February 14, 2016

Double taxation for motorists as road toll looms on key Kenyan highways

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Kenyan motorists are headed for tough times as the government prepares to introduce a new tax on four major roads to raise extra cash for road maintenance. The Kenya National Highways Authority (KeNHA) has erected billboards on key roads, notifying motorists of the intention to introduce user fees commonly known as tolls – to boost the pool of cash it is currently collecting through fuel levy. The list of highways, where motorists may soon start paying includes Nairobi-Nakuru, Nairobi-Mombasa, Thika Superhighway and Nairobi’s Southern by-pass. The new charges, which amount to a new layer of taxation, are curiously being introduced under…

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KQ, Fastjet on the spot over misleading ticket price ads

KQ

National carrier Kenya Airways and Fastjet are among airlines in the crosshairs of the aviation regulator, who has warned against publication of misleading adverts which indicate ticket prices that are exclusive of taxes and fees in a bid to attract customers. The Kenya Civil Aviation Authority (KCAA) has ordered airlines to advertise the full price that passengers should pay when booking flights. The regulator says failure to abide by existing aviation, consumer protection and competition laws could see the airlines fined or even have their licences revoked. “Kenya Airways, Fastjet, Skyward Express and many other airlines are advertising their tickets…

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Kenyan man accuses daughter in UK of cheating him out of his Nairobi office building

fogo

The father of a lawyer who fled Kenya in the wake of a fierce family feud over a prime building in Nairobi’s Westlands has accused his daughter of cheating him into transferring to her most of his shares in the property. Anil Mandevia reckons that his daughter, Akshata, lied to him that she needed a majority stake in a family company that owns Westlands-based Viking House to secure from Barclays Bank UK a mortgage she needed to buy property in Central London. Mr Mandevia says in court papers that he learned his daughter’s claim was merely aimed at taking full…

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Kenya to manufacture pain killer morphine for chronic diseases

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Kenya is set to start manufacturing morphine, a crucial painkiller used to relieve suffering of cancer patients as the country moves to boost its capacity to handle chronic diseases. Kenyatta National Hospital (KNH) has been identified as the central access and production point of morphine starting May. “We will be starting with 47 kgs of morphine powder which will be reconstituted into a solution – to be enough for the next three years,” Kenya Hospices and Palliative Care Association (KEHPCA) executive director Zipporah Ali said. “Only those who have dealt with delicate patients during palliative care would know that there…

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Kenya taxi drivers give state 7 days to lock Uber services out of Nairobi

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Taxi operators have given the government seven days to drive the Uber taxi service out of Nairobi, failure to which they will paralyse transport. The operators under the Kenya United Taxi Organisation denied attacking Uber cab drivers as alleged, saying they are peacefully conducting a genuine business. “It is they who have been attacking us while trying to get us out of business,” their leader Mwangi Mubia told a press conference on Wednesday. “We will block roads if Uber is not done away with in a week’s time. We have told our members to park their vehicles at strategic locations…

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Centum lines up Sh510 million funding for start-ups in Kenya

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A foundation run by Centum Investment has committed to invest about $5 million (Sh510 million) in startups in the next three years. Centum Foundation has announced that it plans to invest about $150,000 (Sh15.3 million) in each eligible start-up either through a convertible debt or equity. Budding entrepreneurs will be required to present their business ideas and highlight their competitive advantage, the ability of the team, its potential market size and the potential impact of innovations. “Entrepreneurship is part of Centum’s DNA, therefore, it only made sense to use the skills we have gained over time to build great businesses…

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How 22 year old Kenyan Agnes Ng’ang’a went from selling pencils to owning a firm worth over Sh6 million

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AGNES MULEWA picked her business acumen in primary school where she sold pencils and snacks. The 22-year-old entrepreneur believes that a girl should not depend on connections to make it –all she needs is a plan and a goal Agnes Mulewa Ng’ang’a looks like she has just stepped out of a glam magazine. She has the poise of a model and a radiant smile that lights up her face. This 22-year-old is quickly becoming one of Kenya’s rising entrepreneurs. She is the chief executive officer of International Brand Solutions (IBS). The firm worth over Sh6 million, is a fast growing…

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Kenyatta family seeks approval for its dream city outside Nairobi

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The Kenyatta family has taken a key step to realising its long-held ambition of building a city on its vast land holdings outside Nairobi, with a formal application to authorities for an environmental audit of the project. The family, which is among Kenya’s biggest landowners, wants to build the mixed-use development on an 11,000-acre farm that is currently occupied by its giant dairy processor Brookside. Northlands, as the planned city is known, is expected to dwarf similar projects such as Tatu City, and incorporates low-to-high income residential areas, commercial space, a central business district, schools, an industrial area and an…

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[PHOTOS] Kenya’s $50 billion megaprojects

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Kenya’s ambitious infrastructure projects- with a total projected cost of roughly $50 billion are poised to transform the country over the next few years. The country is already an infrastructure powerhouse in East Africa and is poised to make a quantum leap in the next few years. Here are some of the projects. -CNN

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US yet to make decision on direct flights over security concerns in Kenya

KQ

The US government is yet to make a final decision on when direct flights between America and Kenya would commence, due to security concerns. US Ambassador to Kenya Robert Godec said although the Kenya has made progress in addressing the aviation requirements, there were still some security issues which needed to be sorted out. Some of the concerns touch on security at the Jomo Kenyatta International Airport in Nairobi, which is Kenya’s topmost aviation gateway. In an exclusive interview with the Nation at Ali Mazrui Memorial Library at Majengo in Mombasa on Tuesday, Mr Godec said the US government had…

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