In case you missed it: Here's your weekly business roundup.
State eyes tax breaks for air tickets, aircraft parts
- Potential Boost to Aviation Sector: Implementing tax exemptions on airfares and aircraft parts could reduce operational costs for airlines, potentially leading to lower ticket prices and increased air travel.
- Economic Implications: While these tax breaks aim to stimulate the aviation industry, they may result in reduced tax revenues for the government, necessitating careful evaluation of the trade-offs involved.
Drop in fuel use denies Treasury Sh5.63bn in levies
- Significant Revenue Shortfall: A decline in fuel usage has led to a loss of KSh 5.63 billion in levies for the Treasury, underscoring the government's reliance on fuel taxes for revenue.
- Economic Implications: The decrease in fuel consumption may reflect broader economic challenges, such as reduced industrial activity or shifts towards alternative energy sources, affecting fiscal planning and budget allocations.
CBK legal compliance headache as four directors exit
- Simultaneous Board Member Departures: The terms of four independent directors—Nelius Kariuki, Ravi Ruparel, Samson Cherutich, and Rachel Dzombo—are set to expire on December 6, 2025. Their concurrent departure complicates adherence to the CBK Act's requirement for staggered board appointments to ensure continuity.
- Legal Compliance Challenges: The CBK Act mandates that board members' terms expire at different times to facilitate smooth transitions. The simultaneous exit of these directors poses a compliance issue, highlighting the need for strategic planning in board appointments to align with legal requirements.
Boomplay CEO Martha Huro’s love of stickers and mushroom hack
Martha Huro, Managing Director of Boomplay East Africa, shared her perspective on leadership: "The discipline and sacrifices, there is a reason they say it is lonely at the top."
Raising daughters, leading courts, and writing history: Judge Lee Muthoga's story
"Growing up in a refugee camp taught me that adversity is not a barrier to success, but a motivation to strive even harder." – Dr. Canisius Kanangire — Read the full interview here
领英推è
Equity Group boss on reviving performance in Kenya and winning talent war
"We told ourselves that if we could not control anything else because of macroeconomics, there is one thing that was within our control as staff. The staff increased their productivity significantly and that has brought out efficiency." — Read more
Lifestyle…
Alice Kivuva: How cycling toned my body
Alice Kivuva, a 40-year-old mother of twins and avid cyclist, shared her experience:
“Every time I get on my bike, I feel energized, I feel alive and free."
Artists explores power to evolve
Sudanese artist Ahmed Abushariaa Mohamed, known for his dynamic works reflecting his life journey, shared his artistic evolution:
"I used to design book covers and illustrations before committing to art full-time."
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