Connect with us

Business

KRA February tax reciept grow by 24.2 percent.

Published

on

The big issue

Kenya Revenues Authority tax receipt booked by the national Treasury grew for the first time since the pandemic in February. according to the new exchequer data covering the month of February published on Friday, tax revenues grew by 24.2 percent to ksh.121.3 billion in February 2019. The rise in revenue collection by the KRA is widely attributable to the continued resumption of economical activity following the initial shocks of the COVID 19 pandemic last year.

The taxman efforts have further found anchoring from the implementation of new taxes such as the digital services tax and the minimum tax at the start of the year. The tax collected to the end of February stands at ksh.906.2 billion or about 57.8 percent of the ksh1.567 trillion targets with four months to the end of the fiscal year. similarly, non-tax revenues representing penalties and other levels rose to Ksh 10.3 billion at the same stage last year.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Safaricom to launch the fifth generation(5G) internet servive in Nairobi and Western Kenya this friday.

Published

on

The leading telecommunication company this Friday will launch the fifth generation (5G) mobile internet service. Last year they completed their testing and are set to launch. Safaricom 5G launch is targeting major urban centers. This will offer commercial and superfast service in the region.

The 5G service will be available in Nairobi and Western region. This regions will have an increase in data traffic. The firm will be the first telecommunication company in East Africa to launch the 5G internet service.

Subscribers who want to use the 5G services are needed to get a new handset that will be compatible with the 5G services in order to enjoy faster internet. The 5G mobile internet service will be able to reduce network congestion making it easy download and upload speeds.

Continue Reading

Business

Green Park bus terminus to be completed this week.

Published

on

The big issue

The construction of the Nairobi Green park bus terminus are expected to be completed this week. The park will now be able to accommodate taxis, passenger service vehicles(PSV) and boda bodas . The construction that has taken about 5months now are almost over to be able to start its operations.

Director of Transport and Public works, Engineer Michael Ochieng said the terminus is know 95% done and that the remaining construstions will be completed this week. He added that they are doing their best to ensure that the terminus gets tested by the end of this week.

The terminus will only hold up to 300 matatus and buses from different routes have allocated bays to pick passengers from. Drivers will only have 30 minutes to pick passengers. In case a vehicle breaks down they will be a service station where by the broken vehicles will be serviced.According to Mr Ochieng other public amenities will also be available at the park including a supermarket, a health center and a police station for security purposes.

The park will accommodate matatus from south B, south C, Imara Daima, Mombasa road, Kitengela and Machakos.

Continue Reading

Business

Kenya power puts electricity bill defaulters on notice.

Published

on

The big issue

Utility firm Kenya Power has put electricity bill defaulters on notice as arrears from its post-paid customers mount. In a notice published in the local dailies on Thursday, the company said it will move to disconnect connections to customers with outstanding arrears as it seeks to collect outstanding revenews from electricity sales.

Customers who will not have paid their outstanding bills by the date when the bill is due will have their supply of electricity disconnected immediatley. The customer will thereafter be required to pay the requisite re-connection fees for their accounts to be reinstated: Kenya power said part the annual covering the year to june 2019, expected flows from outstanding electricity arrears stood at ksh.23.6 billion from ksh.22.2 billion in june 2018 indicating a steady rise in arrears.

Continue Reading

Trending

Copyright © 2021 The Big Issue |Another Valhalla Product