Daily Archives: June 10, 2013

Market traders call for seizure of ‘grabbed’ parking yard

A parking yard for a major market in Mombasa has been grabbed, causing traffic jams around the facility.

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Sugarcane farmers’ lobby supports bid to disband NCPB

Sugarcane farmers have joined their maize counterparts in demanding that the National Cereals and Produce Board (NCPB) be barred from buying and distributing fertiliser.

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Supermarkets and malls on the spot over parking fees

Supermarkets and shopping mall owners face a class action suit over the charging of parking fees.

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Experts propose the return of capital gains tax

Experts are rooting for leasing of public assets, the return of capital gains tax and compensation for delays in tax refunds in a raft of proposals to help reduce budget deficit.

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Toyota deals blow to local body assemblers

Toyota Kenya has dealt local body builders a blow after it contracted a South African firm to produce bodies for its buses under the Hino brand due to quality and safety concerns.

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Jetlink offers creditors shares in recovery plan

Jetlink Express is set to offer shares to its creditors in a recovery plan that will see the troubled budget carrier receive funding from CFC Stanbic Bank.

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Qatar Airways targets KQ with Fly540 partnership

Qatar Airways has signed a partnership with budget operator Fly540 in a move that will boost its footprint in the region and deepen its rivalry with Kenya Airways.

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Treasury makes U-turn in KRA commissions row

Treasury has eased its financing row with the Kenya Revenue Authority (KRA) after it agreed that the commission it paid the tax man for collecting revenues was inadequate.

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Budget office demands cap on amount of domestic borrowing

The Parliamentary Budget Office (PBO) has demanded a report on the Treasury’s strategy for dealing with the ballooning public debt.

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Interest payment on public debt surges to Sh100bn

Interest payment on Kenya’s public debt has hit Sh101 billion, exceeding the allocation for most government ministries in an indication of the strain that borrowing is exerting on the national budget.

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Anti-money laundering agency gets Sh350m in Budget

The Financial Reporting Centre (FRC), the National Treasury’s independent arm for combating money laundering and terrorism financing, has been allocated Sh350 million.

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Ambani buys 10 prime plots in high end Nairobi estates

Indian tycoon, Mukesh Ambani, has deepened his investment in Nairobi’s real estate sector with the acquisition of 10 prime plots valued at Sh2.9 billion.

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Woman breaks into export market with rare flower species

She might be old, but Mary Muriithi’s passion for flowers has not faded and years on she is among the few farmers making tidy profits from export of rare flower types.

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Simple ways to keep your SME on fast growth track

What steps can we take to improve use of financial resources and increase productivity in this tough economy?

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