No nonsense men are most often winners. This guy, mandem had to 'stepdown' as N.Forest chair because his other team - Olympiacos is number one in Greece and UEFA restricts one owner fully owning multiple clubs in their competitions.
Nottingham Forest are back in the European stage after 30 years, just as owner Evangelos Marinakis promised.
A promise kept, a dream delivered. Lakini is this also an apology to Nuno hehe
The National Treasury’s Principal Secretary, Dr. Chris Kiptoo, today officially launched the Electronic Rental Tax Information System (eRITS), a significant initiative aimed at transforming rental income tax compliance in Kenya.
The PS commended the Kenya Revenue Authority (KRA) for making the innovation a reality.
Dr. Kiptoo observed that as the global economy grows more complex, Kenya must foster a business environment that is both competitive and equitable.
He emphasized that the sustainability of the country depends on its ability to mobilize sufficient tax revenues.
The reiterated the government’s commitment to efficient public service delivery and expanding fiscal space, noting that innovative tax solutions like eRITS are key to improving taxpayer experience and encouraging compliance.
“Our journey forward is demanding,” he remarked, citing the growing pressures of rising expenditures and public debt.
To address this, Kenya must broaden its tax base, identify new revenue streams, and optimize collections across all sectors.
Despite past efforts, Dr. Kiptoo revealed that rental income tax collection remains low. The government currently collects just Kshs. 17 billion annually from rental income—far below the estimated potential of over Kshs. 100 billion, which represents only 17% of expected revenue.
He acknowledged that the iTax system, which depends on self-assessment, and previous initiatives such as tax amnesties and property data collection, have fallen short of bringing all landlords into the tax net.
Dr. Kiptoo urged KRA to confront these challenges decisively and pursue strategic solutions that ensure all eligible taxpayers fulfill their obligations. This, he said, is vital for funding the national budget and supporting long-term economic growth.
He also pointed out that Kenya’s tax revenue as a percentage of GDP remains below the East African Community (EAC) target of 25%. In response, the government has reviewed the tax policy framework and developed two key policy documents: the National Tax Policy and the Medium-Term Revenue Strategy (MTRS).
Sometimes I wonder whether people who want to be President of Kenya know what they would be getting into. Looking closely at Budget Estimates 2025-2026, picture this
1. Ksh 1.3 Trillion out of Ksh 4.2 Trillion will go to payment and servicing of debts as well as pensions. This is not negotiable and we can never default on that. The price to pay for our thoughtless expansionism in the past
2. Another Ksh 1.7 Trillion will go to finance RECURRENT Expenditure of the National Government . Of which Ksh 680 Billion is salaries for our bloated and inefficient civil service which you can not reform because JOBLESS Kenyans will go to the streets to defend the civil servants who contine to eat everything at the expense of the rest of Kenyans
3. Still on the National Government Recurrent Expenditure, we are officially a Communist Country. Karl Marx is very proud of us. Free Education, Pesa ya Wazee, Fertilisers, Health etc at a cost of Ksh 700 Billion. Ebu jaribu kugusa any of that . Ot to stop the Ksh 400 Billion that is transferred to useless and inefficient parastatals that you can not sell because courts will grant injunctions as freely as sweets in a Chrismas party.
4. And Counties are waiting. Ksh 405 Billion in equitable sharing , Ksh 59 Billion in Equalisation Fund and Ksh 10 Billion in Conditional Grants totalling to Ksh 471 Billion. Try negotiate that or question how that huge amount is spent and you are an enemy of devolution.
5. At the end of the day the only amount you can discretionary allocate for development is a paltry Ksh 291 Billion or 6.9% of the 4.2 Trillion. 93.1% you have no say.
Wishing all the best to all our beloved Presidential Candidates
Today, I held a consultative meeting with road contractors to express my gratitude for their resumption of work on stalled projects, as we start to pay the pending bills owed to them.
The resumption of road construction projects signifies a renewed commitment to enhancing Kenya's road network infrastructure. This initiative holds significant promise for improving transportation across the country, enabling Kenyans to experience more efficient and seamless connectivity.
Additionally, the resumption of work will significantly contribute to increased employment opportunities across the sector from direct employment by the projects, as service providers or suppliers to the contractors and their employees.
The resumption is also vital for production and economic growth, even for small-scale traders like "Mama mboga," who play a crucial role in local food distribution networks.
Breaking: A DJ has been arrested in the city of Madrid after shouting 'uno, dos, tres' meaning - one, two, three. This is after Real Madrid were hammered 3:0 yesterday
#DYK Geothermal Energy in Kenya has a potential of up to 10,000 MW distributed across twenty (20+) prospect areas mainly within the Kenya Tertiary Rift System.
Kenya ranks first globally in the amount of time spent on social media. I’m pondering the implications of this as I head to the launch event for the Kenya Artificial Intelligence strategy (and post on social media 😃).
@tanuijohn@gracemurugi@GregWanjama#AiStrat#Kenya #SiliconSavannah