Del Monte launches Women Health and Empowerment Program targeting over 10,000 women.

Murangá based food processor, Del Monte Kenya Limited (DMKL) has officially launched its Women’s Health and Empowerment program with a six – day employee awareness campaign offering free Reproductive Health Cancers screening and Contraceptives use. The Del Monte Kenya Medical Team and peer educators from Family Health Option, will also sensitize the employees and their dependents on Menstrual Health Hygiene, Sexually Transmitted Infections (STIs) and HIV. They will also offer trainings and counselling on Gender-Based Violence in and out of the workplace. According to Del Monte Kenya’s Managing Director, Stergios…

realme Brand Bags International Design Awards

It’s all about real design   Phones have evolved immensely since the 80’s, both in design and function and several models of phones have since launched in the market in tandem with customers’ dynamic demands. realme, which is currently the fastest growing smartphone brand adopts a trendsetting design concept that it has always adhered to in a bid to bring back trendy culture in the technology space. The brand explores art and beauty, going beyond the constraints of conventional aesthetics technology to bring trendsetting aesthetic design to consumption in electronic…

LG ANNOUNCES SECOND-QUARTER 2020 FINANCIAL RESULTS

LG Electronics Inc. (LG) second-quarter 2020 financial results were affected significantly by the worldwide impact of the pandemic. Consolidated revenue of  USD 10.51 billion was 17.9 percent lower than the same period of 2019, while operating profit of USD 405.65 million declined 24.1 per-cent from last year’s record second-quarter operating income. The resilient company managed its supply chain and cost structure to weather the storm of the global public health and economic crises. The LG Home Appliance & Air Solution Company reported revenues of USD 4.22 billion in the second…

PRESS RELEASE The Ministry of Mines and Hydrocarbons pushes for Financing for Investment Projects post COVID-19

As African markets take the hit of the economic crisis caused by the COVID-19 pandemic, the Ministry of Mines and Hydrocarbons is pushing for the mobilisation of African capital to finance the recovery of the continent’s economies. In order advance the Year of Investment 2020 projects and have them backed by credible African investors, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, held a working meeting yesterday with senior representatives of the Development Bank of the Central African States (BDEAC). The BDEAC delegation was headed…

Huawei Supports Kenya to Fight Covid-19

Cabinet Secretary Mutahi Kagwe and experts from the Ministry of Health held a video conference call from Afya House with their counterparts in China to learn from their experiences in managing the response to the COVID-19 outbreak.  With videoconference equipment supported by Huawei, this was the first time the Kenyan delegation held a videoconference with the Chinese Ministry of Health and other experts. After the meeting, CS Kagwe said: “Today for the first time, via a video conferencing capacity which we have just installed today, our doctors were able to…

Keroche Tax burden

The KRA is set to collect tax of Kshs 9,116,835,985 .00 from Keroche Breweries Limited with regard to products manufactured and marketed by Keroche breweries Limited. This follows a big win by the Kenya Revenue Authority in the six (6) Appeals filed by Keroche before the Tax Appeals Tribunal in 2015 and 2017 respectively. 2.  In three of the Appeals, the contention was the manufacturing process of Vienna Ice Brand of Vodka. The brewer argued that, Vienna Ice brand of Vodka was not a distinct product from Crescent Vodka since Vienna Vodka was produced by diluting Crescent Vodka which process did not amount to manufacture. 3.  KRA relied on the Compounding of Denatured Spirits Act Cap 123 and argued that the process undertaken by Keroche Breweries was compounding within the meaning of the Act. Compounding of spirits also amounted to manufacture of new product within the definition of Customs & Excise Act, CAP 472 (now repealed). 4. In the other three appeals, the contention was with regard to classification of pineapple based wines. The Brewer had argued that what they produced was fortified wines which should be classified under HS Code 22.04 which attracted lower excise duty rate of 40%. Their position was that the classification was specific for any fortified wine. 5.   KRA’s position was that HS code 22.04 was reserved for wines based on grapes and the Keroche’s fortified wine was purely fermented pineapple as such is to be classified under HS Code 22.06 which is for any other fermented beverage. HS code 22.06 attracted a higher excise duty rate of 60%. 6.    The Tax Appeals Tribunal in its’ judgments delivered on 9th March, 2020 held that: 6.1.   Keroche Breweries Limited was involved in the compounding of spirit which amounts to manufacture within the meaning in Excise Duty Act, 2015 and Customs and Excise Act, CAP 472 (repealed)as such Vienna Ice was a distinct product for which Excise Duty was payable; 6.2.  With regard to Fortified wines produced by the Brewer, the Tribunal guided by the World Customs Organization explanatory notes on HS code found that HS code 22.04 was for grape based wines and the correct classification was HS code 22.06 as the Keroche’s wine is a mixture of fermented pineapple and alcohol. 7.  The Tribunal however faulted the Authority for levying interest and late payment penalties for the period the disputes were being litigated at the High Court and the Court of Appeal which had directed that the matters be heard at the Tax Appeals Tribunal.

United Nations Mission in South Sudan (UNMISS) inaugurates New Solar Panel Farm to generate Renewable Energy at UN House, Juba

The installation is expected to significantly reduce the peacekeeping mission’s use of noisy, expensive and excessively fuel-consuming generators. The United Nations Mission in South Sudan has inaugurated a new solar panel farm at one of its compounds in the capital Juba. The installation is expected to significantly reduce the peacekeeping mission’s use of noisy, expensive and excessively fuel-consuming generators. “These solar panels can save the burning of about 3,000 litres of fossil fuel every day,” Asharam Nhemafuki, an engineer serving with the peacekeeping mission, said. Since 2011, the peacekeeping mission…

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…

Family Bank clienteles to befit from 100% vehicle cash deal

Family Bank has entered into a partnership with Simba Corporation Limited in a deal that will see customers receive up to 100% financing to purchase vehicles. This partnership will enable Small and Medium-Sized customers in the agribusiness, trade and logistics businesses to conveniently purchase Fuso trucks, Mitsubishi and Mahindra products at competitive interest rates. Business owners in the agribusiness sector and the education and religious institutions will be able to access 100% financing with a five-year repayment period while other business enterprises access 95% financing repayable in a period of…

Rice importers charged with Ksh1.5 billion Tax Evasion

Two businessmen of Pakistani Nationality were today charged before Mombasa Chief Magistrate Ms Edna Nyaloti for evading tax worth Ksh1.5 billion. The traders, Rahim Qasim and Rameez Gulzar Ali alongside their firm Jhulay Lal Commodities limited were found to have been importing rice into the country while deliberately failing to pay Income Tax. According to investigations, it was established that for the period covering January 2015 and December 2018, the suspects imported rice worth Ksh1.68 Billion. They sold the rice and banked the proceeds in their various companies’ accounts. The…