It’s wealth declaration time again for the third year. The process was spearheaded by the intent to curb corruption by having leaders, mainly politicians, publicly declare their wealth. But we are yet to see feedback from anyone/authority who has seen our previous declarations.
According to the latest Adili (No. 82) from Transparency International, a miscellaneous bill in parliament will modify the act so that wealth declarations will be filed every two year, and not annually as is the current case. So far only a few politicians have made public their wealth which was the original intent of the act. Adili also argues, that by requiring only a few key individuals to file returns, Uganda (16,000) and Tanzania (5,400) may be able to handle the huge volume of wealth declaration data than Kenya (with over 650,000 annual returns).
Standard Chartered has introduced a diva card for women. The card, which has been rolled out in other countries, is a variation of their flat fee account now re-modeled for women to include discounts on auto assurance, health checks, and at some restaurants, salons and health clubs as well as an unsecured loan or overdraft at 15% p.a.
biz tip One great thing about flat fee accounts is for parents (or anyone)sending money abroad to use the free local/foreign transfer (one a month) contained in most of these accounts to send fees or other funds abroad at no extra charge. This can save about 3,000 shillings each time.
- The Nairobi-Mombasa air route is getting more crowded/competitive with Air Kenya (with a new Dash-8) joining East African Safari Air, and soon Fly 540 to take on Kenya Airways who have dominated the increasingly busy route for years.
- The Kenya Power & Lighting Company (KPLC), who currently achieve 95% collections, have advertised to outsource their debt collections.
- The Kenya Wildlife Service (KWS) has advertised to upgrade their smart card system for park entry.