Business
Capital Business: Dolce & Gabbana duo to jailed for tax dodge 20 Jun 2013 - Designers Stefano Gabbana (L) and Domenico Dolce/AFP
ROME, Jun 19 – An Italian court Wednesday sentenced fashion house duo Dolce & Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media...
Standard Business: World Bank pours Sh13 billion into water projects 19 Jun 2013 - The World Bank's board of executive directors yesterday approved Sh13.1 billion ($155 million) in credit to support development of the country's water infrastructure.
Standard Business: Real estate booms in East Africa 19 Jun 2013 - East Africa has one of the few markets in the world with a vibrant real estate sector that offers good opportunities for investment.
Standard Business: Kenya grapples with infrastructure deficit 19 Jun 2013 - Treasury warns lack of sufficient funds for sector has made the country uncompetitive
Standard Business: Reprieve as Treasury scraps VAT on food 19 Jun 2013 - State rethinks proposal to increase the price of basic items by 16 per cent to shield the poor
Nation Business: Forex Market Indicative Rates for Major Currencies (Opening of Markets) on June 19, 2013 19 Jun 2013 - Currency Buy Sell Mean
US DOLLAR 85.6278 85.8194 85.7236
STG POUND 133.9719 134.2665 134.1190
EURO 114.6028 114.8783 114.7410
SA RAND 8.5594 8.5837 8.5716
Nation Business: Airtel strikes deal with Total 19 Jun 2013 - Airtel Kenya has announced a partnership with oil marketer, Total, allowing customers to pay for fuel though Airtel Money
Nation Business: World Bank gives Sh13bn to boost water supply 19 Jun 2013 - The water sector has received a major boost with the injection of Sh13 billion to set up infrastructure
Business Daily: Don’t use tax measures to rip off Ugandans 19 Jun 2013 - A lot has been said about last week’s Uganda budget especially the proposed new tax measures.
Business Daily: Kenya must rethink proposal to tax basic goods 19 Jun 2013 - Kenyans must reject the proposal to reintroduce Value Added Tax (VAT) on basic consumer goods, as it would have dire repercussions particularly on the poor youth.
Business Daily: Bank’s M-Kodi app spares landlords, tenants the hassle 19 Jun 2013 - Paul Kinuthia Njenga had for many years endured the hassle of knocking on his tenants’ doors to collect rent, chase after defaulters and reconcile his books of accounts.
Business Daily: Telcos now target commuters with Internet access 19 Jun 2013 - Getting airtime play on television and radio stations has always been a big challenge for budding local musicians.
Business Daily: State ought to rethink its laptops-for-pupils model 19 Jun 2013 - The number has been dropped — Sh130 billion allocated in the 2013/14 budget to the Ministry of Education to cater for, among others, the ambitious laptops-for-schools.
Business Daily: Failure to reward employees holds back in-house systems 19 Jun 2013 - Failure to reward employees who come up with innovative systems is holding back the development of in-house IT solutions, an industry expert has said.
Business Daily: Reforms at Mombasa port are long overdue 19 Jun 2013 - The directive by President Kenyatta that all operations relating to the port of Mombasa must go to the port itself has come as a relief to many a user of the facility.
Business Daily: Governors must style up 19 Jun 2013 - Something is not right at the county governments. Of course we expected the initial teething problems as the transition progresses, but the apparent emergence of governors as tin-gods is worrying.
Business Daily: Retirement cash trustees face vetting 19 Jun 2013 - Trustees of retirement funds are set to face fresh vetting by the industry regulator in line with new laws aimed at monitoring money laundering and the financing of terrorism.
Business Daily: Investor wealth in steep drop as NSE bull run halts 19 Jun 2013 - Investor wealth at the NSE has retreated by Sh100 billion in the past two weeks as concerns over the government’s taxation and spending plans halted the recent bullish run.
Business Daily: Insurance costs to fall as life span rises to 57 years 19 Jun 2013 - The cost of life insurance covers is set to drop beginning next year with the adoption of new mortality tables, which show that Kenya’s life expectancy has increased by 5.06 years.
Nation Business: New Bill to get rid of local authorities kitty 19 Jun 2013 - Kenyans will see the last of the Local Authorities Transfer Fund (LATF) when the draft Financial Bill 2013 is tabled in parliament
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