Author: David Indeje

Nairobi, Kenya’s capital ranks top in Africa for innovation and ranks among the top 100 globally, according to  Knight Frank’s Africa Horizons Report 2021/22. South Africa’s Cape Town was second, Kampala third with Cairo (Eqypt) and Johannesburg (South Africa) at fourth and fifth place respectively. Dar es Salaam (Tanzania) came in sixth followed by Lagos (Nigeria), Dakar (Senegal), Accra (Ghana) with Addis Ababa (Ethiopia) closing the top ten list. The report which outlines opportunities for investment across the continent, notes that Africa’s investment market is expected to remain resilient despite the pandemic and is well placed for investors to capitalise…

The High Court Monday issued conservatory orders restraining the Kenya Revenue Authority from implementing the minimum tax at a rate of 1 per cent of firms’ turnover. At the beginning of the current fiscal year, the government assented to the Finance Act, 2020 which amended the Income Tax Act by introducing a new Section 12D providing for the introduction of Minimum Tax at the rate of 1% of the gross turnover effective 1 January 2021. However, Justice Geroge Odunga issued the conservatory orders restraining KRA “…from the implementation, further implementation, administration, application and or enforcement of the law…by collection and…

The Nairobi Regional Commissioner  James Kianda says they will review their traffic management within the county as they enhance compliance with Covid-19 measures. Kianda says the idea is to identify bottlenecks, towards optimization of traffic throughput before the 8 pm to 4 am curfew. “Going forward, our traffic management will be reviewed and enhanced to facilitate smooth transition into curfew hours,” he said in a statement issued Sunday. This was in response to the traffic snarl-up along Thika Superhighway as a result of police officers trying to ‘strictly enforce the curfew restrictions. “We are also fully alive to the fact…

World men’s marathon record holder Eliud Kipchoge on Sunday won the Mission Marathon in Enschede, Holland. Kipchoge finished the 42km race run at the Twente Airport in 2:04:29. “The marathon was the real test towards Tokyo and is a good marathon to happen before the Olympics, I am going back to Kenya and see how my training will become,”  Eliud spoke after the marathon. Jonathan Korir clocked 2:06.40 to finish second. Eritrea’s Goitom Kifle finished third 2:08.27. https://twitter.com/NNRunningTeam/status/1383707539578052609?s=20

Sameer Africa PLC profit surged to KSh43 million net profit at the end of December 2020 from Ksh 1.76 billion in 2019. Its’ revenue dipped by 57% to KSh757 million from KSh1.76 billion in 2019, due to the shut down of its tyre business.  However, the tyre business has been revived according to its four years strategic plan (FY 2021-2024). “Despite 2020 being a difficult year, the group reported a profit which was a significant turnaround and improvement from the loss of Sh1 billion reported for the year 2019,” Sameer said in its financial statement. Operating expenses declined to KSh118…

Kenya has inaugurated its National Civil Aviation Facilitation Committee (NCAFC) in its bid to be in line with international civil aviation standards and best practices as required under Standard 8.19 of Annex 9 of the Chicago Convention. The committee comprises government ministries, security and stakeholders in the aviation industry will serve for a period of 2 years. “The Committee shall be chaired by the Ministry responsible for Civil Aviation and the Kenya Civil Aviation Authority shall be the Secretariat,” James Macharia, Cabinet Secretary, Transport, Infrastructure, Housing, Urban Development and Public Works said through a Gazette Notice dated 7th April 2021.…