Seeing that the SGR will average a speed of 120km/h, this translates to approximately 4.5hrs from Nairobi to Mombasa. This is quite commendable considering the trip currently takes almost 8hrs by road.
The bank will close at least eight of its 24 branches in Nairobi and double that number out of the capital. According to a senior official who spoke to us on condition of anonymity, the bank will fire at least 300 employees in February.
In comments to the international NGO Tax Justice Network, anti-corruption campaigner John Githongo has said that the proposed centre "would be like a financial crime aircraft carrier, self-contained and able to cause considerable damage”.
“Kenya’s debt is something to watch. The country needs to slow down on spending and external borrowing,” Renaissance Sub-Saharan Africa Economist Yvonne Mhango said.
Meru, Garissa, Mandera, Marsabit, Samburu, and Tana River may in future rely on commuter links from the airport, which will also boost commerce in the region and ease export of meat and agricultural products.
Citing high production costs resulting from high energy costs, prohibitive and unchecked imports. Other companies that have relocated over the past 10 years include Colgate Palmolive, Unilever, Johnson & Johnson, Procter & Gamble and Reckitt & Benkiser.
Construction of the 132 kV substation will reduce the power outages as the station had double circuit lines which ensure uninterrupted power supply in the case of ongoing power repairs on some lines.
The signing of the Bill was only the first step in an expected bruising battle between the public and banks. While the law's implementation will start immediately, it will take at least a few months before the Central Bank comes up with regulations to govern the broad principles in the Act.
For example, measures on the cleanliness and pathogen-free status of food known as sanitary and phytosanitary measures cover more than 60 percent of agricultural trade.
The news has revealed the acute level of unemployment in Kenya even as official statistics indicate a high rate of job creation. The news generated buzz on social media, with many Kenyans expressing concern at the slow rate of creation of formal sector jobs.
Kenyans are heading to a harder economic times with every item being slapped with a tax which is a concern to everyone in the country and, according Mbadi, members of parliament are the ones to save this country.
ICPAK vice chairman, Julius Mwatu, said an assessment of the expenditure priorities contained in the 2016/2017 budget estimates has attracted several questions around the expenditure planning for the country.
Kenya’s private sector remained in good health during May, as business conditions improved solidly as both output and new orders increased, according to the latest Purchasing Managers’ Index (PMI) data released by CfC Stanbic Bank.
Henry Rotich, the cabinet secretary for finance, will present today a Sh2.3 trillion budget for the 2016/2017 financial year.
Experts have called on the government to clarity inconsistent areas of Tax Procedure Act 2015 to make the law more efficient in raising awareness and compliance by taxpayers.
Michael Wambugu PKF Partner says Kenya’s public debt-to-GDP ratio is 41 per cent – which is by any standards still manageable.
The study says that Chinese aid may continue to play a bigger role over time because Kenya’s foreign aid flows are volatile. “The coefficient of variation of Kenya’s aid is 74.19 between 1960 and 2013 the coefficient of variation for Sub-Saharan Africa is 64.71 over the same period.
The Nairobi Securities Exchange (NSE) has recommitted itself to embrace, support and enact a set of core values in areas of human rights, labour standards, environment and anti-corruption after joining the world corporate sustainability initiatives.
Kenya created 841,600 jobs in 2015, according to the Economic Survey just released. Of these, only 128,000 jobs, or 15 percent, were in the modern sector.
CBK Governor Dr Patrick Njoroge said the drivers of growth will on macroeconomic stability, stronger agriculture performance, public infrastructure investment and tourism recovery.