The Taxman Hands are Tied
Interventions by the government to lower cost of living are negatively impacting revenue collection by the taxman. Kenya Revenue Authority (KRA) has admitted that the policy and administrative measures taken in the current year have negatively impacted its operations. Such interventions include reduction of duties and taxes…
Sameer Dividends Dip by 60%
The Board of Directors of Sameer Africa Limited has recommended a first and final dividend of 20 cents per share subject to shareholder approval at the Annual General Meeting. The company’s profit before tax increased by KES 86.2 million (138.66%) from KES 62.19 million in 2010 to KES 148.45 million…
New NHIF Tariff Takes Effect in June
The National Hospital Insurance Fund (NHIF) will effect its new tariffs beginning of June. The announcement by NHIF comes after a bid by The Central Organization of Trade Unions to block the proposal from taking effect was defeated. The new rates which were projected to start May, will now take…
When the Big Money Knocks Unexpectedly
When you have not planned to get money and it comes your way, does it become very difficult to plan for it thereafter? Winners of Jackpots, mega athletes, musicians, actors artists and other sportsmen and women fall in this category of people who sometimes sleep poor and wake up amongst…
Stocks Watch
Stocks Watch: What to expect from the day's trading at the NSE
Purpose of the NSE
The Nairobi Securities Exchange (NSE) is Kenya’s national stock exchange. A stock exchange is a form of a market which provides services for investors to trade in stocks, bonds, unit trusts and other securities. A stock is a type of security that signifies ownership in a corporation and represents a claim on part…
What’s Pushing the Mumias Stock?
Over the last week, the Mumias Sugar Company share has steadily risen from KES 4.70 at the end of last week to KES 5.50 as at the end of business on Thursday. This is a 17% rise and is quite uncharacteristic of stocks listed under the Manufacturing and Allied segment…
Your Rent Might Increase Soon
Expect an increase in your house rent as the tax-man targets landlords in the quest to expand Kenya’s revenue base. Kenya Revenue Authority (KRA) is preparing to register all properties in the country’s major towns with the expectation that it would help catch landlords who are not paying…
Proposed Tax Registration at Birth
The proposal by Kenya Revenue Authority (KRA) to have all Kenyans above 21 years be required to file tax returns, irrespective of whether they are earning an income, would see people being registered for tax at birth. If the above proposal is approved, KRA…
A Philosophy of Failure
Most of my articles are based on my life experiences, interactions with others and the works of other business writers. One of my favourite writers is J. D. Roth, and this post is largely a reflection of her old post titled: A Philosophy of…
What You Can't Afford, Do Without
Someone shared a video on Twitter yesterday. In it, we found some invaluable lessons we thought we should share with our readers. Speaking in the video, Caroline Mutoko, an acclaimed radio presenter has these words for us: What you can’t afford, do without. The pressure to try and find an…
Mobile Loans with M-Pepea
Salaried people can now access small short term loans through a genius mobile application called M-Pepea. Raven Ltd the company behind M-Pepea uses the application to advance small emergency loans to borrowers. M-Pepea which Raven Ltd launched in 2010 is a fast and convenient lending service. A…
A Budget Could Cause You to Spend More?
Have you ever thought that maybe the people who choose to go shopping guided by the wind in the pockets, without any budget, might know something that we do not know? The ones who randomly buy things without care or worry. One of those many ‘new research findings’ is claiming…
Are You Ready To File Your Tax Returns?
Imagine having to file your tax returns irrespective of whether you earn an income or not. Do you even know what filing your tax return entails? I am pretty sure most people have no clue. A quick spot check in the office revealed that most…
The Best Place to Retire on Earth
Cuenca, Ecuador has been forwarded as the best place to retire on earth and it sounds lovely. Truth is, it's Nairobi.
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