Sunday, May 25News That Matters

Business

Fuel, beer prices set to go up, againon September 27, 2021 at 7:42 am
Business

Fuel, beer prices set to go up, againon September 27, 2021 at 7:42 am

 Consumers in Kenya are facing yet another increase on at least 31 products. This comes with the adjustment of the excise duty rate by the Kenya Revenue Authority (KRA), a move that will force manufacturers and importers to pass costs to consumers. It will see fast-moving excisable goods such as fuel, beer, cigarettes, bottled water, energy drinks, and juice cost more from October 1, with consumers who are reeling from the effects of Covid-19, amid reduced spending power, forced to dig deeper into their pockets to access these products. In a notice issued on August 10, Kenya Revenue Authority (KRA) Commissioner General said the taxman would adjust the rate of excise duty using 4.97 per cent, as the average inflation rate covering the 2020/21 financial year. PRICE CHANGE As a result of the ...
Brendah Jons Apologizes to fans says sorry after revealing her lesbian loveron September 27, 2021 at 7:50 am
Business

Brendah Jons Apologizes to fans says sorry after revealing her lesbian loveron September 27, 2021 at 7:50 am

Content creator Brenda Jons has apologised to her fans and anyone she dragged into the revelation she is gay.  Jons, famed for her ‘Plesdent Kingston’ clip, trended over the weekend after coming out on social media. She went on a live video on Instagram to explain her orientation to fans on Saturday and within hours, she said she found out that her girlfriend had cheated on her. In a series of videos on her Instagram stories, the content creator highlighted that the news of cheating allegations had hit her hard. She went on to name the ‘other woman’ in her nine-month relationship as one of her friends who is a celebrity hairstylist. Brendah also unveiled @phy_lamar as her girlfriend, adding that they had already moved in together and that they are enjoying their relationship something she ...
Lewis Hamilton takes his 100th F1 win in Russiaon September 27, 2021 at 7:54 am
Business

Lewis Hamilton takes his 100th F1 win in Russiaon September 27, 2021 at 7:54 am

Lewis Hamilton became the first Formula, One driver, to win 100 races with a victory in Russia that sent him back on top of the championship. Red Bull’s Max Verstappen finished second, after starting in the last place, to limit the damage with Hamilton now two points clear. Spaniard Carlos Sainz was third for Ferrari. While seven times world champion Hamilton celebrated a personal century, his Mercedes team maintained their own 100 per cent record in Sochi. The champions have won every Russian grand Prix since the first in 2014. The post Lewis Hamilton takes his 100th F1 win in Russia appeared first on Daily Chronicles. Lewis Hamilton became the first Formula, One driver, to win 100 races with a victory in Russia that sent him back on top of the championship. Red Bull’s Max Verstappen fini...
Germany’s centre-left secures narrow win against outgoing Chancellor Markel.on September 27, 2021 at 8:03 am
Business

Germany’s centre-left secures narrow win against outgoing Chancellor Markel.on September 27, 2021 at 8:03 am

Germany’s centre-left Social Democrats (SPD) secured a narrow win over outgoing Chancellor Angela Merkel’s conservatives in national elections with party leader Olaf Scholz claiming a “clear mandate” to form the government for the first time since 2005. Preliminary results on Monday morning showed the SPD on track for 26.0 percent of the vote, ahead of 24.1 percent for Merkel’s CDU-CSU conservatives, the worst by the CDU in 70 years. Figures on the election commission’s website showed the Green party came third with 14.8 percent. An official announcement from the Federal Returning Officer is expected shortly. With neither main group commanding a majority, and both reluctant to repeat their awkward “grand coalition” of the past four years, the most likely outcome of the vote is a three-way ...
AKON’S WIFE TOMEKA JOINS ‘RHOA’ FOR NEW SEASONon September 27, 2021 at 8:08 am
Business

AKON’S WIFE TOMEKA JOINS ‘RHOA’ FOR NEW SEASONon September 27, 2021 at 8:08 am

Akon wife or at least one of them — will be filming for the upcoming season of “The Real Housewives of Atlanta” … but it’s still unclear how much face time she’ll get. Sources close to production tell TMZ … Tomeka Thiam‘s agreed to be part of season 14 of ‘RHOA’ and will film with the other Housewives beginning in November. According to our sources … no official decision’s been made on whether the singer’s wife will be a regular, a “friend of the show,” or just make a guest appearance. As we first told you … former ‘RHOA’ star Sheree Whitfield was also making a push to return to the show, but only if she regained full-time Housewife status. We’re told that’s still in the works … but Tomeka will definitely be in the mix, one way or another. Speaking of the mix, it should be noted that Akon’...
Fuel, beer prices set to go up, again
Business

Fuel, beer prices set to go up, again

 Consumers in Kenya are facing yet another increase on at least 31 products. This comes with the adjustment of the excise duty rate by the Kenya Revenue Authority (KRA), a move that will force manufacturers and importers to pass costs to consumers. It will see fast-moving excisable goods such as fuel, beer, cigarettes, bottled water, energy drinks, and juice cost more from October 1, with consumers who are reeling from the effects of Covid-19, amid reduced spending power, forced to dig deeper into their pockets to access these products. In a notice issued on August 10, Kenya Revenue Authority (KRA) Commissioner General said the taxman would adjust the rate of excise duty using 4.97 per cent, as the average inflation rate covering the 2020/21 financial year. PRICE CHANGE ...
NHIF to cut benefits in cost saving plan
Business

NHIF to cut benefits in cost saving plan

Renal dialysis, major surgeries and diagnostics tests such as MRI and CT-scans top the list of benefits that the National Hospital Insurance Fund (NHIF) aims to cut in a drive to reduce payouts. The State-backed insurer’s cost-cutting drive will reduce payouts to hospitals by at least Sh2.9 billion in the year to June 2022, forcing thousands of beneficiaries to top-up for their medical bills. The maximum cover for MRI scan will be reduced to Sh9,600 from the current Sh15,000 per session while settlement of CT-scans is set to be capped at Sh6,000 from Sh8,000. The average payout for renal dialysis will fall to Sh6,000 from the current Sh9,500 if the proposals are approved, hurting Kidney patients as the NHIF seeks to reduce bills for the weekly procedure by Sh1 billion annuall...
EABL to Ditch Expensive Kenya Power Electricity for Solar
Business

EABL to Ditch Expensive Kenya Power Electricity for Solar

The East Africa Breweries Limited has announced plans to ditch the expensive Kenya Power electricity for cheaper and more reliable solar energy to power its factories. Kenya Breweries Limited managing director John Musunga said the company plans to generate its power before 2030 in an ambitious proposal worth KSh 22 billion. "We are committed to sourcing 100% renewable electricity by 2030 in all of our facilities.The KSh22 billion investment also includes the production of biofuel," Business Daily quoted Musunga. The MD revealed the brewer had partly switched to using solar energy in its new Kisumu plant, where 10% of its electricity requirements was met by renewable energy. In the green energy plan, the foreign-owned company targets to generate at least 9.3 megawatts at its Ruara...
NHIF is broke and it may not meet it’s Obligations.
Business, Politics

NHIF is broke and it may not meet it’s Obligations.

The National Health Insurance Fund is broke and may not meet its obligations if the negative financial performance is not dealt with. A new report by Auditor General Nancy Gathungu shows the national health insurer has a funding gap of over Sh3.6 billion. The fund’s performance has dropped compared with the financial year 2017-18 when it earned an extra Sh295 million. “The fund’s performance is on a downward trend and if strategies are not in place to reverse the trend, the fund is likely to experience financial difficulties in future,” Gathungu warned. The deficit resulted in a reduction of the fund’s earnings from Sh23 billion it posted in the year ending June 2018 to Sh19 billion in the year ending June 30, 2019. NHIF’s performance has been a cause of concern for man...
Atwoli calls out President Uhuru Kenyatta over fuel price hike
Business, Politics

Atwoli calls out President Uhuru Kenyatta over fuel price hike

President Uhuru Kenyatta should explain why the government is hellbent on increasing the pain and suffering of Kenyan workers with increase in fuel prices, Cotu secretary general Francis Atwoli has said. In a statement on Thursday, Atwoli said the government should prepare for unrest from all quarters. “We would like Uhuru to comment and make a statement on this unfair perpetual increase in fuel prices. Unless their policies place Kenyan workers at the centre then they should prepare for unrest from all quarters,” he said. Atwoli said Cotu is opposed to the perpetual increase in fuel prices and would like to urge the government to be innovative with how it raises taxes. “At the same time, we would like to remind Uhuru that Kenyan workers are suffering and that he should no...