Second-hand clothes or ‘mitumba’ as they are popularly known in Kenya, are disposed of clothes previously worn in developed countries and imported to countries such as Kenya and other countries in Africa where they look fashionable and appealing, hence ‘trashion’. Many are familiar with the
A high court ruling in Kenya this week has ordered the liquidation of two funds owned by Cytonn Real Estate – Cytonn High Yields Solution (CHYS) and the Cytonn Real Estate Project Notes (CPN) – to recover Kshs 14 billion owed to 4,000 investors. Some
The Kenyan government pledged to provide an additional $5 million a year for the next five years to strengthen Kenya’s anti-doping programmes. This proved to be the magic bullet that saw Kenyan athletics survive the looming global ban from World Athletics due to a flood
The good news from the Budget Statement was that fuel would be spared the proposed 10 per cent increase in Excise Duty that the Treasury has asked the National Assembly to impose on Kenyans when the Finance Bill is passed. The bad news, according to
The Tax Talk Series hosted by the Kenya Revenue Authority held a webinar on April 8, 2022, to discuss the post budget effects on taxes. The session which lasted for close to an hour was moderated by Nixon Omondi – Manager, Digital Economy, Tax Office.
Against the backdrop of the 2022 General Election, Kenyans have been receiving unsolicited political messages, as political parties clamber to influence voters. Voter registration has been in overdrive, currently in the second phase of the enhanced continuous voter registration due to end on February 6,
Several legislative interventions that have affected the private sector came into force in 2021. As the year draws to a close, we look back at some of these interventions and their resultant impact. The Finance Act, 2021 (the Finance Act) exempted resident persons from Digital
By: John Mburu The EGCL Institute recently conducted a study on the impact that Government domestic borrowing has on private sector investment in Kenya. In summary, the study established that Government domestic borrowing can affect private investment negatively by reducing the amount of credit available
The United States International University-Africa (USIU-Africa) has commenced an international executive search seeking to retain a substantive Vice-Chancellor to lead the premier higher education institution. The process will be spearheaded by a United Kingdom-based firm, Oxford HR, a specialist executive search and organizational effectiveness firm
The private sector alliance (KEPSA) collaborated with the Ministry of Environment and Forestry and UNDP in the organisation of the REDD+ strategy consultation forum that took place at Nyali Sun Africa Beach Resort, Mombasa, on Tuesday, October 19, 2021. The regional consultation forums were organised
Recently, the Kenya Institute of Management (KIM), Kenya Private Sector Alliance (KEPSA), Nairobi Securities Exchange (NSE) and New Faces New Voices (NFNV)collaborated on a project to examine the impact of diversity and inclusion on organisational performance, decision-making, and productivity in the boardroom. The study sought
Digital technology and ease of access to information has culminated in changing communications skills and consumer spending behavior. A 2020 Mastercard Study on Consumer Spending revealed that at least four out of five (79%) of surveyed consumers in Kenya shop more online since the Covid-19
The role of the private sector in development is more than just that which is pegged on the financial sector. Apart from the traditional economic development role that the private sector plays that includes providing goods and services, generating tax revenues and developing new and
“We believe the policies that we have laid down will be able to keep inflation down, interest rates will be controlled, balance of payments will be also managed properly, and also the Kenyan shillings exchange rate, we are expecting it to remain stable on account
Sustainability is a critical component of a comprehensive plan for future success. Contrary to popular belief, sustainability is more than just environmentalism as it also recognizes the role of social and economic dimensions in delivering long term prosperity. Businesses must take active roles to demonstrate
On 26th of March, 2021, the World Bank Water Resources Group in collaboration with the Kenya Private Sector Alliance (KEPSA). The purpose of the webinar was to explore opportunities for unlocking the market and strengthening the enabling environment for a circular economy approach to wastewater
Background A joint venture (JV) enables companies to join forces in order to achieve goals such as expanding markets and lowering the costs of production. However, JVs or collaborations among competitors raises potential competition law issues. Competitors may join forces in order to accomplish procompetitive
The Business Laws (Amendment) Bill (No.2), 2020 seeks to make various amendments to various statutes highlighted as follows: Clause 2 of the Bill seeks to amend the Law of Contract Act, Cap 23 to eliminate the requirement of a company seal in execution of documents
The Ministry of Industrialization, Trade and Enterprise Development (MoITED) Situation Room has produced these guidelines to offer direction to players in the sector trading with alcoholic beverages on how to minimize the risk of infection with Corona Virus leading to COVID- 19 disease. These guidelines
The Kenya budget cycle is well on its way and is in fact half way through with the National Treasury and Planning having just concluded the public hearings for FY 2021/22 and Medium-Term budget proposals. The budget is the most important policy through which the
National Treasury has accepted to increase the monthly
VAT refunds allocation from Ksh. 1.2 Billion to Ksh. 1.7
Billion. This has greatly contributed to the liquidity and
availability of capital which has been instrumental in
the continuity of business operations.
Banking on technological advances in standards
application, KEBS has also committed to supporting
MSMEs to adopt ICT and adapt to the digital
revolution by exploiting tech opportunities such as
cloud computing and data analytics, among others.
Introduction With the COVID-19 pandemic here to stay, corporations are now forced to operate digitally. Early in the year the Capital Markets Authority released a note stating that publicly listed companies are allowed to hold virtual meetings since they cannot host their statutory meetings in
