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Covid-19 created 2.5 million poor Kenyans last year, says CS Yatani

BUSINESS NEWS
CS Treasury and National Planning Ukur Yattani (PHOTO: FILE)
The Covid-19 pandemic might have created an additional 2.5 million poor Kenyans last year, the Cabinet Secretary for National Ukur Yatani said yesterday.
Speaking during a ministerial conclave on human capital, Yatani said the increase in poverty last year by six percentage points was due to the serious impacts of Covid-19 on livelihoods, which was sharp decreases in incomes and employment.
“The new poor are more urban-based, with a higher level of education and are usually working in the service-rather than the agricultural sector,” said Yatani. He was responding to a question on how the Government was using the Economic Recovery Strategy to invest in human capital to spur inclusive sustainable recovery.

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CS Ukur Yatani hands tax relief to Sh328b Japanese projects

THE STANDARD
By
Dominic Omondi |
March 17th 2021 at 09:24:44 GMT +0300
CS Ukur Yattani (PHOTO: FILE)
Japanese workers and companies will be laughing all the way to the bank after the government exempted them from paying income tax for projects valued at Sh328 billion.
In a legal notice, National Treasury Cabinet Secretary Ukur Yatani directed that the income that these businesses and workers earned from 15 projects will be exempted from income tax.
Mr Yatani said this was according to Section 13(2) of the Income Tax. “Cabinet Secretary for National Treasury and Planning directs that the income which accrued in or was derived from Kenya by Japanese companies, Japanese consultants and Japanese employees involved in the projects…. shall be exempt from income tax...” read part of the notice that was issued by Yatani on February 26, 2021.

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China not taking over Mombasa Port, says Treasury CS Yattani

THE STANDARD
BUSINESS NEWS
NAIROBI, KENYA: Kenya is not at risk of losing Mombasa Port any soon over debt, Treasury Cabinet Secretary Ukur Yattani said on Monday.
He was reacting to an article in the local daily which reported that China could seize Mombasa port over Sh364 billion Standard Gauge Railway (SGR) loan.
In reference to a report tabled in parliament by the Auditor General, the writer wrote that the assets of the Kenya Ports Authority (KPA) were used as collateral for the multi-billion loan.
While refuting the claims on Monday, CS Ukur Yattani said there is no risk of China or any other country taking over the port of Mombasa.

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KPA Board re-advertises MD position

It emerged the nominees did not score at least 70 per cent in the interview.

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