THE EXCHANGE
| Africa Continental Free Trade Area (AfCFTA) was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations. Now Kenyan manufacturers have urged government and relevant agencies to urgently address gaps in trade facilitation following the commencement of trade under the AfCFTA… https://theexchange.africa/africa/industry-calls-for-urgent-afcfta-implementation-plan/ BUSINESS DAILY Restructured bank loans hit 54pc in December. Pg.1&4 Banks have now restructured more than half of their total loan books, highlighting the persistent economic hardship facing businesses and households due to the disruptions caused by the Covid-19 pandemic… Youth online job plan now on track, says CS Mucheru. Pg.2 A State-backed project aimed at training up to up to a million youth a year for freelance online jobs is back on track after a stutter due to lack of funds, ICT, Innovation and Youth Affairs Secretary Joe Mucheru has said… https://www.businessdailyafrica.com/bd/economy/youth-online-jobs-plan-track-says-cs-mucheru-3271050 M-pesa to generate customer receipts, bills for businesses. Pg.6 The M-Pesa platform will now auto-generate invoices, send payment reminders and issue e-receipts to customers on behalf of businesses for free in a new innovation that targets businesses with repeat transactions… https://www.businessdailyafrica.com/bd/corporate/companies/m-pesa-to-generate-customer-receipts-bills-for-businesses-3270976 Mukora: Glaring gaps in the new digital services tax law. Pg.7 There has been a lot of commentary in the media in respect of the newly introduced digital services tax. While the rationale for the introduction of the digital services taxes is understood generally, there appear to be some concerns on whether the law as passed achieves the objectives desired by the Kenya Revenue Authority (KRA)…https://www.businessdailyafrica.com/bd/opinion-analysis/ideas-debate/glaring-gaps-digital-services-tax-law-3271028 Kenya sets the pace in use of tech to ease travel. Pg.13 Massive changes have been implemented at airports across the globe in the wake of a pandemic that has altered the way we do things in virtually every aspects of our lives. Countries have been compelled to innovate to make airports and travelling safe and help in fighting the Covid-19 menace… https://www.businessdailyafrica.com/bd/corporate/technology/kenya-sets-the-pace-tech-to-ease-travel-3270832 Agency goes online to track FDI deals. Pg.16 Kenya Investment Authority (KenInvest) has set up a web-based Foreign Direct Investment (FDI) tracking tool enabling it to generate reliable and timely investment statistics for investors and to guide marketing strategies…https://www.businessdailyafrica.com/bd/markets/capital-markets/agency-goes-online-to-track-fdi-deals-3270906 DAILY NATION Light at end of tunnel for Sh18.2 billion power line. Pg.36 Stable power supply to western Kenya will soon be a reality after the Ministry of Energy confirmed that the major transmission line evacuating electricity to the region will be complete by next month… THE STANDARD NMS to clear pending bills worth Sh1.3b. Pg.25 City Hall has handed over Sh1.3 billion pending bills files to the Nairobi Metropolitan Services (NMS) for payment to suppliers and contractors… https://www.standardmedia.co.ke/nairobi/article/2001401532/nms-to-clear-pending-bills-worth-sh-13b Title deeds change: What you need to know of digital era. Pg.27 In the second week of January 2021 in a WhatsApp group of graduate surveyors, to which this writer belongs, one member shared a screenshot of a notice said to have come from the Lands ministry… https://www.standardmedia.co.ke/home-away/article/2001401539/title-deeds-change-what-you-need-to-know-of-digital-era State extends deadline for firms to name shadowy owners. Pg.32 The deadline for companies to submit to government names of shareholders or controlling entities has been extended by six months. Business Registration Service (BRS) said it had received more applications by those keen to comply… https://www.standardmedia.co.ke/business-news/article/2001401518/state-extends-deadline-for-firms-to-name-shadowy-owners CBK retains base lending rate at 7pc. Pg.33 The Central Bank of Kenya (CBK) retained the base lending rate at seven per cent for nine consecutive months on the back of gradual economic recovery from the coronavirus pandemic… THE STAR Tourism health protocol expensive to bear – Tourism lobby Hoteliers are complaining that the Covid-19 safety protocols put in place by the Ministry of Tourism are too costly compared to their returns… https://www.the-star.co.ke/business/kenya/2021-01-28-hoteliers-want-state-to-subsidise-covid-19-prevention-costs/ Otieno: Israeli technologies key to Kenya’s development Kenya and Israel have over the years enjoyed a strong and fruitful relationship based on mutual friendship, respect and trust… https://www.the-star.co.ke/opinion/star-blogs/2021-01-28-israeli-technologies-key-to-kenyas-development/ |
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