Consumers face more pain as KRA adjusts excise rates
Posted on Sep 05, 2022
Fuel, alcohol and soft drinks are set for another round of price increase as Kenya Revenue Authority (KRA) prepares to implement inflationary adjustments on various excisable goods and services beginning October 1.
The taxman is seeking to increase specific rates of excise duty by 6.3 per cent which represents the average inflation rate recorded in the last 2021/2022 financial year to cushion the government’s revenues from being eroded by imported inflation.
Government to tame speeding motorists along Nairobi Expressway
Jun 27, 2022
The Government is set to roll out additional measures to tame speeding motorists along the Nairobi Expressway.
Government Spokesperson Cyrus Oguna on Sunday announced that plans are underway to implement new enforcement measures to ensure adherence to the 80km/h speed limit on the expressway.
This follows a road accident involving multiple cars at the Mlolongo toll station on Saturday night.
KNUT wants junior secondary education hosted at primary schools
Jun 27, 2022
The Kenya National Union of Teachers (KNUT), will continue pushing the government to have the Competency Based Curriculum’s (CBC) junior secondary education, hosted in primary schools, KNUT Secretary General, Collins Oyuu, has said.
Oyuu said that existing infrastructure in primary schools can comfortably host the junior secondary without putting pressure on parents and Kenyans at large to put up new buildings.
The Secretary General, who was addressing teachers during the Siaya KNUT Branch Annual General Meeting held at the Central Primary School grounds, at the same time told politicians to s...
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KRA expects to exceed revenue target by Ksh.140 billion
Posted on Jun 16, 2022
The Kenya Revenue Authority (KRA) expects to exceed its revenue collection target for the current fiscal year 2021/2022 by up to Ksh.140 billion.
The National Treasury budget documents as of March 2022 showed that the revenue body was ahead of its targets in the VAT and income tax categories by Ksh.10.8 billion and Ksh.17.8 billion respectively.
The 2021/2022 budget had set an ordinary revenue target of Ksh.1.77 trillion for the KRA, which was then revised to Ksh.1.8 trillion in the 2022 budget policy statement.
IEBC Responds To Queries On Raila’s Degree
Posted on Jun 16, 2022
The Independent Electoral and Boundaries Commission (IEBC) has addressed emerging concerns on Azimio presidential candidate Raila Odinga’s degree.
In an interview on NTV, the commissions CEO Hussein Marjan said that IEBC Chairman Wafula Chebukati assessed Raila’s academic documents and was satisfied with them.
“By the time Chebukati was clearing him (Raila) he had certified that the candidate had met all the requirements. Raila Odinga met the requirements,” Hussein said.
The CEO was responding to a caller who wanted clarity on the validity of Raila Odinga’s degree certificate.
Communications Authority revokes 15 postal and courier licenses over non-compliance
Jun 15, 2022
The Communications Authority (CA) has revoked the licenses of 15 postal and courier service operators in the country saying the firms have failed to adhere to the laid down regulations.
The cancelation of the license comes at a time when the Authority has ramped up efforts to discipline errant courier operators and weed out unlicensed players in the postal and courier business in the Country.
In March last year, the communications regulator warned 21 Courier and postal firms that their licenses would be withdrawn within seven days if there were no objections received from the public.
“Pursuant...
Treasury seeks additional Ksh.25B to hit local borrowing target
Jun 15, 2022
The National Treasury is seeking an additional Ksh.25 billion from the domestic credit market to wrap up its local borrowing program for the 2021/22 fiscal year.
The Central Bank of Kenya (CBK) which is the exchequer’s primary fiscal agent has put out a prospectus for a tap sale on two Treasury bonds issued in April this year.
The two bonds include a three year paper that features an 11.766 per cent coupon rate and a longer dated fifteen year paper with a 13.942 per cent coupon.
The tap sale is expected to run until June 23 but may close earlier upon the attainment of quantum.
WHO to meet next week to assess if Monkeypox is a global health emergency
Posted on Jun 15, 2022
The World Health Organisation (WHO) on Tuesday said it would hold an emergency meeting next week to determine if the Monkeypox outbreak should be classified as a public health emergency of international concern.
Kenya Railways announces new train fares to Kisumu
Jun 15, 2022
The Kenya Railways Corporation has announced new train fares for passengers plying the Nairobi- Kisumu train service.
Passengers travelling on the economy class coaches will pay Ksh.50 from Nairobi to Kikuyu; Ksh.100 from Nairobi to Limuru; Ksh.200 from Nairobi to Naivasha; and Ksh.300 from Nairobi to Nakuru.
The new schedule will also allow travelers to alight and board along the corridor with passengers making stopovers at Kibera, Kikuyu, Naivasha, Nakuru, Njoro, Elburgon and Turi, Molo, Mau Summit, Londiani and Kedowa.
Woman who wrote essay on how to murder your husband sentenced for life for killing husband
Jun 15, 2022
Nancy Crampton-Brophy, author of the essay "How to Murder Your Husband," was sentenced to life in prison Monday for the murder of her husband.
Crampton-Brophy, 71, was convicted in May of second-degree murder in the June 2018 death of her husband, chef Daniel Brophy, who was gunned down at the culinary school where he taught cooking classes.
In court documents, prosecutors said the 63-year-old man had been shot twice -- once in the back as he stood at a sink filling ice and water buckets for the students and then in the chest at close range.
The couple had debt -- Crampton-Brophy's self-publis...