Varsity tuition fees in first review since 1995

The push for review of the fees comes at a time when the drop in the number of students pursuing parallel degree programme courses, whose tuition charges are based on market rates, has hurt university finances.

This has forced the institutions to freeze hirings and slow down expansion plans as they struggle with huge debts.

“Discussions regarding the fee increment are ongoing…but it’s premature to say anything concrete has been agreed upon,” UFB acting chief executive Milton Njuki said on the sidelines of a regional forum on university education reforms in Nairobi.

CBK Awards Dubai Islamic Bank License To Operate In Kenya

One of the largest Islamic Banks in the United Arab Emirates, Dubai Islamic Bank (DIB), has been awarded license by the Central Bank of Kenya (CBK) for the establishment of its operations in Kenya.

The Bank through its wholly owned Kenyan subsidiary, Dubai Islamic Bank Kenya will exclusively offer Shariah compliant banking services in the country. It becomes the third fully Shariah compliant bank to be licensed in Kenya, after Gulf African Bank Limited in 2007 and First Community Bank Limited in 2008.

Experts demystify raging issues on Locust invasion

“Yellow colour is an indication of maturity but not dying locust. However, at the later age the yellow colouring becomes very bright and the locusts will start copulating and laying eggs and at this stage we can say  that they are dying. And unless one is following a swarm from the immature stage up to maturity no one can tell when the first egg laying has occurred, ”  corrected Dr. George Ong’amo, an entomologist from UoN.

STANCHAT EYES INVESTERS WITH MOBILE BONDS APP

The Nairobi Securities Exchange-listed firm follows a similar move by the Central Bank of Kenya (CBK) — the government’s fiscal agent — which is mandated to auction bonds and maintain a register of investors in the debt securities.

“Through the SC Mobile App clients will be able to buy or sell local currency government bonds and treasury bills without the hustle of visiting a branch to fill in forms,” StanChart said in a statement.

The service is accessible on the bank’s SC Mobile App and makes StanChart the second entity to offer such a platform

KRA Migrates Legacy Ledger Balances to iTax

Kenya Revenue Authority has moved the legacy ledger balances to the iTax system.

The authority says it is undertaking a reconciliation exercise of the taxpayers’ accounts in the old system to establish the correct tax balances.

In this case, KRA will contact taxpayers to confirm their ledger balances prior to migration into the new iTax system.

In addition, KRA says that commencement of the process with large and medium taxpayers with nationwide rollout is expected soon.