Business

Kenya Revenue Authority identifies wealthy Sh259bn tax evaders

The Kenya Revenue Authority (KRA) detectives have identified 1,309 firms and wealthy individuals that owe it Sh259 billion, setting the stage for travel bans, asset freeze and deactivation of Personal Identification Numbers (PINs). KRA Commissioner General Githii Mburu did not disclose the names but warned the agency is probing the tax evaders further to determine

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Turkey delivers 12 off-road vehicles to Somalia

Vehicles sent by National Defense Ministry as part of military and financial cooperation agreements Turkey has delivered 12 off-road vehicles to Somalia as part of bilateral military and financial cooperation agreements, the National Defense Ministry said on Monday. In a statement, it said the vehicles, which are meant for use over rough terrain, were supplied

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Turkey’s natural gas find hailed internationally

Palestine, Azerbaijan and Ukraine congratulated Turkey on Saturday for its discovery of major natural gas reserves in the Black Sea, Anadolu Agency reports. Palestine’s President Mahmoud Abbas congratulated Turkish President Recep Tayyip Erdogan in a phone call, Turkey’s Communications Directorate said in a statement. He hailed Turkey’s success as Palestine’s success, while Erdogan reiterated Ankara’s

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Turkey discovers large natural gas reserve off Black Sea

Turkey’s President Recep Tayyip Erdogan speaks with Turkish drilling ship, Fatih, in background, in Istanbul, Friday, Aug. 21, 2020. Erdogan has announced the discovery of a large natural gas reserves off the Black Sea coast, days after he promised “good news” that would usher in a “new era” for the energy dependent country.(Turkish Presidency via

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5 Essential Components For Successful Online Business

Photo: Credit Pixels We are going to discuss the critical components of online business that maximize the chances of success and growth. Online Business is the future, and we are fully aware of that. Many businesses are going online over time for better business opportunities and growth. But making an online business successful requires some

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British firm pays Sh650m to mine Lirhanda gold

Rosterman residents in Kakamega prospect for gold. The Lirhanda corridor gold is said to be of very high value. That residents of parts of western Kenya are literally sitting on billions of shillings in gold deposits became evident on Wednesday when a British company said it has acquired a firm that is prospecting for the

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The Kenya Shilling weakens to new low on dollar demand

The shilling has weakened to a record low of 108.50 units against the dollar, continuing its losing streak. The shilling has weakened to a record low of 108.50 units against the dollar, continuing its losing streak. Wednesday’s run marked the tenth straight day for the shilling to trade above 108 units since embarking on a

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Somalia renews the Albayrak company port agreement in Mogadishu.

Photo/Somali Times A five-day meeting between a delegation from the Federal Government and the Turkish company Albayrak, which operates the main port of Mogadishu, has finally reached an agreement. The Somali delegation included Acting Minister of Ports and Maritime Transport Maryan Aweys, Acting Minister of Finance Abdirahman Duale Bayle, advisers from the Prime Minister’s Office,

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Kenya reveals Sh540bn nuclear power plant in Tana River

A Nuclear Power plant. Kenya is set to build a $5 billion (Sh540 billion) nuclear power plant on a site in Tana River County Kenya is set to build a $5 billion (Sh540 billion) nuclear power plant on a site in Tana River County over the next seven years with funding from private investors. The

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Turkey: Residential property sales record high in July

Property sales see annual rise of 124% last month, according to official data Praising the performance of Turkey’s construction sector, the treasury and finance minister said Monday the country saw the highest housing sales figure in July with 229,357 units. Residential property sales in Turkey jumped 124.3% year-on-year in July, according to the country’s statistical

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