Courts
Betting firms and a group of gamblers have suffered a blow after the court refused to overturn 7.5% excise duty imposed on cash they set aside in their wallets for gaming. High Court judge George Odunga dismissed a petition filed by the gamblers stating that levying excise duty on
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The Treasury will have to borow more after an August audit showed that they wont meet their target in the business environment which has been hit with massive job cuts and corporate losses. The Budget outlook paper tabled in Parliament yesterday shows that the National Treasury has revised its borrowing
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Members of Parliament rejected a Bill yesterday (Wednesday) that had sought to increase maximum fines for graft to Sh10 million or jail terms not exceeding 10 years. Majority of the MPs voted “no” when Deputy Speaker Moses Cheboi put the Bill to the vote after lawmakers concluded debating the proposed