kenya Archives - Page 4 of 4 - Daily Chronicles

27Sep

By Nasra HusseinNo Comments

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 ...

Atwoli calls out President Uhuru Kenyatta over fuel price hike

16Sep

By Nasra HusseinNo Comments

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...

Kenya signs security, trade and transport agreements with the DRC

22Apr

By Nasra HusseinNo Comments

Business

Kenya signs security, trade and transport agreements with the DRC

Kenya has signed crucial agreements on transport, security and trade with the Democratic Republic of Congo, signalling a push to improve low figures of business between them. After a bilateral meeting between Presidents Kenyatta and his host Felix Tshisekedi, the two sides on Wednesday signed a new deal to handle cargo from the port of Mombasa that grants the DRC certain privileges for using Kenyan facilities. Kenya also offered to open diplomatic outposts in Goma and Lubumbashi in eastern DRC in what President Kenyatta said would ease consular services for traders. The Agreement on Maritime Freight Management, revised from earlier arrangements, will be the basic legal framework in handling all freight cargo coming through Mombasa destined for the DRC. President Kenyatta t...

Kenya-Somalia border row case starts despite protest.

16Mar

By Nasra HusseinNo Comments

Opinion

Kenya-Somalia border row case starts despite protest.

Hearing over the Kenya-Somalia sea border dispute at the International Court of Justice (ICJ) begun on Monday despite Kenya's absence. The case started with oral arguments by the Somalia government's legal team. The ICJ has said it "regrets the decision of Kenya not to participate", but ruled to continue the hearing without the country's involvement. Somalia said Kenya's decision not to participate in the ICJ proceedings was "inconsistent with its obligations.. and rule of law." Somalia brought the case in 2014, saying the maritime frontier should follow on in the same direction as the land border, while Kenya argues that it has always been taken in a horizontal line from the point where the two countries meet at the coast.