Red Riding hood and the Big Bad Banks
Modern banking as we know it began in Italy it spread out to the rest of Europe. These guys, I must say, were the trend setters of the day I think it had something to do with their accents, I mean who can say no to an Italian? It might also have something to do with their tendency to produce crime syndicates and the sopranos.
No judgement.
VAT Bill 2012 Set for 2013
The VAT Bill 2012, which is part of the ongoing tax reforms in the country which aim at increasing revenues, will be introduced next year after the general election. The treasury has said so.
Convert Shilling Directly to Chinese Yuan
With increasing travel and trade between Kenya and China, the need for easier of conversion of currency between the two nations is a welcome move. 1 Chinese Yuan is valued at approximately KES 13.74
Ferry Service Workers May Strike for the Second Time This Month
Kenya Ferry Service workers have threatened to go on strike for the second time this month. They have given the government an ultimatum that expires on the 16th of November, 2012.
Withholding VAT Could Be Coming Back
The government is considering bringing back the law that will allow withholding of VAT. This comes after a poor collection on VAT and the treasury says that it has noted that there has been a fall in ordinary revenues from VAT, which comes after the Treasury did away with the withholding tax regime so that firms wont surrender cash and reclaim it from the Kenya Revenue Authority (KRA).
DStv Kenya Launches New Channels
DStv subscribers will now have 2 new channels after the pay-tv provider added True Movies and BlackBelt TV to its channel bouquets. True Movies features a wide range of A-list Hollywood stars from Meryl Streep and Glenn Close to Matt Demon and Angelina Jolie. It will…
My Money in My 20’s: Myths of Self-Employment
At most times most entrepreneurs choose to work for long hours. It might be because they enjoy their work so much that they want to put in long hours or perhaps they have set up their businesses in such a way that their physical presence is necessary for income generation. Does being self employed necessarily entail working for longer workers?
Portland Cement Records Nearly 20% Increase In Two Days
Yesterday the performance at the bourse dipped as both major indices recorded wanting results from the day’s trading. The 20-Share Index closed at 4152.11 and the All-share index followed suite closing at 92.913. East African Portland Cement – It is the smallest of the three listed building material…
Safaricom Shareholders in For a Shock.
“We are relieved to have recovered from the damaging price wars. We are now focusing on customer growth” – Bob Collymore, Safaricom CEO. The company’s shareholders are in for a shock as Safaricom shares may not yield the dividends many are hoping it will. The 94% increase in net income…
Syokimau Commuter Train Schedule, Fare and Parking Charges
The Syokimau Commuter train is being launched. Here's its schedule and fare.
8 Things You Should Know This Morning
1. CBK to License Independent Remittance Providers The Central Bank of Kenya has released a draft proposal to have independent money remittance providers (MRPs) licensed. CBK has developed draft Regulations on International Money Remittance Business to be issued to key stakeholders for public…
CBK to License Independent Remittance Providers.
The Central Bank of Kenya proposes to license stand alone money remittance service providers in a bid to regulate and control the diaspora remittance business which is growing at fast rates.
British American: Good For Insurance, Bad For Tobacco
Performance in the Nairobi Securities Exchange was wanting today, with both major indices showing decreased performance. The 20-Share Index closed at 4152.11, down 7.62 points from Friday. The All-share index followed suite closing at 92.913, down 0.03 points from Friday. This is the second time in a fortnight that both…
The Proposed NSSF Bill Saga: A Government Divided
The proposed NSSF Transformation Bill promises to give every Kenyan a chance to prepare for their future. The Retirement Benefits Authority has doubts about the plan's feasibility.
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