Tag: reginald kadzutu
The aviation sector in Kenya is experiencing an interesting adjustment after a bill was tabled in parliament to guide the sale of Kenya Airways and to delist it from the Nairobi Securities Exchange. MPs will now start debate on The National Aviation Management Bill 2020 as the National Assembly seeks to have the government take back full control of the national carrier by October. Economic Analyst, Reginald Kadzutu joins CNBC Africa for more.
In Kenya, the much-awaited $259.7 million Nairobi Railway City has started taking shape after the formation of the Railway City Development Authority. The first phase of the 20-year project that is set to change the face of Nairobi Central Business District will kick-off this year. Moreover, Chinese firm Stecol Corporation has secured a Sh5.6 billion deal to start construction of special lanes for high-capacity buses through the Nairobi city centre and Thika highway next month. Reginald Kadzutu Economic Analyst joins CNBC Africa for more.
In an effort to boost home ownership, Kenyan workers could soon be allowed to use up to 40 per cent of their retirement savings to buy residential houses in new changes that economic analyst, Reginald Kadzutu helped us explore.
A national response unit designed to cushion most vulnerable individuals and businesses from COVID19 is now live following the signing by President Uhuru Kenyatta of the Tax Laws Amendment Bill, 2020, into law. This opens a window for the newly introduced fiscal measures to protect low-income earners, small businesses, and retirees from the negative effects of COVID-19. Economic Analyst, Reginald Kadzutu joins CNBC Africa more.
According to a new ME Policy Index report, in Kenya small businesses are struggling to expand in the local and export market due to a poor regulatory environment. In addition, struggling retailer Nakumatt Holdings has shut down three of its remaining six stores, signalling trouble in the recovery path that it embarked on about two years ago. Joining CNBC Africa for more is Economic Analyst, Reginald Kadzutu.
President Uhuru Kenyatta rejected to approve the Finance Bill and further asked Members of Parliament to scrap commercial lending rate caps that critics say have led to a credit squeeze. To overturn the President’s memorandum, MPs require to marshall a two-thirds majority by 10th of October when they resume their sessions. Reginald Kadzutu, Economic Analyst joins CNBC Africa for more.
During the establishment of the EAC Monetary Union in 2013, the East Africa Community Head of States provided a 10-year road map to embrace a single currency regime. 6 years later, relevant institutions to support a single currency have not been set up forcing the EAC council of Ministers back to the drawing board. Economic Analyst, Reginald Kadzutu joins joins CNBC Africa for more.
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