An importer of household goods at the centre of a Sh472 million tax claim has asked the court to force the Kenya Revenue Authority (KRA) to release an investigation report implicating the firm of issuing bogus invoices to claim illegal tax refunds. Pea…
Safaricom, banks lower Fuliza charges by up to 50 percent
Safaricom’s Fuliza has cut daily charges for loans below Sh1000 by 50 percent and introduced a three-day grace period. Daily charges on loans of up to Sh1000 will come down from Sh10 to Sh5 but the company has retained the 1 percent access fee on all b…
BELLOWS: Making pitch that strikes a chord with investors
Kenya maintains its integral spot as a global hotbed for entrepreneurship. Thousands of new businesses spring up each year. Dozens progress to a notable scale. From there, some even grow to become legendary household names across the region. Undergradu…
DR ONYANGO: What is expected of you when you hold public office
The public sector is always a key sector when it comes to human resources and employment opportunities. Since this is a sector that also actualises principles and values of the public, the Constitution contemplates what is expected of State officers in…
Lamu ‘tombs of identity’ with rich history in the archipelago
The Lamu Archipelago has historical ingredients that have for decades continued to attract tourists, guests, and other revellers to familiarize themselves with such unique sites. Lamu is known for having centuries-old historical buildings, and mosques….
KIEREINI: Communities in trustee land model retained user rights until 2010
Land has been a highly complex and emotive subject in Kenya. It not only serves as the primordial factor of production for supporting community livelihoods, but also embodies the social, cultural, and spiritual identities of more than 40 indigenous com…
Setting up a nest egg helps secure children’s future
As the number of wealthy Kenyans grows, many families are now setting up trust funds for their children as a form of insurance for their future. These funds are established alongside bank savings in the children’s names to steady their financial future…
What’s in a beef cut?
Since my visit to the restaurant specialising in beef where my knowledge of beef was grilled, I have been swarming my butcher with ‘cut’ questions. To fend off the incessant inquiries, the poor chap bulks with the justification that he only hangs what …
Manufacturers’ costs dilemma
Manufacturers are facing a hard choice over whether to pass on to consumers higher production costs brought about by electricity and fuel price increases, at a time when high inflation is already eroding demand for their goods. The price of diesel was …
CMA blames delay to set up tribunal for errant players
The Capital Markets Authority (CMA) has raised concerns that delays by the Judicial Service Commission (JSC) to appoint members of the Capital Markets Tribunal has created a loophole for rogue players to hide from regulatory actions. CMA chief executiv…