Finance minister Njeru Githae in his budget speech announced that the ministry was proposing changes in the law governing retirement benefits schemes to protect the businesses. “Individual Retirement Benefits Schemes are important vehicle through which increased coverage of savings for retirement can be achieved. To strengthen governance and encourage their growth, I…

Banks in the country will soon be offering their clients an array of services on top of the basic financial services. Adoption of proposed amendments in the Banking Act by Finance minister Njeru Githae will allow banks to legally conduct the varied services . “The trend globally is towards convergence…

Reinstating of road license will help reduce cases of selling and operation of stolen motor vehicles in the country. While reading the budget statement for the financial year 2012/13, Finance minister Njeru Githae said the recent removal of road license as a requirement had posed challenges to establishment of actual number of motor…

Upon cancellation of in-patient and out-patient services provided to civil servants and members of the disciplined forces by Clinix and Meridian Hospital, NHIF Caretaker Board has released a revised list of hospitals its members can choose from for outpatient medical services. Below is the revised list:…

Information industry regulator Communications Commission of Kenya could conduct a new study to determine the most appropriate rate for mobile phone call termination. Mobile Termination Rate (MTR) is the amount of money a mobile operator pays a rival company when its subscribers call the rival’s network. The CCK board will…

Petroleum marketer Petrocity Enterprises Ltd is set to build a new oil refinery in the country at Konza along the Nairobi-Mombasa highway. The new refinery is expected to bring relief to the economy by increasing supply of refined petroleum products on the market to complement the Kenya…

The Consumer Federation of Kenya (COFED), Central Organization of Trade Unions (COTU) and Institute of Surveyors of Kenya (ISK) are seeking to stop Kenya Revenue Authority (KRA) from collecting property taxes from landlords as it had been stated in the Budget Speech…

Yesterday, a pilot had to crash land his helicopter on a farm in Mathaithi, near Karatina due to bad weather. The public did not react much to his lucky landing, but the fact that he was flying his kids to Banda School in Nairobi. Flying, not driving. Word is that…

A statement by Finance minister Njeru Githae in the recently presented budget statement reads: As promised by my predecessor last year, my ministry has now finalized the review of the VAT law to align it to the Constitution by making it simpler and modern, based on international best practice. After extensive consultations…

The Consumer Federation of Kenya is seeking to stop the KRA from collecting property taxes from landlords as it had been proposed in the Budget speech read by Njeru Githae last week. This move to charge tax on rental income is anticipated to increase the household expenditure, with landlords pushing…