Author: Khusoko

President Uhuru Kenyatta has proposed austerity measures and budget cuts aimed at reducing the gap deficit between revenue and expenditure. “These budget cuts ask all of us in government to tighten our belts. It also ensures that the sacrifices made by tax compliant Kenyans are matched by discipline,” said the President in a televised address from State House, Nairobi. The President on Thursday rejected the 2018 Finance Bill that wanted the implementation of the 16 percent Value Added Tax on petroleum products for another two years. “The Finance Bill 2018/19 brought to me yesterday (Thursday) fell short of this threshold.…

Africa Logistics Properties has unveiled its first 49,000 sqm of modern Grade A warehousing facility at Tatu City. The Ksh 10 billion investment which targets large logistics and distribution firms is 75 percent pre-leased. “The near-complete uptake of ALP North prior to launch speaks to the scale of the warehousing shortage in Kenya. But it also demonstrates that real estate requires developers to concentrate on the genuine areas of market need,” said Toby Selman, CEO of ALP. During the event, Susie Kitchens, British Deputy High Commissioner, Kenya welcomed the investment  “Your vision, to create a Pan-African portfolio of modern warehouses that…

Fanisi Capital has entered into an agreement to invest up to KSh400 million in Kitengela International School (KISC) with an initial Sh205 million investment. Fanisi Capital’s Co-Managing Partner and Chief Executive, Ayisi Makatiani, said the school fits into the firm’s investment portfolio with its ambitious growth strategy to triple student population from the current 1,000 and open two more schools over the next five years. “We are on a journey to build centers of academic excellence and expand their footprint,” said Makatiani during the organisation’s investor briefing. “We are in the final stages of fund-raising for Fanisi Capital Fund II,…

When you hear that a company has been “placed under administration,” it doesn’t mean the business is dead. It means the company is in financial distress—and someone has stepped in to try and save it. Let’s break it down. First, what is administration? Administration is a legal process that kicks in when a company is unable to pay its debts. Instead of shutting down immediately, the law allows the business to pause, reorganise, and possibly recover. A licensed expert, called an administrator, is appointed to take control. Their job? To figure out the best way forward. That could mean: Keeping the…

Qatar Airlines will commence direct flights between Doha and Mombasa in December 2018 making its’ second Kenyan destination, in addition to existing flights to Nairobi. Qatar Airways Group Chief Executive, Mr. Akbar Al Baker, said: “Qatar Airways sees Kenya as an important market for our passengers, so we are delighted to offer this new service to a second Kenyan destination. We are sure our new direct daily service to Mombasa will prove very popular with tourists interested in exploring Kenya’s beautiful tropical beaches and coastline, as well as immersing themselves in the city’s fascinating diverse cultural mix. “This second new…

University/college students’ Project reports that are prone to plagiarism. It is often said that if you want to hide anything in Kenya, put it in books because nobody bothers to dig out anything from books. Recent research revealed that Kenyans are average readers with more emphasis paid on newspapers. The reading culture in Kenya is below per making scholars blame it, as the reason why we have few individuals who have excelled in the field of literature and authorship of books to put the country on the international map as among them, renowned author Ngugi wa Thiong’o, Meja Mwangi, David Maillu,…