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The year 2020 will go into the annals of history as one riddled with high-profile financial scandals amid efforts to tame the Covid-19 pandemic.
On top of the list of graft-hit parastatals is the Kenya Medical Supplies Agency (Kemsa), through which the taxpayer lost billions after the national drugs supplier inflated the prices of Covid-19 personal protective equipment (PPE).
The scandal left Kemsa holding Sh3 billion worth of dead stock. And while, ironically, there is still need for more PPE across the country, the Kemsa stock is so inflated no one is willing to buy it.
Senior officials at Kemsa reportedly increased the prices of PPE by a whopping Sh7.8 billion as the coronavirus raged.
Kenya: How Organisations Bled Graft Cash Amid Covid-19 Crunch allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Traditional and Indigenous peoples ‘denounce’ planned Amazon railway 23 December, 2020 - 21:20
The 2019 signing of a memorandum of agreement between Pará Governor Helder Barbalho and a representative from the China Communication Construction Company which is investing in the FEPASA railway. Image by Jailson Sam Pará courtesy of Pará state government. “We are witnessing a large-scale cleansing of territory in the state of Pará,” says Guilherme Carvalho, program coordinator at the Federation of Social and Educational Assistance Organizations (FASE), an NGO which has been active in the Amazon for many decades. According to him, judicial orders are being issued to evict peasant families from their lands “to make way for a complex of logistic projects that will facilitate the expansion of transnational mining and agribusiness.” The chief infrastructure project referred to by Carvalho is the Ferrovia Paraense (FEPASA), a planned railway that, if fully completed, would r
FBR Planning to Remove These Corporate Income Tax Exemptions
The Federal Board of Revenue (FBR) is presently reviewing the following list of corporate income tax exemptions with revenue impact for possible withdrawal before the next fiscal year:
Tax credit for investment in balancing, modernization, and replacement of plant and machinery (corporate manufacturing sector), Rs. 65.168 billion.
Tax credit for enlistment in Stock Exchange (Companies opting for enlistment in a registered stock exchange), Rs. 357 million.
Tax credit for newly established industrial undertakings corporate industrial units (including corporate dairy farming), Rs. 5.573 billion.
Tax credit for industrial undertakings established before the first day of July 2011 (corporate industrial units including corporate dairy farming), Rs. 6.486 billion.
First 3 berths of Kenya s Lamu Port set for commissioning in 2021 By Edith Mutethya in Nairobi, Kenya | chinadaily.com.cn | Updated: 2020-12-10 17:44
The first 3 berths of the Lamu Port, constructed by the China Communication Construction Company, is set for commissioning by end of October 2021, President Uhuru Kenyatta of Kenya said on Wednesday.
Kenyatta, who toured the port accompanied by Abiy Ahmed, the prime minister of Ethiopia in the country on a state visit, said the first berth is complete while the other two are 86 percent complete.
Expressing satisfaction on the progress of the 32-berth Lamu Port, Kenyatta said he looked forward to the commencement of world-class logistics operations at the port so traders can make Lamu the premier port of choice in East Africa.