Meg Whitman emphasizes that taxes are a crucial issue for businesses globally. According to Whitman, American companies seek consistency in tax policies, as stability allows them to plan investments with a clear return horizon. She highlights two main approaches to increasing tax revenue: raising tax rates or expanding the tax base. Whitman advocates for the…
Kenya is increasingly becoming a focal point for investors from Africa and beyond, thanks to the array of tremendous opportunities available. The country’s strategic geopolitical location, world-class facilities, and a youthful, tech-savvy population make it an attractive investment destination. Recently, I had the opportunity to meet with several notable business leaders, including Arab Bank for…
If You Genuinely Enjoy Being Alone, You Probably Have These 10 Unique Strengths People who find solace in solitude are sometimes misunderstood. Society tends to label them as lonely, antisocial, or even weird. However, the truth is that people who genuinely enjoy spending time alone often possess unique strengths that set them apart from the…
During a recent engagement with the Harvard Business School’s Class of 2025, the focus was on Africa’s vast renewable energy capacity and its youthful, skilled, and innovative workforce. The event, held at the State House in Nairobi, emphasized Africa’s status as a continent full of economic opportunities. The discussion included insights into Africa’s trade and…
Deputy President Gachagua has expressed his support for the principle of “one man, one vote, one shilling,” emphasizing the need for fairness in revenue sharing. He believes that every citizen should have equal representation and access to resources, regardless of their location or demographic. This principle advocates for a more equitable distribution of funds, ensuring…
Kenya’s deliberate investments and incentives in the digital space are attracting investors and expanding opportunities for youth. To accelerate the growth of the Business Process Outsourcing (BPO) and IT-enabled services sector, strategic measures are being implemented to enhance competitive edge and align with global standards. The launch of Call Centre International (CCI) Global Contact Centre…
United States lawmaker Richard Neal has criticized House Speaker Mike Johnson’s decision to decline a request for President William Ruto to address a joint session of Congress. Mr. Neal, Ranking Member of the Ways and Means Committee, called for equal treatment, comparing Kenya’s treatment to that of other international partners. He noted joint meetings with…
Beer lovers may rejoice as the Treasury proposes to reduce excise duty on a 500ml bottle of beer with 4.2% alcohol content from Sh71.22 to Sh47.25. This move is expected to lower the cost of beer for consumers, providing a potential benefit for those who enjoy this beverage.
The National Treasury has proposed a 16% Value Added Tax (VAT) on bread, with a 400g loaf expected to rise by at least Sh10 under the Finance Bill 2024. This move could lead to increased prices for consumers and has sparked discussions on its potential impact.
The Kenyan government has announced an increase in excise duty on fees for mobile money transfer services like M-Pesa and money transfer charges in banks and Saccos. The duty will rise from 15% to 20%, impacting the cost of these essential financial services for users.
