AKI urge MPs to discard the proposed motor circulation tax
Says imposition will notably increase the cost of motor insurance.
BIO: Victor Amadala is an award winning journalist business with more than 500 published business and human interest feature stories. He is currently a Business Writer for the Star Newspaper, third biggest paper in Kenya www.star.co.ke , handling governance, economics, market place, money matters, building and construction, agribusiness among other topics. He has previously contributed for many established print media in Kenya and abroad including the Business Daily, Standard Newspaper, Daily Nation, KBC, VG Norway, CFO South Africa, Ebano TV in Spain among others In 2014, he scooped the prestigious African Fact Checking Journalism Award in sponsored by the AFP Foundation https://africacheck.org/how-to-fact-check/the-african-fact-checking-awards/ A Thomson Reuters New Age Media fellow, Victor is extremely passionate about developmental journalism with a view of transforming social economic fabric in the continent and across borders. He holds a diploma in journalism from the Kenya Institute of Mass Communication.
Says imposition will notably increase the cost of motor insurance.
Some of the Finance Bill proposals, if passed in their current form, will make life even more oppressive for Kenyans
Taxes will consume at least 55 per cent of the total value of the vehicle
It disbursed Sh200 million everyday via Mco-op Cash.
Equity Group MD and CEO James Mwangi hailed the rapid growth in Uganda, Rwanda, Tanzania, DRC, and South Sudan.
It has proposed a 20 per cent excise duty on mobile and bank transactions in the Finance Bill, 2024.
It is expected to create over 5,000 new jobs created.
According to the firm, repayment rate for the amount is 77 per cent, meaning that at least 11.4 billion is in default.
The amount is enough to construct close to 3,000 standard classrooms or 460 dispensaries worth Sh5m each.
15 out of 100 loans at KCB Group target green initiatives - report
It reduced greenhouse gas emissions by 28%.