Nakumatt Aims For 40 Branches By the End of the Year
Regional supermarket chain Nakumatt Holdings has opened the doors to its 37th branch in East Africa with the opening of the Mbarara town branch in the Western Uganda. The opening of the US$ 3 million Nakumatt Mbarara, is part of the retailer’s regional expansion…
8 Things You Should Know this Morning
1. NSIS Put Gag Order On Saitoti Probe Findings The National Security Intelligence Service (NSIS) issued a directive that forensic findings on the six bodies in the helicopter crash that claimed the lives of Internal Security minister George Saitoti, his assistant and four police…
Are Mobile Operators Doing Enough to Keep us Coming Back?
According to Inc., it costs a business about 5-10 times more to acquire a new customer than it does to sell to an existing one, and current customers spend 67 per cent more on the marketers’ product than new customer would. According to the…
KRA Targets Mobile Money As They Try to Hit KES 1 Trillion
Kenya Revenue Authority will target be targeting mobile money transfers and the new expanded legislature in its bid to meet the new 1 trillion revenue target set for FY 2012/13. The initial target for the taxman in the new financial year was KES…
Government Could Introduce Capital Gains Tax (CGT)
The government is prospecting to introduce capital gains tax. Finance minister Njeru Githae told Daily Nation that the ministry is carrying out a study to figure out best ways to administer the tax, while the government seeks to increase its revenue to hit its revenue targets. [Read: The…
Pay Your Electricity Bill via Family Bank
Kenya Power customers can now pay their postpaid electricity power bills at any Family Bank branch countrywide after the two companies reached an agreement aimed at easing electricity bill payments by increasing the number of electricity bill payment options. As posted in…
We Will Soon Have Better Beer…And Drink it.
Your beer and whiskey could be getting a lot better, thanks to science. Apparently researchers have opened another can of beer altogether, since they have unlocked the genetic code of barley, a key ingredient in both beer and spirits. This could not only improve yields and disease resistance…
Scholarship Fund Started in Honour of Wangari Maathai
The Green Belt Movement, The Rockefeller Foundation, and the Kenya Community Development Foundation yesterday announced the launch of The Wangari Maathai Scholarship Fund. The fund seeks to encourage and promote a youth-led sustainable development agenda that is grounded…
What Does Your MP Actually Get Paid? A Detailed Breakdown
There's been much talk about the remuneration of MPs and numbers have been flying left right and centre. So let's make this clear once and for all. Just how much money does your MP take home every month?
Safaricom Wins Tax Race
Our taxman, KRA, says that Safaricom Limited has emerged the top taxpayer in the country for the financial year 2011/2012. The top ten taxpayers according to KRA goes as as it is in the order below:- Safaricom Limited East African Breweries…
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