Tax Matters VI;Double Taxation Agreements in Kenya
Double taxation is a taxation principle referring to income taxes that are paid twice on the same source of earned income. It occurs when the same transaction or income source is subject to two or more taxing authorities. Double taxation agreements on the other hand refer to agreements between…
Why Fuel Prices Went Up
The latest fuel price review has seen the price of Super Petrol increase by KES 6.31 to retail at KES 115.26, Diesel increase by KES 5.04 to retail at KES 106.11 and Kerosene increase by KES 6.36 to retail at KES 86.01 per liter in Nairobi, a price…
Airtel Must Sell KES 5.3 Billion Stake by April 2013
According to the Business Daily India’s Bharti Airtel must sell 15 per cent of its stake in Airtel Kenya to a local to avoid getting into trouble with the regulators. The mandatory share sale is to bring the firm in full compliance with ownership regulations…
Joint Saving Plans
Joint Savings Accounts are not a very common type of account in Kenya. The world over, joint accounts which have several advantages are shunned by many on trust reasons. According to Norwich & Peterborough building society (N&P), many Britons are keen to protect their wealth…
The Stocks We Are Watching Today
Today on the Nairobi Securities Exchange we shall be keeping our eyes on Kenya Airways, Uchumi and TPS Eastern Africa (Serena). See a summary of last yesterday’s share trading here. TPS Eastern Africa (Serena) – Through a company announcement released on Friday the hotel company wants to acquire 79.19% of TPS (Uganda) Ltd from…
Companies and partnerships
Without a written agreement that is legally recognized, a lot of people usually get a raw deal from trusting the people they talk to. Business dealings can sometimes include talking to a company in order to share with them your marketing ideas, your suggestions for improving their products or even what you think they need to do to succeed. Or just someone to make sure everything's running smoothly. Picking a partner in business is key. How do you go about this?
8 Things You Should Know This Morning
1. Airtel May be Forced to Sell 15% Under New Rules India’s Bharti Airtel must sell 15 per cent of its stake in Kenya’s second largest telecoms operator to a local to avoid getting into trouble with the regulators. The mandatory share sale is to…
Fuel Prices On the Rise
Pump prices have risen, according to the Energy Regulatory Commission (ERC). The regulator has adjusted the cost of fuel amid the recent increase in international crude oil prices and the shilling’s weaker performance against the dollar. Super Petrol went up by KES…
How to Make a Successful Movie
How much money do you need to make a decent film? How do you know whether or not it will be successful? Here are a few lessons from the industry’s best and brightest. Target Audience Valentines Day, Friends With Benefits and Bridesmaids are the…
To Hack or Not to Hack?
With fake phones being put off and fake things generally being shunned there has been a rise of a specific breed of technicians. Technicians with a certain skill set. Is hacking an option?
On Potato Heaven
While we’re on the subject of potatoes (as you gathered from the title), very few folks know how to do potatoes the way they are supposed to. KFC gets their fries right (as opposed to their chicken), as did Psys. By the way, one psys does NOT fit all. I like my fries the way I don’t like my women.
Skinny.
Who Should Foot That Bill?
I recently went on a date and when the bill was brought my date insisted on paying. Being a traditional type of guy, it felt awkward and somehow humiliating to have a woman pay the bill. We got into a heated debate, on who should foot the bill, until she paused a question, “Who made it a requirement that men should always foot the bill?” Well, who did?
Temporary Shutdown of M-Pesa Services
Safaricom Limited have announced that M-Pesa services will be unavailable tonight, 13 October 2012, from 11:00PM to 6:00AM tomorrow morning, 14 October 2012, due to a planned M-Pesa upgrade. All your funds and accounts will remain intact during the M-Pesa upgrade. Safaricom further apologized for any…
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