An Export Story: South Korea versus Brazil
There are lessons Kenya can learn from 2 of the world's most successful economies. South Korea’s annual production per individual stands at about $ 30,000 (KSh. 2.6 million). This is almost three times that of Brazil which stands at about $ 11,000 (KSh. 956,000). An average Kenyan produces $ 1,700 (Ksh. 147,730) worth of goods and services annually. What did these two financial giants do to reach such magnificent heights?
8 Things You Should Know This Morning
A KES 2.9 billion deal between the Treasury and the NSSF goes sour and Egypt lifts punitive taxes on Kenya cigarettes. All this and more on 8 Things You Should Know This Morning.
How Much Would You Pay to Own the Cheapest House in Kenya?
The cheapest house in Kenya costs KES 2.5 million. What would you do if you had all that money to spare?
Nokia Asha 205 Dual SIM Now Available in East Africa
Nokia has today announced that the Nokia Asha 205 Dual SIM is now available for purchase in East Africa at estimated retail prices: KES 5,499 in Kenya, UGX 215,000 in Uganda TSH 120,000 in Tanzania. The Nokia Asha 205 is the newest addition to the Asha…
Kimataifa Bundles, Our Breakdown
Airtel's Kimataifa Bundles may seem a bit complicated. Here's a breakdown to let you know exactly what it costs to make international calls.
'Swiping' to Pay for Chewing Gum – Coming Soon to a Kiosk Near You
You will soon be able "swipe" to pay for a packet of peanuts at your local Kiosk. Equity Bank is prospecting to tap the billions of shillings passing though kiosk and retail shops by introducing a system that will allow consumers to pay for goods without using cash.
Your Electricity Bill This Month: January 2013
The year is off to a positive start as you should expect a marginal drop in your electricity bills this month following Kenya Power latest review of the Fuel Cost Charge and the Forex adjustment rate in electricity bills. Electricity consumers will this month be required…
8 Things You Should Know This Morning
Poor families conned of KES 7 billion in dubious scheme Police are investigating a dubious investment scheme through which poor families may have lost more than KES 7 billion on expectations that their children would be educated for a token. The Criminal Investigation…
Why I Shredded my Credit Card
For a start, I had a credit limit I considered small. Naturally, I looked forward to the day I would enhance it to fit my ‘status’. That time did come with an additional sweetener; the minimum monthly repayment had been reduced to a mere five percent. Let’s just say I was jolted back to reality when the statement came showing an interest component in excess of KES 1,000.00 per month.
Maybe I should have started by explaining how a credit card works.
Insurance Goes County-Wide
There are currently 45 registered insurance firms and all of them are stationed in Nairobi. The Kenya Government has now made plans to set up insurance agencies across all the 47 Counties.
Applying For Patents in Kenya
Intellectual property (IP), words that were heavily used in 2012 since the fight between Samsung Electronics Co. and Apple Inc. heated up. The matter of IP has also hit Kenya, the most recent being the patent battle between Safaricom and Faulu Kenya over their idea of mobile banking that…
KRA is Just About to Tax Your 'Keg'
The Kenya Revenue Authority (KRA) is lobbying to start taxing the popular and low-cost 'Keg' alcoholic drink which is currently exempted from excise tax. If this happens, you will obviously add a few more shillings to pay for your tin of Keg.
Filing of Annual Tax Returns is Back Again
Tedious paperwork plus long queues are back, notwithstanding a non-responsive website portal for online taxpayers. The Kenya Revenue Authority (KRA) Commissioner General John Njiraini has disclosed that the amendments made through Finance Bill 2012 will require all salaried employees to file and submit income tax returns with effect from calendar year 2012.
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