Sportpesa and Betin win in Tax Case
Sportpesa and Betin have won a court case that sought to stop KRA from taxing gross betting payouts. According to The Star, the Tax Appeals Tribunal of betting firms ruled that [...]
Kengen Invites Investors to Build 140MW Power Plant
On Tuesday, Kengen put out a bid inviting International financiers to bid for its first-ever Public-Private Partnership (PPP). The call is looking for partners and investors to construct a 140 [...]Bankers’ Plot to Combat the Threat of Cybercrime
Kenya Bankers Association (KBA) is presently working with its members to review best practice in identifying fraud, assessing the impact and escalating the information across the industry while tightening response [...]
Kenyan Government to Provide Incentives to Wealthy Foreign Investors
The Kenyan Government is considering providing citizenship opportunities to the wealthy foreigners who will bring in Foreign Direct Investment Flows. The foreign investors who create new jobs and export earnings [...]New Tax Law Targets Digital Marketplaces
Kenya Revenue Authority (KRA) efforts to mobilize domestic revenue collection has moved to the digital and informal sector. Early Thursday, President Uhuru Kenyatta assented the Finance Bill 2019 kicking off [...]
Treasury Restores Judiciary's 2019/2020 Budget
Treasury has restored the Judiciary budget for the year 2019/2020 after the Law Society of Kenya won a case in High court. A letter from the Chief Registrar of the [...]Uhuru Proposes Payment of Taxes For Disputed Tax Matters Still in Court
The Government of Kenya is drafting a bill to demand mandatory payment of taxes for tax disputes still in court. The move will enable the treasury to collect more revenue [...]Eaagads Appoints New Director
EAAGADS Limited has appointed Mr. Artem Gurevich as a director of the company. His appointment took effect on 5th November 2019. Mr. Gurevich is highly skilled in operational experience in [...]KRA Warns Landlords Against Tax Evasion
Kenya Revenue Authority has announced that they will start tracing landlords who are not fully transparent with information regarding the income that they receive from their rental properties. According to [...]Banks calm jitters over removal of rate caps
The banking sector has come out to calm nerves in the financial markets over fears of possible skyrocketing in the price of money. This follows a move by members of [...]Kenyan Banks Ease Credit Access to SMEs
A consortium of banks including KCB Group, Diamond Trust Bank, NCBA, Cooperative Bank, and Equity Group have pledged KSh 10 billion to fund SMEs. The banks are using Stawi [...]The First Phase of Affordable Houses to be Completed by December
Boma Yangu has announced that the first phase of Kenya's affordable housing project will be completed by December 2019. The project comprises of 228 houses. Charles Hinga, the principal secretary [...]
