Workers to get unemployment benefits with rise in NSSF fees - Corporate News |businessdailyafrica.com

In Summary

• Formal sector workers contribution to NSSF is currently split equally between the employer and employee for a total of Sh400.
• The Bill proposes to divide member contribution into two tiers.
• The first tier of contributions will see all formal sector workers contribute a portion of their salaries equivalent to six per cent of those earning the prevailing minimum wage with an equal share of contribution from their employers.
• The second tier of contributions will be exclusive to those earning over and above the minimum wage, who will contribute a specified portion of their gross salaries with an equal share from employers.
• However, the Bill proposes that employers with established private pension schemes be allowed to opt their workers out of the second tier contributions sparing them the burden of double saving for retirement.
• To minimise the pain of parting with a bigger portion of their pay, NSSF is proposing that workers gradually increase their contributions over four years period should Parliament pass the law.

Rags to Riches:Egged on by pride, his simple act of resignation as a carpentry teacher led one Nelson Muguku to explore what has turned to be a billion shilling venture.

FP ISSUE 142.pdf (application/pdf Object)

Save time by working smarter at home - Opinion & Analysis |businessdailyafrica.com

Save time by working smarter at home  - Opinion & Analysis |businessdailyafrica.com
Seating in the office is only a good way of wielding power over the serfs in your office fiefdom.

Chinese hawkers rattle retail market - News|nation.co.ke

Chinese hawkers rattle retail market - News|nation.co.ke

In Summary

• There are Chinese cultivating small-scale farms in villages as far away from Nairobi as Kisumu, Kisii and Kuria and others engaging in fishing in South Nyanza.
• Last month, Chinese men were seen in the streets of Nyeri selling Galaxy SII and Nokia N8 phones.
• On Thursday, business people in Nairobi took to the streets to protest the presence of Chinese retail traders in the city.
• The Sunday Nation has established that the recent increase in the number of the Chinese in Kenya is a result of what the Chinese Government terms as the “New Eight”.

Demand for bribes in Kenya on the rise, report says - Politics and policy |businessdailyafrica.com

Demand for bribes in Kenya on the rise, report says - Politics and policy |businessdailyafrica.com

In Summary

Top ten most likely to demand bribes
1. Police officers (34.6 per cent)
2. Immigration officers (14.3 per cent)
3. Provincial administrators (11.8 per cent)
4. Judges and magistrates (11 per cent)
5. Council askaris (9.3 per cent)
6. Health practitioners (7.1 per cent)
7. Human resource managers (3.6 per cent)
8. Land registrars (1.9 per cent)
9. Education officers (1 per cent)
10. Businesspeople (1 per cent)

Miguna: We should stop merchants of impunity | NTV

Miguna is back in the country. The controversial author of Peeling Back the Mask returned from his holiday in Canada and dismissed claims that he fled after publishing a book criticizing the PM. Miguna who outlined a myriad of issues that need to be addressed in the country maintains that the country needs to change the calibre of leaders it elects if it has to make any strides. He was addressing journalists after his arrival at the Jomo Kenyatta International Airport.

Food Friday: Slum farmer overcomes space challenge | NTV

How much space do you think you’d need to keep cows, rabbits, and hamsters and grow vegetables? An acre, maybe half? Well, in Food Friday tonight, Zeynab Wandati tells you about a man in a slum in Nairobi's South B who makes 30,000 shillings in a month by making space scarcity work for him.