(NAIROBI, KENYA) – A Kenyan court has ordered the revenue authority to deliver a final ruling within 60 days on a tax dispute involving Geo Chem Middle East, a Dubai based firm contesting a KES 1 billion demand. The Court of Appeal issued the directive after dismissing Geo Chem’s latestContinue Reading
(NAIROBI, KENYA) – Workers, traders and employers in Kenya risk bank account freezes, asset seizures and PIN deactivation as the Kenya Revenue Authority prepares to launch a crackdown on housing levy defaulters. Changes to the law, which took effect on July 1, allow the tax authority to enforce collection ofContinue Reading
(NAIROBI, KENYA) – The family of former Foreign Affairs minister Munyua Waiyaki has been ordered to surrender four apartments in Nyari it unlawfully took from buyers before renting them out during a long dispute. Rosslyn House Ltd and Rosslyn House Management Ltd, which are co-owned by the former minister’s kin,Continue Reading
(Nairobi, Kenya) – Kenyan roads could soon have dedicated lanes for cyclists and pedestrians after the National Assembly approved the Kenya Roads (Amendment) Bill, 2024, aimed at improving road safety for all users. The bill was passed on Thursday, August 13. It seeks to introduce legal provisions that require roadContinue Reading
(Nairobi, Kenya) – Kenya’s National Assembly has ordered an investigation into QVSE, an online platform offering investment opportunities to Kenyans by combining cryptocurrency payments with trading in United States stocks. Speaker Moses Wetang’ula directed the Finance and National Planning Committee to probe the activities of the platform, which operates underContinue Reading
(NAIROBI, KENYA) – British American Tobacco Kenya has asked the High Court to strike out a KES 4.5 billion claim over its VELO nicotine pouches. The company says the petitioner bypassed remedies provided under tobacco control law. The claim is equal to about $27.8 million or £21.9 million. The companyContinue Reading
(NAIROBI, KENYA) – The Tax Appeals Tribunal has cancelled a KES 780 million tax bill against Bboxx Capital Kenya. The tribunal ruled that the Kenya Revenue Authority failed to prove how it arrived at the disputed tax assessment. The amount is equal to about 4.8 million US dollars or 3.8Continue Reading
(NAIROBI, KENYA) – Businesswoman Mary Wambui Mungai has failed in her attempt to remove the administrator appointed by Equity Bank to run her Glee Hotel Limited. The hotel owes the bank more than KES 7.75 billion, equal to about 47.8 million US dollars or 37.6 million British pounds. The HighContinue Reading
(KYIV, UKRAINE) – Russia is speeding up the creation of a shadow fleet to carry liquefied natural gas ahead of a full European Union ban on Russian LNG imports. The ban takes effect from 1 January 2027. The Foreign Intelligence Service of Ukraine reported the development. It said the KremlinContinue Reading
(WASHINGTON, USA) – United States President Donald Trump is facing a lawsuit over the sale of early access to his posts on Truth Social. The case was filed by the media organisation The Intercept Media and the nonprofit group Freedom of the Press Foundation. Trump Media, the parent company ofContinue Reading
