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Auctioneers appointed by Kenya Revenue Authority have attached assets belonging to Goldenberg scandal architect Kamlesh Pattni over Sh2.2 billion tax arrears. The auctioneers entered the warehouse of Suzan Duty Free within the Jomo Kenyatta International Airport and attached several assets, including assorted alcoholic beverages and a truck. An inventory
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The office of retired President Mwai Kibaki is on the spot for defaulting on rent amounting to Sh36 million at the Kenyatta International Convention Centre (KICC) in a period when the government had bought an office block to host the retired Head of State and his staff. A new audit
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The future of formal betting industry in Kenya hangs in the balance as haggling over taxes takes a toll on companies and employees. Sportpesa is the latest to exit the market , citing revenue deterioration after its license was revoked over a tax dispute. Over 400 will be lost. The firm,
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The Central Bank of Kenya (CBK) will shred and package the entire sum of 209.7 million of the collected old series Ksh.1000 notes before destroying them. Addressing the press on Wednesday, CBK Governor Patrick Njoroge said holes will be punched on all collected notes before shredding them into
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The Central Bank of Kenya collected 209,661,000 pieces of the old Sh1,000 notes (Sh209 billion) by September 30. As at June 1, there were 217,047,000 pieces of the old Sh1,000 banknotes in circulation with 3,172 suspicious transactions under probe. 7,386,000 pieces
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Kenya Revenue Authority (KRA) has lost trace of Sh803 billion that wealthy Kenyans wired back into the country from offshore accounts in the last three years after they were offered an amnesty on tax and the source of the riches. The taxman Tuesday said he was uncertain whether the repatriated
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Kenya Bureau Of Standards (Kebs) has failed to explain the whereabouts of 500,000 of contraband sugar impounded last year. The sugar had been seized on suspicion that it contained mercury. Top managers of the Kenya Bureau of Standards (Kebs) who appeared before a parliamentary committee failed to ascertain whether
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The High Court has ruled that new bank notes are legal and held that the President Jomo Kenyatta statue on them is not a portrait. The court also declined to extend the expiry date of old Sh1,000 notes. On June 4, two cases challenging the release of new bank
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After 16 long years, Kenya has finally been re-admitted to the World Rally Championship circuit. This follows the inclusion of the Kenya’s Safari Rally in the WRC 2020 calendar. World Rally Championship has announced Japan, Kenya and New Zealand will return to the FIA world rally championship for 2020
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The Samsung Galaxy Note 10 and Note 10+ are now available in authorized dealer stores in Kenya. They feature the Infinity-O displays, a new S Pen, ultrasonic in-display fingerprint sensor and a new, efficient Exynos 9825 chipset. They were up for pre-orders until end of August and will now retail
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Investors bought a total of 654,200 shares of Mumias Sugar Company in three days without knowing that the miller had been placed under receivership, turning the spotlight on KCB Group KCB Group, the receiver, failed to disclose the material development immediately as required by Kenya’s securities law. PVR
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As a borrower, there are some questions that you are probably wondering like; How to repay Tala, Branch or Saida loan for another line, Can I pay Tala or Branch loan for another person using my phone? Is it possible to use another M-Pesa account to pay a mobile loan