More than half of new cars assembled in Kenya on lower taxes
More than half of the new vehicles sold in Kenya are now assembled locally, driven by dealers’ bid to lower their tax bill and offer competitive pricing.
Data from the Kenya National Bureau of Statistics shows that 5,456 vehicles were assembled in Kenya in the ten months to October 2012, representing 52.3 per cent of the 10,422 new vehicles sold in the same period.
Kenya: Flower Farm Workers Pay Set to Increase
The minimum salary for flower farm workers in the country is expected to rise to Sh10,000 per month if parliament passes the miscellaneous amendment on the labor institution act.
This would also see the working conditions for the thousands of workers change if thenew salaries are set.
House team clears sale plan for Hilton and InterCon hotels
Two leading global hotel chains have been cleared to acquire substantial interests in the Hilton and InterContinental hotels in Nairobi.
The green light follows a proposal by the Treasury to give the Hilton Group of Hotels, InterContinental Hotels Corporation and other shareholders in the establishments priority in buying the shares being offloaded by the Kenya Tourist Development Corporation.
Kenya Q3 growth rate picks up on agriculture boost
NAIROBI: Kenya’s economy expanded by 4.7 percent in the third quarter of this year from 4 percent in the same period last year, boosted by agriculture and manufacturing, the statistics office said on Monday.
On a seasonally-adjusted basis, east Africa’s biggest economy grew by 2.2 percent in the third quarter, up from 0.5 percent in the second.
