Kenya's Tax History II
Income tax was first introduced in Kenya by the British in 1921. However other forms of colonial taxes such as Graduated Personal Tax, Land Tax and Hut or Poll Tax have since either become obsolete and inapplicable or have new names as we know them today.
33% Price Slash on StarTimes Decoders
StarTimes Media, a digital Pay Television company has today announced a 33 per cent drop in the price of its DVB T2 approved digital decoders. StarTimes decoders will as of 1st November to 31st December retail at KES 1,999 from KES 2,999. Once subscribers purchase the…
Tullow Says Twiga-1 Could have Oil
Tullow Oil has announced that it has encountered Oil in the Twiga South Oil rig although it has not made disclosures on the amount, depth and commercial viability of the oil. This comes months after it hit oil at Ngamia -1 well in Turkana.
Inflation Drops, CPI Rises
Latest reports from Kenya National Bureau of Statistics (KNBS) show that the Consumer Price Indices (CPI) for October 2012 increased by 0.43 per cent to stand at 132.46 from 131.89 in September 2012. A CPI measures changes in the price level of consumer goods and services…
Just In: Inflation Plunges to 4.14%
Statistics from Kenya National Bureau of Statistics (KNBS) show Kenya’s overall inflation rate for the month of October 2012 has dropped to 4.14 per cent from 5.32 per cent in September 2012. Kenya’s year-on—year inflation rate has been on a downward trend for the past 11 months from 19.72 per…
Of Terrorism and Banks
Kenya now has a clear cut anti-terrorism law. After the President’s recent assent to the Prevention of Terrorism Act 2012, the country has now been exonerated after having been named a non-cooperative country by the Financial Action Task Force. The new legislation is aimed at creating stringent punitive measures for the commission of acts of terrorism or for giving any form of support to terrorist groups.
Does it work?
Why I Should Have Waited to Redeem My Bonga Points Now
“Good things come to those that wait, but better things come to those who are patient” – Unknown The latest Bonga points redemption promotion, dubbed Jisort na Smartphone Reloaded, has seen Safaricom lower the Bonga points redemption matrix by about 77.8 %…
Britam’s Achievements in The Region
The Group traces its origins to the 1920’s when a firm know as British American Insurance Company was established in the Bahamas. The company made its entrance into the Kenyan market in 1965 and much later begun expanding into the East African region. Under able management from some leading businessmen and entrepreneurs such as Dr. James Mwangi, Jimnah Mbaru Peter Munga, just to mention a few, Britam evolved from being like any other insurance company to taking a new direction.
Freehold and Leasehold Property Rates in Kenya
This piece is in response to William Mbala, one of our readers who requested to know more about payment of City/Municipal council land rates in the perspective Freehold land. Property in Kenya can be acquired on freehold or leasehold basis. A freehold title will give the…
M-Changa, Because You Need a Fundraising App As Well
What if you could just conduct an Harambee through your phone? How about if such a mobile platform was to enhance easy mobilization and management of fundraising with greater transparency? One Kyai Mullei has launched M-Changa which will enable you conveniently raise funds from the comfort of your mobile phone.
8 Things You Should Know This Morning
1. Tullow Strikes Oil In North Kenya’s Second Operation British petroleum company Tullow has discovered additional oil deposits in northern Kenya, moving the country closer to having commercially exploitable reserves. Sources with knowledge of Tullow Kenya’s operations said the Twiga 1 South…
Purchasing Local Music Online Shouldn't be This Difficult
Recently, I wanted to purchase some local music but the established music shops didn’t have some of the albums I wanted. I decided to check iTunes on my computer. We’re all familiar with apple’s iTunes; the software that is needed to sync iPhones, iPads and iPods. In it there’s a delightful feature called the “iTunes music store”. However, if you’re in Kenya, you’ll find only applications for iPhone, iPad and iPod.
There’s absolutely no music for purchase in the Kenya region.
The Stock Market Today
The Nairobi Securities Exchange today performed better yet again on both indices. The NSE 20 Share Index edging up 2.11 points to close at 4143.35 and the All-Share Index performance climbing up 0.35 points to close at 91.78 HIGHEST VOLUMES Safaricom was the top performer today…
Pigs Can't Fly, But Bacon Prices Will Soar in 2013
Global bacon prices are set for an escalation in price. Dubbed aporkalypse, the end of September saw inflated reactions from pig farmers in Europe who reacted by hoarding pig herds. According to a press release by the National Pig Association based in UK, pig farmers…
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