Tesla Announces Ksh.7 Trillion Payout for Elon Musk
Elon Musk, the billionaire entrepreneur and CEO of Tesla, is at the center of a storm once again. This time, it’s about the enormous $56 billion (Ksh. 7.1 trillion) compensation…
Assessing the Finance Bill 2024’s Influence on KRA’s Authority
The Finance Bill 2024, proposed by Molo MP Kimani Kuria, has sparked significant debate in Kenya, primarily due to its implications for the Kenya Revenue Authority (KRA) and the perceived…
Ugandans Seek Release of 7 Vehicles at Mombasa Port
The ongoing standoff between the Kenya Revenue Authority (KRA) and four Ugandan nationals over the release of their vehicles from the Mombasa port highlights the complexities and challenges of cross-border…
Sending Ksh5,000 Might Cost Ksh140, Bankers Caution
The National Treasury’s recent proposal to raise excise duty on fees for mobile wallet and bank account transactions in the Finance Bill 2024 has sparked significant debate and concern. This…
President Ruto Cuts Sexed Semen Prices for Dairy Farmers
President William Ruto’s recent directives on reducing the cost of sexed semen and enhancing livestock genetics mark a pivotal shift for Kenya’s agricultural sector, particularly for dairy and goat farmers.…
Inflation Adjustments and Their Impact on Household Items in Kenya
The Kenya National Bureau of Statistics (KNBS) recently released a report outlining the national average prices of basic household items following inflation adjustments for the month of May. This report…
The Battle of Taxes:Cooking Oil Tycoon’s Kenya Departure Threat
Foreign investors in Kenya’s edible oils manufacturing sector voiced significant concerns before Members of Parliament on Wednesday, May 29, highlighting the harsh business environment due to the government’s persistent increase…
Extended Tax Filing Deadline: Relief for Financial Institutions in Kenya
The Kenya Revenue Authority (KRA) has announced a three-month extension for Reporting Financial Institutions (RFIs) to file their Common Reporting Standard (CRS) and Automatic Exchange of Information (AEOI) returns. Originally…
President William Ruto’s Take on the Recent Mūgūka Ban
The ongoing debate over the ban of Muguka in Mombasa County has sparked a wide array of reactions from netizens across Kenya. This contentious issue has even drawn the attention…
Heineken Faces Ksh.1.7 Billion Penalty for Distribution Agreement Termination
The recent ruling by the Court of Appeal in favor of Maxam Limited against Heineken E.A and Heineken B.V marks a significant legal and financial milestone. This case, involving a…