Author: NBM CORRESPONDENT

The efficiency in response to aeronautical search and rescue is set to improve drastically after the Kenya Civil Aviation Authority (KCAA) launched an automated Aeronautical Search and Rescue System at the Aeronautical Rescue Coordination Centre (ARCC) at Jomo Kenyatta International Airport, shifting from the previous manual system. The setting up of the automated integrated system at the ARCC that cost Sh31m will enable the KCAA Air Navigation Service Provider (ANSP) to have continuous coordination, of all Aeronautical Search and Rescue missions within the country. This automation will help KCAA achieve fast and efficient response in event of search and rescue…

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Kenya’s motor vehicle distributor, Toyota Kenya, launched a new hatchback model, Toyota Starlet in the last week of October in a bid to capture customers looking for high-economy vehicles. The model, which was discontinued in the 90’s will start selling at Sh1, 980, 000. Speaking at the unveiling ceremony, Toyota Kenya managing director Arvinder Reel acclaimed the vehicle as comfortable, reliable, and safe. Besides low fuel consumption, the 1.4-litre petrol engine (K14B) delivers power. It has a fuel-efficient petrol engine with a power output pegged at 68kW/6000 rpm with 130Nm of torque at 4200 rpm. “The desire to drive around…

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BY DAVID OJILI The national carrier, has steadily made losses in the last decade and entangled in court battles with its staff at the same time. Project Mawingu, that was at once fronted by the executives as a visionary ten-year plan to propel the carrier to greater hights failed miserably. In it, they had envisioned KQ having a fleet of 100 plus aircraft and going to more than 100 routes globally. Nothing materialized. Every time that the name KQ is mentioned, it is always in bad light. From disappointed passengers complaining of flight delays to pilots threatening to go on…

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Rispah Simiyu is the new Commissioner for Domestic Taxes at the Kenya Revenue Authority (KRA) taking over from Elizabeth Meyo, who had served in the position since the first quarter of 2019. Her new role will see her handle a department that accounts for about 65% of the taxman’s revenue collections. As a deputy commissioner, she was able to grow the dispute resolution profile from the settlement of a mere 90 disputes in 2018 to 284 disputes in 2020. Having practised and consulted on tax matters in Kenya, Tanzania and Uganda, she is not new to tax regulation and is…

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As demand for compliant ship breaking facilities increases, updates to legislation will open several opportunities for compliant facilities outside of the European Union. According to the Basel Ban Amendment, the exportation of hazardous waste, including end-of-life vessels from OECD (Organization of Economic Cooperation and Development) or ‘developed’ countries to Non-OECD or ‘developing’ countries is prohibited. This ban currently prohibits ship-recycling facilities located in non-OECD countries from being included on the European List of ship recycling facilities (EU List). The EU List records certified and compliant ship recycling facilities that have been approved by the European Ship Recycling Regulation (EU SRR). The EU SRR incorporates parts…

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Australian social enterprise Thankyou has made a dramatic pivot to its funding model to join a growing movement of unconventional philanthropists seeking a new way to effectively help achieve the end of extreme poverty, rather than perpetuate it. Thankyou says that for 12 years, they believe their approach to giving contributed to a ‘broken’ system – a system built upon ‘donor dysfunction’. This ‘donor dysfunction’ affecting the NFP space is driven by the desire from donors, like you and I, to support projects that they can tangibly see and understand. We like cheap, simple, tangible solutions that make it easier…

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Poland’s top court has affirmed the right to life of unborn babies with disabilities. The Constitutional Tribunal of Poland ruled that abortions on the basis that the child may have a disability violate the right to life protected in Article 38 of the Polish Constitution. The global human rights organization ADF International intervened to highlight the clear protections, which exist in international law for unborn children, including those with disabilities. It argued that screening out unborn babies based on disability violates a country’s obligations under international law. “Every human life is precious. Human rights protect all members of the human…

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UAP Old Mutual Faulu Foundation has signed a partnership agreement with Simba Foundation to provide technical and entrepreneurship training to the youth. The partnership will see more than fifty youth benefit by acquiring training with a guaranteed paid internship. The program will start in three counties; Nairobi, Kisumu and Mombasa for three years. This will encourage Competency Based Education and Training (CBET) as the youth will learn as they earn. According to Adil Popat, Chairman of Simba Corporation Limited, the project is crucial in order to empower the youth. “As a Foundation we are proud to be championing the empowerment…

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Sidian bank, formerly known as K Rep bank, has integrated more digital technology in its system by launching a revamped web-based application that will allow customers to generate bid bonds from any place or device. The latest product, which is known as Sidian Credible, is a self-service platform that conveniently responds to customers’ needs during the tender process. According to Sidian bank, which is a leader in trade finance, the platform is safe and secure. According to Chege Thumbi, Sidian Bank CEO, Sidian Credible is a huge milestone for the bank and the solution actually sets it apart as leaders/frontiers…

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Relying on guidance from historical returns is the number one investment mistake made by millionaires, reveals a new global survey. The survey was carried out by deVere Group, one of the world’s largest independent financial advisory and fintech organisations, and queried 752 investors with investable assets of more than £1m in the UK, Europe, Asia, Africa, the Middle East, Australasia, Latin America and North America about their biggest errors whilst investing before they became clients. The top cited mistake (38%) was reliance on historical returns, the second (35%) was not having sought advice, and the third (21%) was lack of…

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