Author: NLM Correspondent

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By Mumbi Mutoko African countries are facing another round of higher costs from a war they didn’t start after Palestine militant group Hamas torched off a new conflict with Israel last month. While the conflict itself doesn’t directly involve major oil-producing nations, the Middle East, where the fighting is taking place, houses some of the world’s largest oil producers, including Iran and Saudi Arabia. This region also contains key transit routes for oil, like the Strait of Hormuz, often termed the world’s most important “oil chokepoint.” Morgan Stanley – an American multinational investment bank and financial services company – suggests…

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The Kenya Revenue Authority has denied arbitrarily taxing or harassing Kenyans arriving into the country through the Jomo Kenyatta International Airport and other entry points to heavy taxation. In a statement by KRA acting deputy commissioner of policy and international affairs David Ontweka, the Authority instead said that only goods worth a purchasing value of more than USD 500 (Sh75,000) and which included more than one item were subject to tax. Ontweka added that contrary to reports on social media and in the public domain, not all goods were subject to taxation. He said that the process is part of…

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