I can describe my career over the past 34 years as an illustrious one. it started off in 1979 with a job as an audit trainee immediately after graduating with a Bachelor of Commerce (Accounting) degree from the University of Nairobi, and went on through various jobs in and out of Kenya, in private as well as public sector, with my last posting being the Chief Executive Officer of the Kenya Commercial Bank Group from where I retired on 31st December, 2012. During this period, I earned more qualifications, awards and decorations for distinguished service.
According to the just-released KRA taxpayers’ list, the top taxpayers in the country paid a total of Ksh. 115 billion in tax during the 2011/2012 financial year, which is equivalent to 17 per cent of revenue collected by the exchequer during that period.
The issue of paying taxes in Kenya has drawn varied reactions from different quarters, ranging from complaints that the tax burden is too high for the ordinary Kenyan, to the outrage about our MPs’ reluctance to pay taxes expressed in very colourful language on social networking sites.
Kenya’s central bank may resume cutting interest rates to support the economy following peaceful elections two months ago. The Monetary Policy Committee, led by Governor Njuguna Ndung’u, is set to reduce the benchmark interest rate by a quarter of a percentage point to 9.25 percent, according to the median estimate of eight economists surveyed by Bloomberg.
The Journey never ends. Discover the many adventures Martin has lived and continues to live, hear his take on life and the current world affairs as they unravel. Share your views on it all and bring to life your ideas and ideals.