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MPs raise reserves of wealth for future generations to 30 percent

Nairobi, July 7 -- MPs have ring-fenced 30 percent of Kenya's planned sovereign wealth fund (SWF) for future generations, triple the State's earlier proposed 10 percent, even as the country races to e... और पढ़ें


MPs cap fees to sovereign wealth fund asset managers at 2 percent

Nairobi, July 6 -- The fee payable to external fund managers for managing assets under the planned Sovereign Wealth Fund (SWF) has been capped at two percent, in a bid to ensure prudent utilisation of... और पढ़ें


MPs summon Ketraco, PSs over irregular Sh1.7bn wayleave pay

Nairobi, June 24 -- Parliament has summoned top Energy Ministry officials over the irregular payment of Sh1.69 billion in wayleave compensation in the acquisition of transmission lines for seven donor... और पढ़ें


MPs summon Uchumi bosses over ex-staff pay

Nairobi, June 23 -- Parliament has summoned the owners of troubled Uchumi Supermarkets over the non-payment of salary arrears, gratuity, and other terminal benefits owed to former staff. The National... और पढ़ें


KRA targets employers over Sh100bn Affordable Housing Levy default

Nairobi, June 10 -- The Kenya Revenue Authority (KRA) will soon crack down on employers who have evaded remitting more than Sh100 billion in employees' deductions from the Affordable Housing Levy. Th... और पढ़ें


State eyes Sh1.4 billion from new tea export, import levy

Nairobi, June 8 -- The Ministry of Agriculture projects to collect Sh1.38 billion from the newly tea export levy annually, raising the total taxes from the beverage to more than Sh1.4 billion. The go... और पढ़ें


KHRC opposes capital gains exemption for property funds

Nairobi, June 3 -- Human rights advocates want Parliament to reject the Treasury's proposal to exempt capital gains tax-charged at 15 percent on net gains-on transfers of property to real estate inves... और पढ़ें