Lamu County will host a joint five County Investment Conference later this month aimed at exploring innovative solutions to enhance climate resilience and stimulate economic development in the frontier arid and marginalised regions. Under the Frontier Counties Development Council, the county governments of Lamu, Tana River, Garissa, Wajir, and Mandera are set to organize a joint County Investment Conference taking place June 27, in Lamu County. Themed “Unveiling Opportunities: Redefining Northern Kenya as an Investable Destination,” the conference will focus on coming up with solutions and recommendations that will boost agriculture, tourism as well as explore potential opportunities that are…
Author: NBM CORRESPONDENT
The government is set to save Sh170 billion from the deal entered between the Kenya power company and ministry of ICT where Kenya power transmission lines are being used to roll out the 100 thousand fibre optic cable throughout the country, ICT and the Digital Economy CS Eliud Owalo has revealed. CS Owalo said the deal is not only cost effective but would also ensure efficiency in the delivery of the fibre optic cable by 2026 and not 2027 as was initially planned. “The use of Kenya power transmission lines to deliver the 100 thousand kilometers of fibre optic cable…
A leader is a steward. Leadership is the ability to influence a group toward the achievement of a vision or a set of goals. The influence could be as a result of either the position held by an individual or from within the group. Good leaders need to have the basic understanding of group dynamics, interpersonal relations as well as be trained in the application of managerial skills. It is at the back of this that good leaders need to be aware of the impact they have on their subordinates, and encourage and use feedback and members’ suggestions in order to…
Belgian national airline, Brussels Airlines is back on the Nairobi-Brussels route after a nine-year break, as the sector continues to recover especially from the effects of the COVID-19 pandemic. The move by the Lufthansa Group backed airline to return to the route was inspired by expanding options to and from Kenya by travelers due to increased connecting flights between Europe and North America through Brussels. It currently flies to 18 destinations in sub-Saharan Africa with the relaunch of Nairobi route signaling planned expansion to the region. “This important milestone comes on the back of a resurgent air transport business in…
By Lilian Mwikali and Judy Totari NCBA Bank Group and Inchcape Kenya have inked a deal that will see the financial institution finance customers to acquire vehicles from the automotive distributor. The lender’s director of asset finance and business Lenox Mugambi said during the signing of the agreement at Inchcape Changan showroom along Lusaka Road on Tuesday, June 4, that the collaboration will offer “exceptional benefits” specifically for those looking to acquire Jaguar, BMW, Land Rover and Changan vehicles. “As we navigate through the complexity of vehicle financing, our goal remains clear to simplify the process and make it more…
Narok County government has started a ban on usage of private vehicles for game drives in Maasai Mara National Reserve, saying only safari trucks, safari land cruisers and safari vans are exempted. The move will boost the reserve’s tourism revenues while reducing the impacts of tourism on its natural environment, as per the Maasai Mara Management Plan 2023-32, whose main objective is strengthening and harmonising management systems and improving internal collaboration between the two sections of the reserve, through for example, the establishment of an internal management committee. Authorities say the plan will also align airstrip landing licensing throughout the…
By Ann Precious Kinyua It is not uncommon to find “Lipa mapema na pochi la biashara” stickers in public service vehicles nowadays. Investing in digital advancements gives all sectors of society big opportunities, especially in the realm of financial transactions. However, amidst the convenience of digital money transfers, it is critical to ponder the associated costs. The digitised method of cash transfer has surged, with Safaricom’s M-Pesa proving convenient. The telco’s extensive network makes it possible for users to reach individuals even in the most remote areas, facilitating not only money transfers, but also communication through phone calls and text…
Kenya Airways Group managing director and CEO, Mr Allan Kilavuka, has been honoured with the 2024 African Aviation Leadership Award. Established by African Aviation Magazine in 1999, the award recognises individuals, companies, and organizations that have made significant contributions to the development of aviation in Africa. “This award highlights Allan’s exceptional leadership, visionary approach, and dedication to advancing the aviation industry across the continent,” CEO of African Aviation Nick Fadugba FRAeS, said. “His innovative strategies and commitment to excellence have set new benchmarks in the industry, inspiring peers and driving significant progress.” The panel of judges for the award included…
Murang’a County Government Governor Dr Irungu Kang’ata has reiterated the need to pursue a manufacturing and industrialisation economic agenda at the national and county levels to foster accelerated development. He said pursuing a progressive manufacturing and industrialisation agenda, particularly for export-led enterprises, should include adopting a conducive economic environment, including attractive investment and tax policies. Speaking in his county during an event to officially launch a new macadamia oil processing plant by listed agribusiness company, Kakuzi, Dr Kang’ata said manufacturing ventures provide numerous direct and indirect benefits that spur economic progress. Export-led enterprises, he noted, provide several benefits at the…
By Betty Guchu As Kenya aims to rationalize and harmonize tax expenditures, the lingering question is whether this fiscal performance will lead to a standing ovation or calls for a script rewrite. Tax incentives are deductions, exclusions, or exemptions from taxes that are due to the government. They are employed as incentives to draw money flows into desired economic sectors or areas, or to make particular investments. Thus, tax incentives lower a person’s or a business’s tax liability while costing the government money. They may be cost-based, meaning they lower the cost of capital, or profit-based, meaning they minimize income…