Kenya's president approves 5 pct capital gains tax
NAIROBI (Reuters) - Kenya's President Uhuru Kenyatta has signed into law a 5 percent capital gains tax that investors say could affect investment in property, equities and the country's nascent oil and mining sectors. The finance bill approved by parliament in late August will take effect on Jan. 1, changing how taxes are applied in East Africa's biggest economy, the presidency said in a ...
Kenya cuts pump price of petrol, diesel after import costs fall
NAIROBI (Reuters) - Kenya's energy regulator has cut retail prices of diesel, petrol and kerosene to reflect lower import costs, in a move likely to temper rising inflation. Fuel prices have a big effect on inflation in the east African nation, which relies heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting. The ...
Kenya's Komon eyes Eindhoven Marathon title
Nairobi, Sep 16 (IANS) Kenya's 10km and 15km world record holder Leonard Komon will face a stiff challenge in his inaugural Eindhoven Marathon in the Netherlands, Oct 12.
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