Executive Walkway

Parliamentary Aisle

Parliamentary Aisle

Parliament proceedings will resume on 11th February 2025.

Corridors ofJustice

Talking of Which

NSSF Deductions Double Up.

Employer and employee contributions to NSSF are set to increase once again this February.This marks the third year of implementing the controversial National Social Security Fund (NSSF) Act of 2013.The maximum contribution will rise from the current Sh. 2,160 to Sh. 4,320 per employee, with employers required to match this amount. 

Despite the Supreme Court ruling the Act unconstitutional last year, the NSSF issued a public notice on February 22, 2024, asserting that the NSSF Act, 2013 remains in force and instructing employers to continue remitting contributions at the new rates.

Watch out for

University Education Funding Model Review.

The National Working Committee on the Review of the New University Education Funding Model is set to release its final report on proposed changes to the 2023 model in early February, later this week.The controversial funding model is expected to be reviewed to reflect grievances that have married the model since its introduction.

MovingUp

Abhinav Nehra

Abhinav Nehra has been appointed as the CEO and Managing Director of  CIB Kenya Limited. Prior to his appointment as CEO and MD, he has garnered over 30 years of experience in the financial sector. He has held leadership positions in variously recognised organisations such as EcoBank Transnational, where he managed and restructured group retail and commercial banking portfolio with operations across 34 countries.  He was also a key figure in the expansion of UBA Retail financial services from 2 to 16 markets. Lastly, he built and scaled Citi Group’s most profitable finance franchise across emerging markets. He has a Bachelor’s Degree in Science from the Panjab University. He obtained a Master of Business Administration in Finance from the University of Jammu Tawi. He is a proficient French speaker with Certification from Alliance Francaise Paris and Toulouse. His motto in life is Patience, Perseverance, Precision, and alittle bit of luck are key pillars for success in life. In his free time, he enjoys playing golf.