KRA targets real estate firm directors in Sh20bn tax probe

KRA headquarters Times Tower in Nairobi. FILE PHOTO | NMG 

By PAUL LETIWA

Summary

• Among the firms on the KRA radar are Banda Homes, Greenspan, Superior Homes Kenya and Nexgen Office Suites, Muga Developers and Chigwell.
• Realtors have frequently blamed poor sales for the underperformance of the segment that has lately been flagged for increased loans defaults that has seen many half-done houses being auctioned.

KRA targets real estate firm directors in Sh20bn tax probe

KRA headquarters Times Tower in Nairobi. FILE PHOTO | NMG 

By PAUL LETIWA

Summary

• Among the firms on the KRA radar are Banda Homes, Greenspan, Superior Homes Kenya and Nexgen Office Suites, Muga Developers and Chigwell.
• Realtors have frequently blamed poor sales for the underperformance of the segment that has lately been flagged for increased loans defaults that has seen many half-done houses being auctioned.

No mad rush in banks on the last day of old Sh1,000 note

The Central Bank of Kenya building in Nairobi. FILE PHOTO | NMG 

By PAUL WAFULA
More by this Author

Summary

• The old Sh1,000 note has ceased to be legal tender after 25 years in the market.

It was business as usual for many banks and currency dealers Monday as the old Sh1,000 ‘elephant’

Forex reserves fall to four-month low

CBK governor Patrick Njoroge during a past briefing. FILE PHOTO | NMG 

By GEOFFREY IRUNGU
More by this Author

Summary

• The reserves stood at $8.985 billion or Sh931.7 billion, the lowest level since May 23 when they stood at $7.981 billion.
• The latest decline in reserves continues the trend seen in recent months.
• The fall started on July 18 when the figure stood at $9.747 billion after a rise in the preceding week, and have continued every week to date.

Safaricom fixed Internet up, cuts Zuku dominance

A cyber cafe in Nairobi. Safaricom has grown its fixed Internet market. FILE PHOTO | NMG 

By JOHN MUTUA
More by this Author

Summary

• Safaricom has grown its fixed Internet market by 11.5 percentage points from 21.2 percent; while Wananchi Group increased by 4.4 percentage points to 34.8 percent.
• In the 12 months to June, Safaricom gained an additional 59,720 fixed Internet connections while Wananchi Group had 34,194 new connections in the period under review.
• The sharp rise in fixed Internet connections on Safaricom comes as the telco increased its fibre network roll-out across the country by 34 percent over the past year.

Kenya ranked 3 globally on trade growth potential

SGR is one of the key infrastructure projects Kenya has implemented. FILE PHOTO | NMG 

In Summary

• Cote d’Ivoire comes on top followed by India on the list of the top 20 economies which is dominated by countries in Africa and Asia.
• The ranking took account of a range of variables grouped into three pillars — economic dynamism, readiness to trade and export diversity.
• Kenya benefited from improving business climate generally.

Deadline for phase out of Sh1,000 notes arrives

An image of the phased out Sh1,000 bank notes. PHOTO | FILE | NATION MEDIA GROUP 

In Summary

• Analysts say the success of the process will be measured after the country gets the real picture of the total money in circulation.
• Economist Tony Watima observes that there is not much evidence of curbing black money through demonetisation.

Forex reserves fall to four-month low

CBK governor Patrick Njoroge during a past briefing. FILE PHOTO | NMG 

In Summary

• The reserves stood at $8.985 billion or Sh931.7 billion, the lowest level since May 23 when they stood at $7.981 billion.
• The latest decline in reserves continues the trend seen in recent months.
• The fall started on July 18 when the figure stood at $9.747 billion after a rise in the preceding week, and have continued every week to date.

Safaricom fixed Internet up, cuts Zuku dominance

A cyber cafe in Nairobi. Safaricom has grown its fixed Internet market. FILE PHOTO | NMG 

In Summary

• Safaricom has grown its fixed Internet market by 11.5 percentage points from 21.2 percent; while Wananchi Group increased by 4.4 percentage points to 34.8 percent.
• In the 12 months to June, Safaricom gained an additional 59,720 fixed Internet connections while Wananchi Group had 34,194 new connections in the period under review.
• The sharp rise in fixed Internet connections on Safaricom comes as the telco increased its fibre network roll-out across the country by 34 percent over the past year.

KRA targets real estate firm directors in Sh20bn tax probe

KRA headquarters Times Tower in Nairobi. FILE PHOTO | NMG 

In Summary

• Among the firms on the KRA radar are Banda Homes, Greenspan, Superior Homes Kenya and Nexgen Office Suites, Muga Developers and Chigwell.
• Realtors have frequently blamed poor sales for the underperformance of the segment that has lately been flagged for increased loans defaults that has seen many half-done houses being

Pharmaceutical firms stop importing drugs

Kenya faces an acute shortage of drugs after pharmaceutical companies stopped importing medicine and medical equipment on September 30, 2019. PHOTO | FILE | NATION MEDIA GROUP 

In Summary

• The PVoC is a conformity assessment certificate which is issued to exporting countries before the products are brought into the country.
• A new set of inspection of goods shipped to the country, which requires importers to have a pre-shipment certificate of compliance, came into effect in September 2019.

PATA VICHWA VYA HABARI KUTOKA MAGAZETI YA LEO JUMANNE OKTOBA 01, 2019

NMB YABORESHA MFUMO WA ULIPAJI KWA KUTUMIA KADI

Waziri wa Habari, Utalii, Mambo ya Kale wa Zanzibar, Mheshimiwa Mahmoud Thabit Kombo akizungumza na Maofisa wa Benki ya NMB alipotembelea banda la benki hiyo kwenye Maonesho ya pili ya ‘Zanzibar Tourism Show’ Visiwani Zanzibar.

Maofisa wa Benki ya NMB wakifurahi pamoja na Waziri wa Habari, Utalii, Mambo ya Kale wa Zanzibar, Mheshimiwa Mahmoud Thabit Kombo baada ya kukabidhiwa cheti cha shukrani kwa udhamini wao.

Meneja wa Benki ya NMB Kanda ya Dar es Salaam, Badru Idd (mwenye miwani) akisalimiana na Makamu wa Pili wa Rais Zanzibar, Balozi Seif Ali Idd wakati wa uzinduzi rasmi wa Maonesho ya pili ya ‘Zanzibar Tourism Show’ Visiwania Zanzibar.

………………….

UONGOZI wa Benki ya NMB umesema kuwa unazidi kuboresha mifumo ya huduma zao za

WAZEE WAIOMBA SERIKALI KUWAPATIA PENSHENI JAMII

Katibu Mkuu Wizara ya Afya Idara Kuu Maendeleo ya Jamii  Dkt. John Jingu akifungua kongamano la wazee lililofanyika katika ukumbi wa Benki Kuu Mkoani Mtwara katika mfulululizo wa maadhimisho ya Kimataifa ya Wazee.

Kamishna wa Ustawi wa Jamii Nchini kutoka Wizara ya Afya Idara Kuu Maendeleo ya Jamii  Dkt. naftari Ngondi   akifafanua jambo wakati wa  kongamano la wazee lililofanyika katika ukumbi wa Benki Kuu Mkoani Mtwara.

Baadhi ya washiriki kongamano la wazee linaloendelea katika ukumbi wa Benki Kuu Mkoani Mtwara.

Mzee Seifu Nantapika Katibu Mtandao wa Wazee Mkoa wa Mtwara akitoa salamu kwa wazee washiriki kongamano la wazee lililofanyika katika ukumbi wa Benki Kuu Mkoani Mtwara.

Picha zote na Kitengo cha Mawasiliano Serikalini WAMJW

 …………………

Na Mwandishi Wetu Mtwara

Baraza la Wazee limeiomba Serikali ya Jamhuri ya Muungano wa Tanzania chini ya uongozi wa Rais Dkt. John Pombe Magufuli kuwasaidia wazee kwa kuwapatia ...