BUSINESS NEWS
Court issues arrest warrants against 3 company directors charged with tax fraud
Three corporate directors are wanted by a Nairobi court on charges of participating in the VAT missing trader tax evasion scam.
The failure to show...
Shippers want state agencies to receive 70% of IDF revenue.
In order to reduce various taxes, shippers in the East African region now want an element of the Import Declaration Fee (IDF) to go...
MPs threaten to sever ties with Orpower Company Limited due to exorbitant tariffs.
The US electricity company Orpower Company Limited has been threatened with termination by MPs due to what they refer to as "unjustified expensive tariffs."
Since...
East Africa Woodwork, Furniture And Interior Design Show Launched
Thanks to Fintex East Africa, the furniture, woodworking, interior design, and finishing industries are about to go through a major metamorphosis in step with...
Belgium’s national carrier ‘Brussels Airlines’ re-introduces direct flights to Nairobi after a 9 years
After a nine-year recess, Brussels Airlines, the national airline of Belgium, has resumed direct flights to Nairobi.
There are currently six weekly flights on the...
BCLB Orders Betting Companies To Transition To New System And Renew Licenses
For the fiscal year 2024–2025, gaming companies and betting shops may now submit applications to renew their licenses.
On Wednesday, the Betting Control and Licensing...
Safaricom Investment Co-Operative Appoints Churchill Ochieng’ As New CEO
Churchill Ochieng is the new CEO of Safaricom Investment Co-operative (SIC), having been selected by the board.
Ochieng's more than 25 years of experience in...
Uganda Slaps Kenya Potatoes Traders With Increased Tax
A trade war broke out between Kenya and Uganda as a result of Yoweri Museveni's administration levying an additional Ksh3 tax on each kilogram...
eTIMS: What It Is And How It Works?
eTIMS stands for Electronic Tax Invoice Management System. It's a system developed and managed by the Kenyan Revenue Authority (KRA) to streamline and modernize...
Report: KCB Group To Sell Its Subsidiary National Bank Of Kenya.
National Bank of Kenya (NBK), a subsidiary of Kenyan lender KCB Group (KCB.NR), is expected to be sold, according to a report published in...
