Rubi Communications Ltd

29/05/2024

Our take on the proposed motor vehicle circulation tax.
A flat rate of 2.5% capped at Ksh 100,000 can definitely be seen as unfair. It puts a higher burden on those who can afford it less.

Here are our suggestions

Remove the cap and distribute the tax more fairly: This would spread the tax burden more evenly based on the value of the vehicle. People with more expensive vehicles would pay more tax.
Exempt revenue-generating vehicles: Matatus, lorries, taxis and similar vehicles are essential for the economy and already face many costs. Exempting them from this tax could help reduce their operating expenses.
Separate the tax from vehicle insurance: Tying the tax to insurance premiums could discourage people from getting insurance coverage, which is already low in Kenya. Separating the two would keep insurance costs stable.

13/06/2023

The Government cost of domestic borrowing is on an upward trajectory.

"Interest rate demands by investors in the June infrastructure bond are likely to exceed the 15 percent mark, fixed income analysts say, in what promises to test the government’s resolve to keep a lid on borrowing costs in a period of fiscal strain. The Sh60 billion offer, whose sale closes tomorrow, is expected to attract healthy investor appetite due to its tax-free status and a relatively short tenor of seven years. Investment banks normally recommend bid ranges for clients, striking a balance between optimising returns and avoiding rejection of the bids by the Central Bank of Kenya (CBK) on account of being expensive. For the June bond, Genghis Capital has recommended bid levels of between 14.9 and 15.1 percent, while AIB-AXYS Africa’s bidding guidance is between 15 and 15.49 percent. Analysts at Sterling Capital are at between 14.99 and 15.19 percent for the bond which is the final issuance of the current fiscal year."

12/06/2023

In the United Arab Emirates (UAE), a kilogram of bananas costs AED 7, which is equivalent to Kshs 265. These bananas are imported from the Philippines. If someone can connect Kenyan farmers to this market, they could make a lot of money in banana farming.

The current price of bananas in the UAE is much higher than the price of bananas in Kenya. This is because the UAE is a wealthy country and people there are willing to pay more for imported goods. Kenyan farmers could take advantage of this price difference by exporting their bananas to the UAE.

There are a few challenges that Kenyan farmers would need to overcome in order to export their bananas to the UAE. First, they would need to meet the high standards of quality and safety that are required by the UAE government. Second, they would need to find a reliable way to transport their bananas to the UAE. Third, they would need to find a way to market their bananas to potential buyers in the UAE.

If Kenyan farmers are able to overcome these challenges, they could make a lot of money by exporting their bananas to the UAE. The UAE is a large and growing market, and there is a lot of demand for bananas. Kenyan farmers could tap into this demand and generate significant income for themselves and their communities.

28/12/2022

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27/07/2022

What goes around, comes around... 🤔

27/07/2022

Road users who engage in any one of these behaviours are more likely to be involved in a fatal crash ,
European Union in Kenya
Ma3Route
Sikika ROAD Safety
Nyanza Traffic
Accident News Alerts
Government of Kenya Spokesperson