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22/06/2024

Worldcoin’s Iris-Scanning Reboot: Kenya’s Crypto Comeback in Kenya.
Kenya

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21/06/2024

President Cyril Ramaphosa was sworn in for a second full term in office.

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13/06/2024

President William Ruto is currently in Meru County, Kenya, where he personally delivered a new bus to the Mitunguu Technical Training Institute on June 13, 2024. In a remarkable gesture, President Ruto took charge of the steering wheel and drove the bus himself. Among his passengers were his Deputy, Rigathi Gachagua, and Interior CS, Kithure Kindiki. The video captured this unique moment, showcasing government officials and students of the institute riding together as passengers1.

Additionally, President Ruto has been actively engaged in various other activities, including:

Visiting the United States: In May 2024, President Ruto embarked on a four-day visit to the United States, advocating for increased investments in Kenya. His itinerary included meetings with U.S. officials, including a meeting with President Joe Biden2.

Addressing Fuel Import Disagreements: President Ruto also scheduled a meeting with his Ugandan counterpart, Yoweri Museveni, to resolve disagreements regarding fuel imports3.

Touring the Mount Kenya Region: President Ruto recently returned to the restive Mount Kenya region, visiting counties such as Murang’a, Nyeri, and Kiambu. This visit is significant given the region’s importance in his past election win and his aspirations for a second term4.

President Ruto remains active in both national and international affairs, addressing critical issues and engaging with various stakeholders. 🇰🇪💼

13/06/2024

📢 Important Update: The Treasury has made a strong appeal to Members of Parliament to pass the key proposals outlined in the Finance Bill 2024. This legislation is crucial for our nation’s economic strategy and fiscal management moving forward. Stay informed on how these developments will shape our economy and what it means for you! 🇰🇪💼

What are the key proposals in the Finance Bill 2024?

The Finance Bill 2024 introduces comprehensive tax reforms aimed at enhancing tax compliance and broadening the tax base in Kenya. These proposals reflect a strategic shift towards a more robust and equitable tax system. Here are some of the key proposals contained in the Finance Bill 2024:

Motor Vehicle Tax: The bill introduces a contentious motor vehicle tax set at a rate of 2.5% of the value of the vehicle, with a floor of KES 5,000 and a ceiling of KES 100,000.

VAT Registration Threshold: The time frame for the Kenya Revenue Authority to issue decisions is extended from 60 to 90 days. Additionally, a proposal is to increase the VAT registration threshold for taxpayers making taxable supplies from KES 5 million to KES 8 million.

Minimum Top-Up Tax: On the international tax front, the bill suggests implementing a minimum top-up tax of 15%, mirroring the Inclusive Framework Pillar Two proposal. This provision applies to resident persons or entities with a permanent establishment in Kenya that are part of a multinational group with a consolidated annual turnover of EUR 750 million (approximately KES 108 billion) in at least two of the previous four years preceding the first year of income.

These changes aim to boost domestic revenue and contribute to Kenya’s economic recovery and improved livelihoods. You can refer to this article for a detailed analysis of the proposed changes. 🇰🇪💼

12/06/2024

Breaking News: Tragic Airplane Accident

We are deeply saddened to report the unfortunate news of a plane crash involving Malawi’s Vice President Saulos Klaus Chilima. The incident occurred on Tuesday, June 11, 2024. Our thoughts are with the families and loved ones affected by this tragedy.

As we wait for more details, we would like everyone to remember the contributions of Vice President Chilima and honor his memory. Let us stand together in solidarity during this difficult time.

14/02/2023

Halima enters Tony Nest for the first time on Valentine's Day😛

31/01/2023

The Tree of Life Lofts' Genesis!

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