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KRA is crippling small enterprises with punitive actions

KRA headquarters

Clients seeking services at KRA headquarters, Times Tower, Nairobi on February 23, 2024.

Photo credit: File | Nation Media Group
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By  The Watchman

Nation Media Group

What you need to know:

  • The youth should stop listening to the politicians’ promise of future leadership.
  • AI is a product of scientific innovation that has taken higher learning by storm.

Forex losses • Alarmed at the foreign exchange losses made by listed firms last year, Philip Macharia Wanjiru has some expert advice. Says he: “The management and boards should devise a strategy to handle foreign exchange reserves on a quarterly basis. This will curb negative effects before they spiral out of control and erode gains as happened last year.” His contact is [email protected].

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KRA blunder • The Kenya Revenue Authority (KRA) is crippling small enterprises with its punitive actions, says John Ngugi. He cites as an example the blocking of the Personal Identification Numbers (PINS) over Value Added Tax. “The hunger for tax is destroying these small businesses and will hurt the economy. I hope they will change this to ease our suffering.” His contact is [email protected].

Related

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Youth power• Youth should stop listening to the politicians’ promise of future leadership, says Jediel Muthuri. “You’ve been told that the country’s leadership and ownership is yours, which is 100 per cent true, and yet we elect leaders who are above 80 years. It's you who vote for them. Nobody will give you leadership. You have to claim it and you have the numbers.” His contact is [email protected].

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Global economy • The global economic situation is grim and precarious, remarks Alnashir D Walji. However, he’s pleased the Brics (Brazil, Russia, India, China, and South Africa) want an investigation into debt, calling for its relief, investment and the funding of major projects such as infrastructure. “Socio-economic development should be boosted in countries.” His contact is [email protected].

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Genuine research • Artificial Intelligence is a product of scientific innovation that has taken higher learning by storm, says F Mukembu. “University students have something to smile about because at the click of a button, they have their complex assignments done. To me, however, this is not doing the students any good. Quality university education is based on genuine research.” His contact is [email protected].

Have an authentic day, won’t you!