Business council holds crucial meeting today

Image Jakaya-Kikwete1.jpg

Further improvements in the business environment and transformation of tourism agenda will be on top of the agenda as the national business council meets in Dar es Salaam today. President Jakaya Kikwete President Jakaya Kikwete is expected to chair [Read story...]

How firms use performance index to succeed

Image Crown-Paints-CEO-Rakesh-Rao.jpg

NAIROBI: “In 2006, I was named the Manager of the Year and my life changed from there,” remembers Sanjay Brahambatt, managing director of East Africa’s largest plastics manufacturer – Blowplast Group. Crown Paints CEO Rakesh Rao (right) [Read story...]

Mers outbreak cuts sharply into S Korea growth

Image Korea.jpg

South Korea’s economic growth has been hit sharply by both the Mers outbreak and continued weak exports. Middle East Respiratory Syndrome (Mers) first emerged in South Korea in May The country’s economy grew by a mere 0.3% in the second [Read story...]

EAC extends motorcycle tax waiver for a year

Image motorcycle.jpg

Nairobi – The East Africa Community (EAC) Council of Ministers has agreed to extend the 15 per cent tax waiver on imported motorcycle spare parts to June 2016. Harrison Mwakyembe, chairman of the EAC Council of Ministers, said extension of a speci [Read story...]

Rich landowners hit by changes to SGR route

Image rail.jpg

If the contractor of the standard gauge railway had not altered the route of a 15km stretch from the port in Mombasa, a group of landowners would now be eyeing a very rich pay day. English poet Robert Burns once wrote, “The best-laid plans of mice [Read story...]

KRA asked to delay rollout of capital gains tax

Image Kenya-Revenue-Authority.jpg

NAIROBI: Kenya Revenue Authority (KRA) has been asked to soften its stance on Capital Gains Tax to prevent a contraction in the capital and real estate markets. The Institute of Certified Public Accountants of Kenya (ICPAK), pleads with the KRA to d [Read story...]

Kenya loses Sh69 billion to counterfeit goods annually

Image Industrialisation-PS-Dr-Wilson-Songa.jpg

Kenya: The country loses up to Sh69 billion annually due to proliferation of contraband goods into the economy. Industrialisation PS Dr Wilson Songa Participants at a forum convened by enforcement agencies to discuss the Government’s stand on prot [Read story...]

Farmers face billions in losses over EPAs delay

Image flowers.jpg

Kenya’s horticulture producers could incur losses of more than Sh1 billion every month as from October 1 this year following delays by the Government to conclude the controversial Economic Partnership Agreement (EPA) negotiations. Timely conclusio [Read story...]

Canadian firm to sue Kenya over licences

Image drilling-oil.jpg

Canadian oil firm Vanoil is planning to sue the Kenyan government to have the termination its licences in Kenya reversed. The firm said it would ‘vigorously’ evaluate all the legal remedies in its bid to recover the investments made and [Read story...]