7.50% target band. “Inflation expectations remained well anchored within the target range,” Governor Patrick Njoroge said. It was evident that the biggest challenge for the central bank is the rate cap which continues to interfere with the monetary policy-making transmission with further evidence of perverse outcomes. “An updated assessment showed that the caps had weakened the effectiveness of monetary policy transmission, with further evidence of perverse outcomes. In particular, the…