People are certainly broke, and with the rampant layoffs, it is most likely that even the taxman might miss out on PAYE BY VICTOR ADAR For a long time, the national debt that has touched Sh50trn, which is a 15% above the recommendations set by the International Monetary Fund, has denied Kenyans peace of mind. Even though the current annual borrowing of nearly $2b has financed big infrastructure projects, paid some loans and helped plug other government expenditure, the state of the economy in general in any given month is bleak, and unsustainable. In numerous ways, with more state debts…
Author: Victor Adar
Victor Adar
Victor Adar holds a Diploma in Mass Communication, Print, from Technical University of Mombasa. He has worked before for Reuters, Go Places travel magazine and Aden Associates International. As one of the old hands at NBM, having joined the team in 2012, Victor is one of the most reliable writers in the editorial team. He writes more on enterprise, corporate affairs, HR and technology.
BY VICTOR ADAR More and more individuals stay alert waiting for the right excellence awards to participate in. This has resulted into the formation of tens of competitions by players and stakeholders. A few examples include real estate excellence awards, whose mission is to recognise players in the real estate sector, digital excellence awards, agribusiness excellence awards, Bloggers Association of Kenya awards, quality healthcare Kenyan award and energy management awards. Excellence awards are on the rise following a general fact that they aim at improving the customer experience journey while recognizing and encouraging learning and best practices within a particular…
National Treasury and Planning Cabinet Secretary Ukur Yatani has called on residents of the upper eastern region at the Kenya-Ethiopia border to take advantage of recently established One Stop Border Point (OSBP) in Moyale to boost trade between Kenya and Ethiopia. Outlining initiatives that include facilitating trade between the two countries, and ensuring high levels of tax compliance among the traders in the region, the CS said that the modern facility (which is among other six in the country) was underutilized. In an attempt to seal the gap, residents in this region should make use of the facility for their…
Seventy percent of Kenyans are not prepared for retirement as a result of high cost of living, minimum wages, low levels of saving, and lack of financial literacy BY VICTOR ADAR With a majority of work force especially young people seemingly not saving for retirement, there is a growing need to educate the masses on pension schemes. The general financial benefits of a scheme, for instance, is no longer appealing and is simply seen as a punishment by some employees. This is why Fred Waswa is focused squarely on pension, insurance and training. It took the Octagon Africa Financial Services…
BY VICTOR ADAR In an industry filled with firsts, Solomon and Jeremy Obano have managed to come up with a top class service thanks to their passion for food. With their 75 year-old mum, the two brothers run Events at Savanna Garden and Savannah Garden Resort, a high-end event catering and accommodation business that was founded in 2015. Solomon has worked with major international employers based in the city of London in their hospitality and staff restaurant including Visa, Ernest Young, Shangri la, Haymarket hotel, KPMG, and even BNP Paribas. Jeremy, on the other hand, is an IT Service Management…