Kenya Revenue Authority (KRA)

(NAIROBI, KENYA) – The Tax Appeals Tribunal has faulted the Kenya Revenue Authority (KRA) for classifying a cake making additive imported by Palsgaard Kenya Ltd without laboratory testing. The Tribunal overturned KRA’s tariff decision, saying the authority could not sustain a different classification after acknowledging that its laboratory could notContinue Reading

Kenya NIF Targets KES 42 Billion Annual Income From Government Securities

(NAIROBI, KENYA) – The National Infrastructure Fund (NIF) expects about KES 42 billion ($325 million / £251 million) in annual income from government securities as it seeks to create a steady financing pool for large strategic infrastructure projects while preserving its seed capital. The NIF seed capital presently stands atContinue Reading

Kenya Proposes Dedicated Data Centre Licence Category

(NAIROBI, KENYA) – The Communications Authority of Kenya (CA) plans to introduce a standalone licence for data centres as investment in cloud and artificial intelligence (AI) infrastructure expands. The regulator says the proposed framework will improve oversight of data centre operations and align Kenya’s licensing regime with those of otherContinue Reading

Kenya Approves Tax Exemption on KES 3 Billion ($23.2 Million) Japan Kemri Grant

(NAIROBI, KENYA) – Kenya’s National Assembly has approved tax exemptions on a KES 3 billion ($23.2 million / £17.9 million) Japanese funded research programme at the Kenya Medical Research Institute (Kemri). MPs approved the recommendations of the National Assembly Committee on Delegated Legislation, clearing the way for implementation of theContinue Reading

Kenya Reviews Mounjaro Registration as Aspen Eyes $124 Million Africa Sales

(NAIROBI, KENYA) – The Pharmacy and Poisons Board (PPB) has begun reviewing an application to register Mounjaro, a once weekly injectable diabetes drug, for use in Kenya. The application was submitted by Aspen Pharmacare, a South African pharmaceutical company that has an agreement with Eli Lilly, the US manufacturer ofContinue Reading