Nairobi Water seeks Raila’s help for water infrastructure funding

The Directors of the Nairobi Water and Sewerage Company on Thursday held a special meeting with AU’ special envoy for infrastructure  Raila Odinga to deliberate on possible ways of improving Water infrastructure in Nairobi. The meeting that was held at Odinga’s pro Upperhill office focused on increasing water connectivity, getting more funds for sanitation activities. According to Karen Nyamu who is one of the Directors , Odinga promised to help source more funds that will help meet the water deficit in Nairobi. This will involve getting more funds for sinking…

KRA officially takes over revenue collection in Nairobi

The Kenya Revenue Authority has officially taken over revenue collection in Nairobi County as part of the deed signed on transfer of functions to the national government. The takeover which was led by Treasury Cabinet Secretary Ukur Yattani   happened between the County Executive Member for Economic Planning Allan Igambi and KRA’s Commisoner General James Mburu. The deed signed between Governor Mike Sonko and Devolution Cabinet Secretary Eugene Wamalwa allowed the authority to be the principal agent for the overall revenue collection in the county. The handover happened shorlt after the…

Alexander Forbes clienteles wins big from Octagon services deal

A new strategic partnership has been entered into under which Octagon Africa will serve Alexander Forbes multinational clients with a presence in Kenya.  This strategic partnership comes after Alexander Forbes’ review of its strategic business and operating model in March 2019, and to exit emerging markets and strategically reposition with credible partners to deliver and support their clients operating in the specific country.   Through this strategy we have a platform to work with a network of partners while maintaining the ability to deliver excellent service and solutions to our…

GAUGING THE ECONOMIC WAVES OF CORONAVIRUS ON KENYA

The Kenya Private Sector Alliance (KEPSA), the apex body of the private sector in Kenya, this morning resolved to engage all its members to begin to calculate the projected economic impact of Coronavirus in each sector. The collated input will inform the development of a rapid response mitigation plan to minimize the impact of the outbreak on the Kenyan market. It will also allow the private sector to measure the impact of the expected global slowdown of trade on Kenya. KEPSA is encouraged by Executive Order No 2 ofhttps://www.expresstoday.co.ke/?p=2932&preview=true 2020…

 Turnover Tax Returns elapses

Payment of Turnover Tax (TOT)was due this Thursday 20th February 2020 and all Micro and Small Enterprises (MSEs) should have registered, file and pay the January 2020 tax returns for the Turnover Tax (TOT). The tax rate for TOT is 3% on the gross sales/turnover and is a final tax. TOT is filed and paid on a monthly basis on or before 20th of the following month. The Government of Kenya is committed to enhancing simplification of taxes to facilitate taxpayers to meet their obligations and TOT is part of this initiative. The TOT obligation is a simplified tax regime for Micro and Small Enterprises (MSEs). This obligation allows MSEs to pay taxes through simplified processes. Under this simplified regime, taxpayers are not required to prepare complex account records. The eligible taxpayers are only required to keep a daily gross sales record. KRA has been consulting with concerned stakeholders to facilitate them to register and pay the taxes due. KRA has also simplified the registration, filing and payment process of TOT on the iTax platform. The iTax system has always made it easy for taxpayers to access KRA services. This has led to notable success in filing returns, remitting payments, applying tax refunds, lodging tax objections, application of tax waivers and requesting tax compliance certificates. The TOT tax does not apply to persons; registered for VAT, with business income of Kshs 5,000,000 and above, Employment Income, Rental Income, Limited Liability Companies, Management and Professional Services among others. Eligible taxpayers are advised to log onto iTax, add the TOT obligation, file the monthly returns and make payment. TOT is part of KRA’s strategic initiatives to expand the tax base by ensuring that all Kenyans pay their fair share of taxes. KRA assures taxpayers of its support and facilitation to ensure that they register, file and pay their Turnover Tax before the set deadline. Taxpayers are also advised to visit the nearest KRA office for any assistance required or call the Call Centre on Tel: 020 4 999 999, 0711 099 999.

Guinness Night Football champion to compete in continental fete

Edward Kamiru to participate in Pan-African championship in Lagos, Nigeria, after winning against 20 competitors in a Guinness Night Football Goal Challenge tournament competition. The win came after he knocked out Jeff Wachira, Enoch Kibet and Dennis Mwandikwa in the finals. The Guinness Pan-African championship will take place on 31st January 2020 which will be hosted by Guinness ambassador and football legend, Rio Ferdinand. Guinness consumers were tasked to recreate the best of premier league goals scored by English Premier League players where participants were required to hit the target…

Co-operative bank to sponsor about 655 needy students

By Dennis Muritu Co-operative bank will this year sponsor about 655 needy students from across the country through its scholarship program. This is after the lender’s board of directors announced the selection of the beneficiaries of this year’s Co-operative Bank Foundation Scholarship Scheme. Of the 655 new scholarships to Form One students, 420 were identified by the bank’s Regional Delegates’ Forums and the remaining 235 scholarships, at 5 per county,awarded by County Governments in all the 47 counties, the bank’s Group Managing Director & CEO Dr. Gideon Muriuki said. “Our…

Pest free campaign Launched in Makueni to boast Mango production

(L-R)Harrigan Mukhongo Deputy Feed the Future Coordinator USAID Kenya, Esther Kimani, MD ,KEPHIS, Betty Kibaara from Rockefeller Foundation, Makueni Governor Kivutha Kibwana and Dr Oscar Magenya, Director Research & Innovation, Ministry of Agriculture during the media launch of the  ‘Komesha Fruit Fly Campaign’ at the Radisson Blu hotel. PHOTO:COURTESY. By Dennis Muritu A campaign to create a Pest Free Area will be launched in Makueni to improve production and quality of mangoes to stimulate export and increase incomes for farmers. The campaign dubbed Komesha: Zuia Fruit Fly Ufaidike will sensitize and create awareness on economic…

Sanlam General Insurance rolls out Road Assistance services

Sanlam General Insurance, a subsidiary of listed non-bank financial services provider Sanlam Kenya, has today launched Sanlam Road Assistance, a comprehensive private motor insurance service geared towards improving the experience of its motor insurance customers. The service which is in line with the firm’s commitment to offer solutions to customer needs will provide road assistance to all motor private – comprehensive customers. This includes, on spot accident assessment, free post-accident support, towing and an optional add on for courtesy car and taxi service to complete the journey. Speaking during the…

OCTAGON NAMED AMONG TOP 100 COMPANIES SECOND YEAR RUNNING

Octagon Pension Services Limited has once again been named among the Top 100 companies two years in a row. The Kenya Top 100 mid-sized survey seeks to identify Kenya’s fastest growing medium sized companies in order to showcase business success excellence and highlight the country’s most successful entrepreneurship stories. “We are humbled to be recognised in the Top 100 SME Awards among medium-sized companies. We are glad that our effort to leverage on technology to drive efficiency and increase uptake of pension within Kenya, and the region is bearing fruits,” said…