Merger –Three major financial regulators will be merged in a move whose aim is to enhance efficient service delivery. In a report by the Bloomberg, it quoted Prime Cabinet Secretary Musalia Mudavadi telling various stakeholders that the 3 regulatory bodies poised for merging include; the Capital Markets Authority (CMA), the…
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Licenses –Communication Authority of Kenya CA has announced shutting down of at least 56 Television channels. Director General David Mugonyi signed the notice that indicates that the listed stations risk shutting down in the next seven days unless they complied with the guidelines. “Notice is given pursuant to the provisions…
Deductions –The Private Security Regulatory Authority (PSRA) has today ordered security guards to cease contributions to the the Central Organisation for Trade Unions (COTU). Chief Executive Officer of PSRA, Fazul Mahamed, has announced that all private companies will be required to cease their contributions henceforth with the order taking effect,…
Fuel Cost -Energy and Petroleum Regulatory Authority EPRA has announced that the pump prices of Super Petrol, Diesel and Kerosene had been reduced by sh 5.31 per litre, sh10.00 per litre and sh18.68 per litre, respectively. “The prices are inclusive of the 16% Value Added Tax (VAT) in line with…
Revenue –Government now want to start raising atleast sh 1 billion from Kenyans through the eCitzien digital platform. The William Ruto-led administration has announced that its aim is to collect as much tax as possible through the digital platform. This, it says, will strengthen internal fiscal resources so that to…
Taxes –All business including those with less turn over will still be required to comply with the digital revenue policy. In a significant policy reversal, the Kenya Revenue Authority (KRA) has rescinded its previous decision to exempt businesses with an annual turnover of Ksh 5 million and below from producing…
–Khalif Kairo, real name Joseph Kairo Wambui, is a familiar name in both business circles and social media in Kenya and overseas. He in well known for his successful car dealership venture, Kai and Karo. However, this young entrepreneur has recently drawn attention for his ambitious foray into the aviation…
Sponsored -A form-three student in a girl school in Kilifi was suspended after the mysterious death of the top student in the school. The lady, who is said to be from Chonyi Land, was ejected from the school system over threats to the bright students. Fahyma Abdhallah was a bright…
Arrears –Auctioneers have allegedly put for auction various pricey items from the Betty Kyallo’s Nairobi Flair by Betty beauty palour located in Kilimani. In a notice published in the newspaper by Keysian Auctioneers, various items will be sold out after the owner of Flair by Betty beauty parlour failed to…
Rates -Civil servants who have been paying as low as sh 30,000 monthly in rent for three-bedroomed houses located in prime locations will dig deeper into their pockets if the Treasury approves proposals to triple the amount. Housing Principal Secretary Charles Hinga told Parliament that he has written to the…