• Unconditional basic income made the economy in Kenya’s villages boom

    A charity implemented a massive economic stimulus package for rural Kenya: 10,500 households received $1,000 each. A study examined the effects. The result: the entire population benefited from the package and every dollar invested boosted the economy by 2.6 dollars. We can learn a lot from this. Economists founded the organisation "GiveDirectly“ eleven years ago. They wanted to help the population in particularly poor regions of Africa and at the same time examine the economic effects of their …

  • Applying For NSSF (National Social Security Fund)

    Introduction The National Social Security Fund is a Kenyan government agency responsible for the collection, safekeeping, responsible investment and distribution of retirement funds of employees in both the formal and informal sectors of the Kenyan Economy. Participation for both employers and employees is compulsory. The fund is both a penison fund and a provident fund. How To Apply For NSSF Online Application Visit the NSSF official web page- https://selfservice.nssf.or.ke/ Click on the NSSF…

  • Registering For Beneficial Ownership

    Understanding Beneficial Ownership? Section 93A of the Companies Act introduced mandatory beneficial ownership registers for private companies. The Companies (Beneficial Ownership Information) Regulations of 2020 were promulgated to bring this provision into effect. A beneficial owner (‘BO) is a person who owns or controls an entity. Only a natural person can be a BO. Under Regulation 3(2), a BO is one who meets either of the following requirements: 1. Shareholding: holds at least 10% of the c…

  • Commissioner General's Inflationary Excise Duty Adjustment

    Preamble The Commissioner General (CG) of the Kenya Revenue Authority (KRA) has published Legal Notice No. 194 prescribing new specific rates of excise duty for various excisable products. The publication of the Legal Notice by the CG is in accordance with the provision of Section 10 of the Excise Duty Act, 2015 which gives the CG powers to adjust the specific rates of excise duty taking into account inflation. The CG has adjusted upwards the excise duty rates of certain specific products to ta…