KRA - Notices
Kenya Revenue Authority has introduced an online facility for Personal Identification Number (PIN) and Tax ... www.kra.go.ke/notices/pin-checker.html and. http://www.kra.go ...
www.kra.go.ke/notices/pin-tcc-notice.html
Thursday, June 30, 2011
The KRA Tax Compliant Certificate Checker
It is now simple to check the authenticity of the KRA PIN certificate presented to you. Get online and the rest will be a breeze.
Kenya Revenue Authority developed a tax compliance certificate TCC checker in February 2011.
The TCC checker hosted on the KRA website can be used by persons seeking to authenticate and validate Tax compliance certificates.
All entities that require presentation of TCCs by persons doing business with them should use the TCC checker to counter check the authenticity and validity of the certificates
The TCC Checker is accessible at: www.kra.go.ke/notices/tcc-checker.html
Kenya Revenue Authority developed a tax compliance certificate TCC checker in February 2011.
The TCC checker hosted on the KRA website can be used by persons seeking to authenticate and validate Tax compliance certificates.
All entities that require presentation of TCCs by persons doing business with them should use the TCC checker to counter check the authenticity and validity of the certificates
The TCC Checker is accessible at: www.kra.go.ke/notices/tcc-checker.html
World Summit Youth Awards Accepting Submissions!
If you are a bloger and think you are doing something that helps further the millennium Development Goal then this is your time to give your course the leap it so deservedly requires.let your efforts be propelled to the next level.
The World Summit Youth Awards is inviting young designers, writers, journalists, and social entrepreneurs to showcase their e-content and technological ingenuity. This annual award provides a network for young people using the internet, mobile phones or other digital media to put the United Nations Millennium Development Goals (MDGs) into action. Whether you are using websites to fight diseases, digital imaging to battle hunger, or social media to help protect the environment, you can help share your knowledge and ideas to empower young people. Spread the word and together we can connect youth to build stronger local, national and global communities. The deadline for registration is July 15th, 2011. We are looking forward to your submissions!
http://www.youthaward.org/
The World Summit Youth Awards is inviting young designers, writers, journalists, and social entrepreneurs to showcase their e-content and technological ingenuity. This annual award provides a network for young people using the internet, mobile phones or other digital media to put the United Nations Millennium Development Goals (MDGs) into action. Whether you are using websites to fight diseases, digital imaging to battle hunger, or social media to help protect the environment, you can help share your knowledge and ideas to empower young people. Spread the word and together we can connect youth to build stronger local, national and global communities. The deadline for registration is July 15th, 2011. We are looking forward to your submissions!
http://www.youthaward.org/
Wednesday, June 29, 2011
Our own “Orly” Airport -Wilson has a competitor
Many will have followed with keen interest over past eight years the development of a Recreational Airfield at Olooloitikosh - or “Orly” - as it is affectionately dubbed. The facility, in which the Aero Club is a shareholder, has grown in leaps and bounds. Fifteen hangars, seven houses, an airport lounge and a runway have been completed on 240 acres of land, and much more is planned. The airport is being used by sport aviation enthusiasts, skydivers, microlights and gyrocopters, as well as for flight training. A second runway is under construction and will be commissioned soon.
(The name "Orly" come after the Orly airport in Paris, France)
(The name "Orly" come after the Orly airport in Paris, France)
Turn Your Blog into a Book
Next time someone asks "How can I print my blog?" send them to Blog2Print. With a couple of clicks, you choose a cover, the posts you'd like to include, and you're on your way to creating your own Blog Book!
You pick
Cover
Images
Number and Order of Posts
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http://blogspot.sharedbook.com/blog2print/googleblogger/index.html
You pick
Cover
Images
Number and Order of Posts
Comments
Always Free Shipping!
http://blogspot.sharedbook.com/blog2print/googleblogger/index.html
Small Investors, Isiolo is Yours to Take Now-Before The Big Boys Run a Riot
Opportunity strikes only when your eyes and ears are sharp. Its time to venture out and Isiolo is beckoning.
Investors flock to Isiolo as Vision upgrade looms
Investors are taking positions to gain from the projects planned for Isiolo town under the Vision 2030 development blueprint, with the rehabilitation of the airstrip attracting developers for residential and leisure facilities.
Vision 2030 board member Peter Gakunu said ample land in Isiolo and Nyambene towns had attracted proposals for establishment of resort centres by private developers.
“As the rehabilitation of the Airport progresses, investors are angling themselves to erect houses and hotels as well as other recreation facilities,” he said.
So intense is the land speculation in the area that within two years a quarter piece of land has jumped from Sh15, 000 to Sh150, 000.
The opening up of the area, which is earmarked to be a resort city in the Las Vegas mould under the Vision 2030, will enhance other sectors such as agriculture, banking, housing and art work. The resort centre will be complete with casinos, international filming facilities and all the trappings of lavish living money can buy. The upgrading work on the airstrip involves expansion of the runway, building of taxiways, aprons, passenger terminus and cargo terminus.
Other amenities include parking areas, a fire station, meteorological centre, hangar, control tower and staff quarters. The airport is expected to be fully operational by March next year. It is being built by Kundan Singh Construction at a cost of Sh610 million.
Vision 2030 has identified Isiolo as a gateway to realising economic fortunes for the arid northern Kenya.
Isiolo is part of the northern tourism circuit and is centrally placed between some major parks, which include Meru National Park, Samburu National Reserve, Shaba Game Reserve, Kora National Park, Mwingi National Reserve and the Bisanadi National reserve.
To the north of Isiolo are the Marsabit National Reserve and Sibiloi National Park.
Currently, the town has very few tourism facilities which include the Sarova Shaba located in the Shaba Game Reserve and Buffalo Springs lodges located in the Samburu National Reserve.
Building of the 501km Isiolo-Moyale highway, which links Kenya to Ethiopia is currently ongoing with 136km from Isiolo to Merelle so far complete. Also in the radar is building of a railway line, pipeline and highway linking Kenya and Juba in Southern Sudan.
Once complete, the airport is expected to link Isiolo town to Mombasa, Nairobi and Kisumu. It is also expected to decongest Wilson airport by moving the miraa (Khat) trade aircraft to Isiolo.
The 1.4 kilometre runway will handle heavy commercial aircraft with a load weight of up to 66 tonnes.
The government is yet to compensate 400 families that were displaced by the Airstrip rehabilitation project despite making a promise of Sh200 million to them.
Some of the land has fallen prey to speculators, who have subdivided it and sold to unsuspecting investors.
Adopted from http://www.businessdailyafrica.com/-/539552/1190886/-/65v57dz/-/index.html
Investors flock to Isiolo as Vision upgrade looms
Investors are taking positions to gain from the projects planned for Isiolo town under the Vision 2030 development blueprint, with the rehabilitation of the airstrip attracting developers for residential and leisure facilities.
Vision 2030 board member Peter Gakunu said ample land in Isiolo and Nyambene towns had attracted proposals for establishment of resort centres by private developers.
“As the rehabilitation of the Airport progresses, investors are angling themselves to erect houses and hotels as well as other recreation facilities,” he said.
So intense is the land speculation in the area that within two years a quarter piece of land has jumped from Sh15, 000 to Sh150, 000.
The opening up of the area, which is earmarked to be a resort city in the Las Vegas mould under the Vision 2030, will enhance other sectors such as agriculture, banking, housing and art work. The resort centre will be complete with casinos, international filming facilities and all the trappings of lavish living money can buy. The upgrading work on the airstrip involves expansion of the runway, building of taxiways, aprons, passenger terminus and cargo terminus.
Other amenities include parking areas, a fire station, meteorological centre, hangar, control tower and staff quarters. The airport is expected to be fully operational by March next year. It is being built by Kundan Singh Construction at a cost of Sh610 million.
Vision 2030 has identified Isiolo as a gateway to realising economic fortunes for the arid northern Kenya.
Isiolo is part of the northern tourism circuit and is centrally placed between some major parks, which include Meru National Park, Samburu National Reserve, Shaba Game Reserve, Kora National Park, Mwingi National Reserve and the Bisanadi National reserve.
To the north of Isiolo are the Marsabit National Reserve and Sibiloi National Park.
Currently, the town has very few tourism facilities which include the Sarova Shaba located in the Shaba Game Reserve and Buffalo Springs lodges located in the Samburu National Reserve.
Building of the 501km Isiolo-Moyale highway, which links Kenya to Ethiopia is currently ongoing with 136km from Isiolo to Merelle so far complete. Also in the radar is building of a railway line, pipeline and highway linking Kenya and Juba in Southern Sudan.
Once complete, the airport is expected to link Isiolo town to Mombasa, Nairobi and Kisumu. It is also expected to decongest Wilson airport by moving the miraa (Khat) trade aircraft to Isiolo.
The 1.4 kilometre runway will handle heavy commercial aircraft with a load weight of up to 66 tonnes.
The government is yet to compensate 400 families that were displaced by the Airstrip rehabilitation project despite making a promise of Sh200 million to them.
Some of the land has fallen prey to speculators, who have subdivided it and sold to unsuspecting investors.
Adopted from http://www.businessdailyafrica.com/-/539552/1190886/-/65v57dz/-/index.html
Thursday, June 23, 2011
Africa’s Investment Attractiveness Index
See how your county is fairing in the regions when it comes to investment prospects. Many odds against Kenya amidst the good words
Ernst & Young's 2011 Africa attractiveness survey identified 17 African countries that will offer attractive Foreign Direct Investment (FDI) opportunities in the next five years.
East Africa
Ethiopia: Research from The Economist shows that Ethiopia was among the 10 fastest growing economies in the world over the past decade. Its gold mines, and the potential to exploit recently found natural gas reserves (currently 25bn cubic meters) will attract significant amounts of investment over the next few years. But poor levels of human capital, a small domestic market, underdeveloped infrastructure and high levels of bureaucracy are all barriers to investment outside of natural resources.
Rwanda: Relative to its African counterparts, Rwanda’s resource endowment is poor; the country has no significant natural resource, and its labour force is small and poorly educated. But offsetting these negatives is Rwanda’s institutional environment. The government has actively tackled corruption in recent years, and the business environment is extremely friendly. Significant investment has been made to improve infrastructure.
Democratic Republic of Congo: The DRC’s oil and mineral reserves are among the riches in Africa, and the sheer potential will continue to attract foreign investment, particularly as demand in the developed and emerging markets rises and capacity constraints are met by other producers. But poor human capital, a small domestic market, primitive infrastructure and an unfriendly business environment will all work against any attempt to attract capital to non-resource sectors of the economy. Above all, the precarious political situation, with the possibility of renewed conflict in the eastern provinces, may limit the attraction of the country to foreign investors.
Kenya: Kenya probably has the most highly developed economy in East Africa. It has a relatively well-educated and rapidly growing labour force, and is most often used as a hub by multinationals looking to develop East African markets. However, its relative lack of natural resources may make it increasingly hard for it to compete with its neighbours, and it’s still small domestic market, immature infrastructure and high levels of bureaucracy are barriers to investment that need to be addressed.
Tanzania: Driven by the rising price of gold that has increased 75% over the last three years, Tanzania’s gold reserves will continue to attract investor interest over the medium term. The country’s relatively well-educated labour force, coupled with political stability and the government’s sound macroeconomic management of the economy, will add to Tanzania’s attractiveness. But the relatively small domestic market, poor infrastructure network and high levels of bureaucracy are a barrier to further investment in the non-mineral sector of the economy.
Uganda: Uganda’s vast mineral resources and a recent discovery of oil will attract significant amounts of investment over the medium term. The country’s relatively well-educated labour force, low levels of bureaucracy and diversified economy will attract funds into the labour-intensive service sector too (e.g., communications and financial services). Offsetting these positive factors are the infrastructure network and the country’s small domestic market. In addition, following the recent disputed presidential election, political risk factors need to be taken into account.
Southern Africa
South Africa: South Africa’s substantial natural resource endowment will continue to attract investors, and its comparatively well-educated labour force will draw funds into the non-resource sectors of its diverse economy. Coupled with this, the domestic market is among the largest in Africa, the population is the richest on average (although extreme income inequality means that many people remain in poverty) and the institutional environment is relatively conducive to business. Despite these overwhelming positives, inflows to South Africa are not expected to be large relative to GDP (around 2% to 2.5%). The economy’s wealth means it can afford to fund much of its own investment, and the country is expected to be a significant source of funds for other African nations over the forecast period.
Angola: Angola’s attractiveness for FDI will remain moderate but is expected to improve between 2011 and 2015. Angola’s oil and mineral reserves will continue to be the main attraction for investors over the next five years. Enriched by the oil wealth, the country’s growing middle class will also be attractive to investors looking for new markets. But current levels of income inequality, skills shortages, underdeveloped infrastructure, and bureaucracy are all hindering efforts to attract foreign investment. As a result most FDI in Angola is likely to be focused on the natural resource sectors for the foreseeable future. Although Angola will receive a significant amount of FDI over the next five years, its expected concentration in the oil sector will limit the job creation prospects.
Mauritius: Mauritius has a well-developed infrastructure network, a highly educated workforce, a comparatively high level of income and low levels of bureaucracy, all of which are attractive to investors. Slightly offsetting these positives are labour market rigidities; in particular, the centralised wage-setting mechanism and high levels of inequality. Despite Mauritius’ positive attributes, it is expected to receive only modest amounts of FDI over the next five years. Better opportunities elsewhere, in particular in countries with large natural resource endowments or larger populations, will attract investors. Despite the modest amount of FDI, the economy’s focus on the service sector means a relatively large number of jobs will be created as a result.
Mozambique: Mozambique’s key attraction for investors is the recently established natural gas reserves, which already stand at over 127bn cubic meters. Coupled with this, significant improvements are being made to the education system and the country’s infrastructure. According to research by The Economist, Mozambique was one of the 10 fastest-growing economies in the world over the past decade, and this growth is likely to be sustained for the foreseeable future. However, the country’s relatively poor population and high levels of bureaucracy (although this too is improving) mean Mozambique will probably remain only moderately attractive to investors over the medium term.
Zambia: Zambia’s copper mines will continue to attract investors over the forecast period, with global demand expected to keep prices high for the foreseeable future. Outside of the minerals sector, prospects for FDI are less good. Zambia’s reliance on copper (which makes it vulnerable to price movements), coupled with its small domestic market, will limit the flow of capital into the rest of the economy. But the country’s business-friendly environment, sound macroeconomic management and investment in the infrastructure network should attract multinational companies into other parts of the economy.
West Africa
Nigeria: Nigeria’s oil reserves (which stood at over 36b barrels in 2007) will continue to attract funds over the medium term, and we expect a large proportion of FDI to be concentrated here. However, the large domestic market and diversified economy mean other sectors such as communications, real estate and tourism will also attract attention. Holding Nigeria back are its relative shortage of key skills, poor infrastructure and high level of bureaucracy. Ongoing perceptions of high political risk should begin to diminish after the elections.
Ghana: Ghana has a sizable resource endowment, including substantial mineral, gas and oil reserves. We expect continued investment in the oil and gas industries, contributing to the majority of FDI flows. Increasing oil revenues should indirectly boost other sectors. This is particularly true of infrastructure, although, if managed correctly, it could help fund improvements in industries such as health care and education. Ghana benefits from a stable political environment, with democracy well established and adhered to. However, Ghana needs to continue to invest in infrastructure, human capital and health care to attract more diversified FDI projects.
Senegal: Senegal has a sizable resource endowment, and its mineral resources make it an attractive location in which to invest. We expect continued investment in mineral extraction, contributing to the majority of FDI flows. Senegal also benefits from a stable political environment, with democracy well established and adhered to. A range of economic reforms have fostered a stable macroeconomic environment. However, improvements need to be made regarding human development, the business environment and infrastructure, for FDI to grow substantially.
North Africa
Egypt: Egypt oil production is expected to fall as reserves mature and run dry, but the fossil fuel sector is still expected to attract investors over the next five years. Bigger attractions for investors are Egypt’s large, relatively well-educated population, sizeable domestic market and proximity to Europe. Slightly offsetting these positives are the high levels of bureaucracy and corruption, but recent government reforms in these areas should improve the institutional environment. Assuming that the political situation is resolved and reforms are continued, Egypt will remain an attractive destination for investors in the next five years.
Ernst & Young's 2011 Africa attractiveness survey identified 17 African countries that will offer attractive Foreign Direct Investment (FDI) opportunities in the next five years.
East Africa
Ethiopia: Research from The Economist shows that Ethiopia was among the 10 fastest growing economies in the world over the past decade. Its gold mines, and the potential to exploit recently found natural gas reserves (currently 25bn cubic meters) will attract significant amounts of investment over the next few years. But poor levels of human capital, a small domestic market, underdeveloped infrastructure and high levels of bureaucracy are all barriers to investment outside of natural resources.
Rwanda: Relative to its African counterparts, Rwanda’s resource endowment is poor; the country has no significant natural resource, and its labour force is small and poorly educated. But offsetting these negatives is Rwanda’s institutional environment. The government has actively tackled corruption in recent years, and the business environment is extremely friendly. Significant investment has been made to improve infrastructure.
Democratic Republic of Congo: The DRC’s oil and mineral reserves are among the riches in Africa, and the sheer potential will continue to attract foreign investment, particularly as demand in the developed and emerging markets rises and capacity constraints are met by other producers. But poor human capital, a small domestic market, primitive infrastructure and an unfriendly business environment will all work against any attempt to attract capital to non-resource sectors of the economy. Above all, the precarious political situation, with the possibility of renewed conflict in the eastern provinces, may limit the attraction of the country to foreign investors.
Kenya: Kenya probably has the most highly developed economy in East Africa. It has a relatively well-educated and rapidly growing labour force, and is most often used as a hub by multinationals looking to develop East African markets. However, its relative lack of natural resources may make it increasingly hard for it to compete with its neighbours, and it’s still small domestic market, immature infrastructure and high levels of bureaucracy are barriers to investment that need to be addressed.
Tanzania: Driven by the rising price of gold that has increased 75% over the last three years, Tanzania’s gold reserves will continue to attract investor interest over the medium term. The country’s relatively well-educated labour force, coupled with political stability and the government’s sound macroeconomic management of the economy, will add to Tanzania’s attractiveness. But the relatively small domestic market, poor infrastructure network and high levels of bureaucracy are a barrier to further investment in the non-mineral sector of the economy.
Uganda: Uganda’s vast mineral resources and a recent discovery of oil will attract significant amounts of investment over the medium term. The country’s relatively well-educated labour force, low levels of bureaucracy and diversified economy will attract funds into the labour-intensive service sector too (e.g., communications and financial services). Offsetting these positive factors are the infrastructure network and the country’s small domestic market. In addition, following the recent disputed presidential election, political risk factors need to be taken into account.
Southern Africa
South Africa: South Africa’s substantial natural resource endowment will continue to attract investors, and its comparatively well-educated labour force will draw funds into the non-resource sectors of its diverse economy. Coupled with this, the domestic market is among the largest in Africa, the population is the richest on average (although extreme income inequality means that many people remain in poverty) and the institutional environment is relatively conducive to business. Despite these overwhelming positives, inflows to South Africa are not expected to be large relative to GDP (around 2% to 2.5%). The economy’s wealth means it can afford to fund much of its own investment, and the country is expected to be a significant source of funds for other African nations over the forecast period.
Angola: Angola’s attractiveness for FDI will remain moderate but is expected to improve between 2011 and 2015. Angola’s oil and mineral reserves will continue to be the main attraction for investors over the next five years. Enriched by the oil wealth, the country’s growing middle class will also be attractive to investors looking for new markets. But current levels of income inequality, skills shortages, underdeveloped infrastructure, and bureaucracy are all hindering efforts to attract foreign investment. As a result most FDI in Angola is likely to be focused on the natural resource sectors for the foreseeable future. Although Angola will receive a significant amount of FDI over the next five years, its expected concentration in the oil sector will limit the job creation prospects.
Mauritius: Mauritius has a well-developed infrastructure network, a highly educated workforce, a comparatively high level of income and low levels of bureaucracy, all of which are attractive to investors. Slightly offsetting these positives are labour market rigidities; in particular, the centralised wage-setting mechanism and high levels of inequality. Despite Mauritius’ positive attributes, it is expected to receive only modest amounts of FDI over the next five years. Better opportunities elsewhere, in particular in countries with large natural resource endowments or larger populations, will attract investors. Despite the modest amount of FDI, the economy’s focus on the service sector means a relatively large number of jobs will be created as a result.
Mozambique: Mozambique’s key attraction for investors is the recently established natural gas reserves, which already stand at over 127bn cubic meters. Coupled with this, significant improvements are being made to the education system and the country’s infrastructure. According to research by The Economist, Mozambique was one of the 10 fastest-growing economies in the world over the past decade, and this growth is likely to be sustained for the foreseeable future. However, the country’s relatively poor population and high levels of bureaucracy (although this too is improving) mean Mozambique will probably remain only moderately attractive to investors over the medium term.
Zambia: Zambia’s copper mines will continue to attract investors over the forecast period, with global demand expected to keep prices high for the foreseeable future. Outside of the minerals sector, prospects for FDI are less good. Zambia’s reliance on copper (which makes it vulnerable to price movements), coupled with its small domestic market, will limit the flow of capital into the rest of the economy. But the country’s business-friendly environment, sound macroeconomic management and investment in the infrastructure network should attract multinational companies into other parts of the economy.
West Africa
Nigeria: Nigeria’s oil reserves (which stood at over 36b barrels in 2007) will continue to attract funds over the medium term, and we expect a large proportion of FDI to be concentrated here. However, the large domestic market and diversified economy mean other sectors such as communications, real estate and tourism will also attract attention. Holding Nigeria back are its relative shortage of key skills, poor infrastructure and high level of bureaucracy. Ongoing perceptions of high political risk should begin to diminish after the elections.
Ghana: Ghana has a sizable resource endowment, including substantial mineral, gas and oil reserves. We expect continued investment in the oil and gas industries, contributing to the majority of FDI flows. Increasing oil revenues should indirectly boost other sectors. This is particularly true of infrastructure, although, if managed correctly, it could help fund improvements in industries such as health care and education. Ghana benefits from a stable political environment, with democracy well established and adhered to. However, Ghana needs to continue to invest in infrastructure, human capital and health care to attract more diversified FDI projects.
Senegal: Senegal has a sizable resource endowment, and its mineral resources make it an attractive location in which to invest. We expect continued investment in mineral extraction, contributing to the majority of FDI flows. Senegal also benefits from a stable political environment, with democracy well established and adhered to. A range of economic reforms have fostered a stable macroeconomic environment. However, improvements need to be made regarding human development, the business environment and infrastructure, for FDI to grow substantially.
North Africa
Egypt: Egypt oil production is expected to fall as reserves mature and run dry, but the fossil fuel sector is still expected to attract investors over the next five years. Bigger attractions for investors are Egypt’s large, relatively well-educated population, sizeable domestic market and proximity to Europe. Slightly offsetting these positives are the high levels of bureaucracy and corruption, but recent government reforms in these areas should improve the institutional environment. Assuming that the political situation is resolved and reforms are continued, Egypt will remain an attractive destination for investors in the next five years.
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