× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Firms increase uptake of tax-free lunch

NEWS
By Dominic Omondi | February 3rd 2019

Manufacturers and commercial banks are looking to effect a Sh4,000 pay rise for employees through tax free lunch schemes in quest to boost productivity.

Digital lunch scheme provider, Apptivate Africa has reported increased interest for its mobile lunch delivery app, M-kula, largely from industries and lenders.

Workers under the scheme are entitled to Sh48,000 in tax-free meal allocations wired directly to their mobile wallet annually, translating to a tax-free pay rise of Sh4,000 per month.

“A number of companies especially in the manufacturing and banking sectors that were lax in early 2018 are now interested in exploring how we can help them,” said Apptivate Africa Chief Executive Neil Ribeiro.

Apptivate said improved business environment, investor confidence in 2018 and a growing need to create employee-employer emotional connection, will accelerate demand for mutually benefiting incentives like meal vouchers by companies in 2019.

“Employers are realising they need to provide more than a pay cheque to keep their teams motivated. Food is a basic human need, and a great way to get employees motivated and create an emotional connection between them and the company,” said Mr Ribeiro. 

The firm says the interest by manufacturers will accelerate momentum and boost the sector’s contribution to the economy.

Manufacturing sector’s contribution to gross domestic product has stagnated at about 10 per cent over the last few decades.

“We are ready to be part of the big role of re-awakening the sector in line with President Uhuru Kenyatta’s Big 4 Agenda on manufacturing,” said Ribeiro.

The Presidency has listed policy review for sector and incentives among priority areas to improve the manufacturing sector.

Share this story
Hydro power falls despite high water level in dams
Electricity mix has changed following the completion of Lake Turkana Wind Power project.
Survey: Why 40 pc of workers want to quit their jobs
More than half of 18 to 25 year-olds in the workforce are considering quitting their job. And they are not the only ones.
.
RECOMMENDED NEWS
Feedback