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…
Author: NBM CORRESPONDENT
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…
BY ROP JANET Kenyans have been urged to embrace their cultural diversity in order to promote unity, national cohesion and economic progression. Kajiado Deputy Governor Martin Moshisho noted that Kenya is home to diverse of ethnic cultures each with its own unique traditions, beliefs and practices. Speaking in Kajiado Town during celebrations to mark the World Cultural Diversity Day, Moshisho emphasized the need to embrace one’s culture and traditions so as not to lose identity in the growing face of globalization. “Through embracing our diverse cultures as a nation, we will be able to appreciate our differences and live together…
Family Bank Group has posted a Sh1.3 billion profit before tax for the period ended March 31, 2024, representing a 24.3% growth from a similar period last year. The growth was mainly driven by an increase in interest income and non-funded income and an expansion of the balance sheet given strategic investment in secure and stable investment avenues and effective asset management even as the economy continued to grapple with the adverse effects of high inflation. “The bank remains resilient amid the tough operating environment. We remain committed to supporting our customer needs, investing in our workforce and optimizing our…
BY LIA ZHU Editor’s note: New tariffs will soon be imposed on Chinese imports such as electric vehicles, United States has revealed. China Daily examines experts’ concerns over the adverse effects such action may have on US consumers and others, and on climate change objectives. Steep tariff rises by the US on Chinese electric vehicles and batteries are likely to backfire, hurting consumers and companies and hampering climate goals, experts say, even though the stated goal is to protect US manufacturing jobs. On May 14, US President Joe Biden directed the office of the US Trade Representative to increase tariffs…
Betting company, SportPesa has partnered with rugby club, Nondescripts Legends (better known as Nondies) in a deal that will see the team receive Sh2 million in sponsorship support towards a doubleheader against their Uganda Vets counterparts. The cash will go towards activities such as coaching and mentorship sessions for young talent and tournaments line up for the Nondies Legends, among other rugby development plans under the “Tujiamini initiative” that will be announced once they come on stream, SportPesa’s public relations manager Willis Ojwang, said on Thursday, May 23. Mr Ojwang said the first leg will be played on June 8,…
The Ministry of Interior and National Administration has strengthened the capacity of 47 county commissioners in spearheading tree planting activities through training, an exercise jointly supported by the Ministry of Environment and Forestry. The training curriculum, co-created with the Kenya School of Government, will empower the county commissioners in monitoring and reporting mechanisms for climate change interventions within their respective counties. “Providing strategic preparedness and a coordination mechanism to support the efforts of the Ministry of Environment in the nationwide implementation of climate change interventions is key,” Principal Secretary, State Department of Internal Security and National Administration Dr. Raymond Omollo, said. He calls…
Airtel Money Kenya Limited has donated Sh25 million to the Kenya Red Cross Society (KRCS) to assist victims of flooding caused by the heavy March-April-May (MAM) rains in the country. The all-cash donation will boost KRCS’s relief efforts in the restoration of livelihoods in some of the counties most affected by the floods. Mr. Ashish Malhotra, managing director of Airtel Kenya, speaking during the cheque handover, said unity among stakeholders is important when it comes to supporting citizens affected by floods. “This is a humble donation towards alleviating the suffering caused by the floods. We believe the contribution will offer much-needed relief and aid…
Prof Peter Gatiti is the new chair of the Standing Conference of Eastern, Central and Southern African Library and Information Associations (SCESCAL Council).