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KRA ordered to cough up Sh54 million in VAT to Hotpoint over Nakumatt debt
May 14, 2024 at 01:12 PM
The Tax Appeals Tribunal has directed the Kenya Revenue Authority (KRA) to reimburse electronics supplier Hotpoint Limited over Sh54 million in Value Added Tax (VAT) on account of ...
Treasury seeks exemption for KRA to access personal data without a warrant
May 14, 2024 at 12:27 PM
In a controversial move to clamp down on tax evasion, the Treasury is seeking to amend the Data Protection Act, 2019, to allow the Kenya Revenue Authority (KRA) access to sensitive...
Equity Group rebounds with 25 per cent profit increase to Sh16 billion in Q1 2024
May 13, 2024 at 05:37 PM
Equity Group bounced back in the first quarter of 2024 reporting a 25 per cent increase in its net profit to Sh16 billion compared to the Sh12.8 billion recorded for same period in...
Court orders closure of 3 clubs and church in Mirema Estate over noise pollution
May 13, 2024 at 04:37 PM
Justice Judy Omange of the Environmental and Land Court (ELC) has ruled in favour of the Amani Residents Welfare Association/Mirema, ordering the closure of three entertainment est...
How key proposals in the Finance Act 2024 will affect your strained pocket
May 13, 2024 at 03:48 PM
Kenyans are brace for tougher times ahead as the government unveils new taxes on various goods and services in the Finance Bill 2024....
Bolt launches taxi ride category to assist flood victims in Kenya
May 13, 2024 at 02:47 PM
Bolt has launched a partnership with Kenya Red Cross that will see it help hundreds of thousands of victims of floods that have ravaged most parts of Kenya in the recent weeks....
Stanbic grapples with income decline despite 2.7 per cent profit inch up in Q1
May 10, 2024 at 02:07 PM
Stanbic Bank Kenya, the cornerstone subsidiary of Stanbic Holdings on the Nairobi Securities Exchange, witnessed a significant decline in its operating income despite posting a 2.7...
Clear provisions promised in Finance Act 2024 to ease tax compliance
May 09, 2024 at 07:56 PM
The Chairperson of the National Assembly Committee on Finance and National Planning, Kuria Kimani, has assured stakeholders that the forthcoming Finance Act 2024 will provide expli...
Bhartesh Shah is new SBM Bank CEO
May 09, 2024 at 05:52 PM
SBM Bank (Kenya) Limited has declared the appointment of Bhartesh Shah as its new Chief Executive Officer (CEO), effective Thursday, succeeding Moezz Mir, who held the position for...
How NCBA is playing a significant role in accelerating the adoption of e-mobility and financing in Kenya
May 09, 2024 at 02:10 PM
There have been growing calls by various stakeholders for acceleration of the adoption of green modes of transportation and hastening of avenues for e-mobility financing in Kenya....
Safaricom operating profits surpass USD1 billion as its dividend per share stagnates
May 09, 2024 at 01:22 PM
Safaricom’s operating profits surpassed Sh139.9 billion in the financial results announced by the telecommunications service provider for the year ended March 31, 2024....
Jumia Kenya appoints replacement for Charles Ballard as it eyes regional growth
May 09, 2024 at 10:51 AM
Jumia has announced the appointment of Vinod Goel as the Regional CEO for East Africa....
Govt Sh795.4 million in bonuses drives public sector wage bill to a record high
May 09, 2024 at 10:02 AM
Kenyan government workers received Sh795.4 million in performance-based bonuses during the six months leading to December 2023. This incentive scheme, implemented by the Salaries a...
KRA, KNCCI partner to boost MSME tax compliance and sustainable practices
May 08, 2024 at 05:47 PM
The Kenyan business landscape is set for a positive shift as the Kenya Revenue Authority (KRA) and the Kenya National Chamber of Commerce and Industry (KNCCI) announced a strategic...
Slow onboarding for Kenya Revenue Authority eTIMS system raises concerns
May 08, 2024 at 05:08 PM
The Kenya Revenue Authority (KRA) is facing challenges in its efforts to get businesses to adopt the new Electronic Tax Invoice Management System (eTIMS)....
Greatwall Gardens homeowners face dubeity as KCB proceeds with auction
May 08, 2024 at 03:39 PM
A cloud of uncertainty hangs over 78 homeowners in Athi River after KCB Bank put up their two-bedroom apartments for sale....
General insurers record 35 per cent profit growth to Sh13.33 billion despite underwriting losses
May 08, 2024 at 10:50 AM
Kenya's general insurance industry recorded a 35 per cent increase in net profit to Sh13.33 billion for the financial year ending December 2023, according to data from the Insuranc...
CMA expands regulatory reach to include alternative investment funds
May 07, 2024 at 06:59 PM
The Capital Markets Authority (CMA) of Kenya has taken a significant step towards bolstering investor protection and fostering economic growth through the introduction of regulatio...
Landlords, employees expected to remit Affordable Housing Levy from Thursday
May 07, 2024 at 11:15 AM
Landlords in Kenya are now required to contribute to the government's Affordable Housing initiative, with a new levy taking effect on Thursday....
Pullman picks Nairobi for its first 'workspitality' hotel in East Africa
May 06, 2024 at 12:41 PM
Pullman Hotels & Resorts is scheduled to open the Pullman Hotel Nairobi Upper Hill in Nairobi, in June 2024....
Visa, Davex-led report advocates flexible aid delivery amid global challenges
May 06, 2024 at 12:21 PM
A new report by Visa and Devex, a leading development and humanitarian news organization, sheds light on the changing landscape of international aid delivery....
ASSEK pushes for decentralization of business support for startups, SMEs
May 06, 2024 at 10:49 AM
The Association of Startups and SMEs Enablers of Kenya (ASSEK) is urging a shift in how business support is distributed, advocating for its decentralization to county levels....
Car & General locked in a fresh Sh468 million tax dispute with KRA
May 06, 2024 at 09:58 AM
Car & General (C&G), a diversified Kenyan firm listed on the Nairobi Securities Exchange (NSE), is embroiled in a tax dispute with the Kenya Revenue Authority (KRA). The co...
iProcure, the once promising Kenyan agritech startup, put in administration
May 03, 2024 at 06:40 PM
Kenyan agritech startup iProcure, a well-funded company that aimed to revolutionize the agricultural sector, has been placed under administration, raising concerns about its future...
Why Equity Bank has been ranked as Kenya’s most valuable brand yet again
May 03, 2024 at 05:10 PM
Equity Bank has yet again been ranked as Kenya's most valuable brand after its brand value rose by 1 per cent to Sh65.8 billion, this is according to new data released by Brand Fin...
NCBA Bank celebrates Eastleigh Branch success with a vibrant customer forum
May 03, 2024 at 03:09 PM
NCBA Bank hosted a vibrant business engagement forum on Friday at their Eastleigh branch nestled within Business Bay Mall....
120 entrepreneurs finally embark on Bolt's Accelerator Program in Kenya
May 03, 2024 at 11:56 AM
Ride-hailing giant Bolt has announced the 120 finalists for its innovative Accelerator Program in Kenya....