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Promote private investment for growth, EAC heads urged

Promote private investment for growth, EAC heads urged

2018-02-23 07:40:15, the-star.co.ke

President Uhuru Kenyatta yesterday urged EAC leaders to work closely to ensure bureaucratic red tape does not impede development targets. He said government should facilitate the private sector instead of curtailing it. “I have a problem with some bureaucrats who frustrate investors by taking more time approving projects,” the President said. He spoke in Entebbe, Uganda, at the opening of the Joint Retreat of the East Africa Community Heads of State

 

Enterprises

Africa accounts for more women entrepreneurs – report

Africa accounts for more women entrepreneurs – report

2018-02-11 09:05:42, the-star.co.ke

Africa is home to more women entrepreneurs than any other region in the world, a Global Entrepreneurship Monitoring report has revealed.According to the report, the continent accounted for 18 per cent of the global women entrepreneurs in 2016/17. The report said Latin America and the Caribbean had the second highest number at 17 per cent of all the women entrepreneurs in the world aged between 18-64

 

Taxes

Suppliers get relief in new tax guidelines

Suppliers get relief in new tax guidelines

2018-01-20 13:05:47, standardmedia.co.ke

Kenya Revenue Authority has finally published guidelines that will allow suppliers to enjoy exemptions from withholding value added tax (WHVAT). The proposal to implement the exemption was made by Treasury in the Finance Act 2017. KRA says suppliers who can prove that withholding of their VAT by the businesses they supply to keeps them in a continuous credit position for a period of not less than 24 months can now apply to be exempt from the tax

 

Trade

Trade Remedies Act  to help Kenya cut unfair competition

Trade Remedies Act  to help Kenya cut unfair competition

2018-01-19 15:12:15, kbc.co.ke

The Trade Remedies Act 2017 is poised to contribute to Kenya’s industrialization agenda by among others saving local industries from collapse as a result of unfair competition from imports. According to Trade Principal Secretary Chris Kiptoo, Kenya’s Trade Remedies Agency needs to be established in accordance with section 3 of the Act to receive complains, undertake investigations and apply trade remedies in accordance with the World Trade Organization regulations

 

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