Jasmine Wambui
45 Articles
KRA unveils new rental tax system to enhance compliance among landlords
The Electronic Rental Income Tax System (eRITS) is expected to enhance efficiency and boost revenue collection in the real estate sector.The newly launched eRITS platform is built on the government’s Gava Connect integration system and is designed to automate tax computation, filing, and payment for...
Gov't to start settling road pending bills over the next one month
Cabinet Secretary for Roads and Transport Davis Chirchir now says that the government will be clearing these bills in full, starting this month.
Kenya Airways posts Ksh.5.4 billion full-year profit
This profit marks a dramatic recovery from the previous year, when the airline made a loss of over Ksh.22 billion. The airline last posted a full-year profit over ten years ago.
Kenyans brace for fuel price hike as EPRA set to introduce new charges
Every five years, EPRA undertakes a cost-of-service study for the petroleum and electricity sub-sectors.The first was undertaken in 2018, and the second has just concluded, and with it comes recommendations to add additional charges on petroleum products like petrol and diesel.
Communications Authority seeks dismissal of case challenging IMEI declaration rule
The CA argues that the court lacks jurisdiction over the matter and insists that it should be resolved through alternative dispute resolution mechanisms.
Exit Adani, enter Africa50: KETRACO to sign Ksh.45B deal for two power lines
The announcement which comes months after KETRACO cut ties with Adani Energy will see the finalisation of a Ksh.45 billion deal inked for the construction of two power lines.
Kenyans urged to collect Ksh.86B unclaimed assets held by State
The money trickles in from holders such as Saccos, telcos like Safaricom, the banking sector, and the insurance industry.Every year, only about 2,000 Kenyans claim these assets. This translates to a low reunification rate of just about 7 to 8 per cent....
Land prices in Nairobi’s satellite towns decline amid the rising economy- Report
Land prices in Nairobi’s satellite towns registered a modest 1.9 per cent increase in the fourth quarter of 2024, the slowest rate of growth in over 18 months. Thika and Mlolongo experienced the steepest deceleration, with price growth dropping from 6.3% and 6.6% to 0.9% and 1.1% in the fourth...
Technical committee formed as plans advance for Eldoret-Kampala-Kigali petroleum pipeline
The formation of the technical committee follows the reopening of talks between the four countries for extension of the pipeline in May.Further, discussions were held in Nairobi in July to establish the committee, which will guide the process of the construction of the pipeline which will carry diff...
Central Bank of Kenya lowers lending rates to 11.25%
Speaking during CBK's final monetary policy committee meeting of the year, CBK Governor Dr. Kamau Thugge urged commercial banks to lower their lending rates following this adjustment.He said the decision was prompted by cooling inflation, a relatively stable...