tax appeals tribunal has ordered Betway Kenya to pay taxes amounting to Ksh.58
million to the Kenya Revenue Authority (KRA).
tribunal ruled in favour of KRA in a case in which the betting firm, M/S
Bluejay Limited trading as Betway Kenya objected to payment of various tax
The Kenya Revenue Authority (KRA) is set to collect a tax worth Ksh.1.2 billion after the tax appeals tribunal dismissed an application by Oxygen 8 East Africa Limited seeking extension to file an appeal out of time.
KRA did an investigation audit against the
firm for the period
Transport and Infrastructure Cabinet Secretary, James Macharia has constituted a 17-member task force to advise and oversee the implementation of measures aimed at mitigating spread of COVID-19 in markets and maintaining hygiene of the food supply chain.
In a gazette notice dated JULY 16, 2020, CS
has handed over keys to buyers of the first block of apartments at Unity West,
one year after breaking ground on the Ksh4.5 billion project at Tatu City.
units will be handed over to owners in October this year and the entire
384-unit first phase of
Toyota Kenya has forecasted a 5% growth this year in
its market share. Managing Director Arvinder Reel said the anticipated growth
will be driven mainly by the availability of finance following the repeal of
the interest rate cap as well as increased local production of vehicles through
The National Treasury has slashed and lowered public spending
in the next fiscal year by 24 percent.
According to the 2020 budget policy statement, the 2020/2021
national budget has been capped at Ksh 2.7trillion, with development spending
having been slashed by 19.6% to Ksh 587.3 billion.
Cabinet secretary to the
China Consumer Price Index (CPI) rose at their highest rate in more than eight years, official data showed Monday, with inflation more than expected on the back of lunar New Year demand and a deadly virus outbreak.
Beijing had already been battling a slowing domestic economy
The Attorney General, Paul Kihara
on Tuesday formed a national steering committee to oversee the formulation of
an Alternate Dispute Resolution (ADR) policy.
The committee will be tasked
with proposing appropriate reforms to the legal and institutional framework for
alternative dispute resolution as well as ensuring that the national
Kenya’s economy is projected to grow at a rate of 6 percent
this year up from 5.8 percent in 2019, according to the latest World Bank
economic global prospects report.
The report further projects that the global economy could
recover to 2.5 percent Grose Domestic Product (GDP) growth
economic growth between April and June in 2019 stagnated at 5.6 percent for a
second consecutive quarter.
growth recorded during the second quarter was a further drop compared to 6.4
percent growth rate recorded during the same period in 2018.
to the Kenya National Bureau of Statistics (KNBS),