Business

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KRA Cuts Fringe Benefits Tax to 13% as CBK Lowers Lending Rates to Stimulate Economic Growth

 KRA has reduced the tax rate for employee welfare benefits, including fringe benefits and deemed interest rates, in line with the recent CBK rate cut. This is to boost economic activity and encourage private sector credit uptake. Highlights:
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Checking Your DStv Kenya Account Balance Made Easy via USSD and Text Message.

 I like the way USSD codes have simplified our way of life at least here in Kenya, most service providers have embraced this technology and provide a very convenient way to access various services using the USSD method on your mobile phone. For example, are you a DStv subscriber in Kenya eager to know your
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Kenya’s Increasing Adoption of Captive Solar Power Solutions

 Power generation here in Kenya has had its own fair share of criticism especially given that only one power distributor was authorized to do so leading to a monopoly state. However, things seem to be changing, and besides the numerous initiatives we’ve outlined before that are aimed towards shifting to green and cleaner energy sources
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President Ruto Calls for Pan-African Cooperation During 2024’s Connected Africa Summit

 At the 2024 Connected Africa Summit held in Nairobi Kenya, President William Ruto highlighted the need for African countries to come together and create a unified strategy, for digital advancement. In his address, the President emphasized the significance of establishing a synchronized framework to drive the continent towards becoming a player in trade and innovation.
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Kenya Power Invests Sh258 Million in E-Mobility Promotion

 Kenya Power is taking steps to support eco transportation by investing Sh258 million in e-mobility over the next three years. The move reflects their dedication to a future with improved operational efficiency. The funding will focus on initiatives that encourage the adoption of vehicles (EVs) in Kenya including establishing a network of charging stations Kenya
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NG-CDF Committee Commends Kirinyaga ICT Hub for Empowering Youths

 The National Assembly committee on National Government Constituency Development Fund (NG-CDF) has lauded the Kirinyaga Central ICT Hub for its valuable services to the youth amidst various challenges. The commendation comes as the hub provides essential Ajira training programs and free internet access to numerous youths from Kirinyaga Central, Ndia, and Gichugu constituencies. During a
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REITs: Step-by-step guide on how to invest your money in real estate assets

 Have you wanted to become a landlord but cannot due to the large initial capital outlay involved in construction? There is another way to go around this problem without need for taking large mortgages and/or spending hours managing the property and collecting rent from tenants. Real Estate Investment Trusts are among the best investment vehicles
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Kenya Advances with Science, Technology, and Innovation Policy Validation

 The Principal Secretary (PS), State Department for Higher Education and Research, Dr. Beatrice Muganda Inyangala, emphasized the milestone that Kenya had achieved considering the country has never had a National STI policy since independence and hence pointed out why we should reflect upon the crucial role played by science, technology, and innovation in the socio-economic
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Kenyan TVETs Urged to Integrate IT as Essential Service Course for Digital Future

 As TVETs in Kenya marked their hundredth year since estblichment, the Deputy Governor of Uasin Gishu, Eng. John Barorot, encouraged heads of these institutions to include Information Technology (IT) as a service course. He resonates that it will help graduates to be innovative and tackle social issues in the current digital age. Barorot underlined the
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Government Sets Up Emergency Desk at Nyayo House to Replace Lost Documents Amid Flood Crisis

 The government’s response to the floods, which have been causing significant damage across the country, has been prompt in providing assistance to those affected. On Friday, during National Tree Planting Day, while in Mavoko, Machakos County, Immigration Principal Secretary Julius Bitok unveiled a crucial project to establish an emergency desk at Nyayo house. Bitok announced
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