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Annual Custom Taxes Expected to Drop by KES 16.5 Billion

Kenya’s annual custom tax collection is expected to drop by KES 16.5 billion ($193.8 million) . This will come about if tariffs on European products are removed under a proposed economic pact. South Centre, an international policy institution, has said that the direct revenue loss would outstrip the KES 10.4 billion ($121.8 million) that Kenya would realise from increased trade with Europe.
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8 Things You Should Know This Morning

1. Only Half of 18 Million Voters Registered As Deadline Looms Only about half of Kenya’s eligible voters have registered to take part in next year’s watershed elections, with just eight days left for the electorate to enlist themselves. Figures released by the Independent Electoral…
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Cofek Attempts to Block December 31 Analogue Switch Off

The recent government announcement that it would switch off all analogue television broadcasts in Nairobi by 31st December 2012, does not sit well with Cofek. The Consumer Federation of Kenya (Cofek) has warned that it will move to court if the date is not postponed. Cofek…
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8 Things You Should Know This Morning

1.       Kenyans with ID Waiting Cards Can Register as Voters Once the president assents to the Election Act (Amendment) Bill 2012, Kenyans with ID waiting cards will be able to register as voters. The waiting cards however will only be used in registration but not…
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Kenya's Economic Growth Forecast Cut to 4.3%: World Bank

Kenya's economic growth forecast by the World Bank has been cut to 4.3% from 5% . world Bank has attributed this cut to the effects of high lending rates.
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8 Things You Should Know This Morning

1. Samsung Pilots Paperless Learning in Kenya Local primary schools may soon shun the use of exercise books and blackboards after Samsung Electronics East Africa embarked on a pilot program geared at transforming traditional classrooms to multimedia teaching environments. In a development that could herald…
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8 Things You Should Know This Morning

Tomato prices are on the rise, Parliament has refuted plans to tax basic goods and the world's oldest dinosaur fossil came from Africa. All this and more on 8 Things You Should Know This Morning.
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Suspiciously Large Transactions Bound for Scrutiny

If you are bank or an individual carrying out a financial transaction above KES 850,000 ($10,000), you will will be investigated. This will be done in order to find out the purpose of the transactions and the origin of the payments as well, a move that comes after a new legislation that seeks to combat financing of terrorism activities in the country.
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8 Things You Should Know This Morning

1. 6 Million Have Registered so Far – IEBC Close to six million people have been registered as voters in two weeks according to the Independent Electoral and Boundaries Commission (IEBC). A statement from the commission on Monday said the number represented 33 percent of…
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8 Things You Should Know This Morning

1. Brokers face legal challenge in quest for a bigger share of NSE  Stockbrokers at the NSE are facing a major legal hurdle in their quest to grab a bigger share of the bourse with the planned change of ownership next year.
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