Kenya’s digital content creators are feeling the squeeze as President William Ruto’s administration implements a new Value Added Tax (VAT) policy on digital services, threatening to undermine the very digital revolution the government has promised to foster. Effective May 1st, 2025, the 16 percent VAT charge on digital services under Kenya’s VAT E-Invoicing and Digital […]
In a landmark ruling delivered on April 11, 2025, the Court of Appeal has directed the Kenya Revenue Authority (KRA) to award a KSh 1.182 billion security services tender to Vickers Security Services Limited, a company reportedly linked to Cabinet Secretary for Health Aden Duale, a close ally of President William Ruto. The three-judge bench […]
In a surprising turn of events, the Kenya National Chamber of Commerce and Industry (KNCCI) Board of Directors on Saturday dismissed the resignation of CEO Ahmed Farah, asserting that his departure was due to the expiry of his probationary period, which concluded on April 17, 2025. On Friday, Farah announced his resignation as KNCCI’s Chief […]
Kilimanjaro Dawa Ltd, a leading Kenyan pharmaceutical company, has filed a lawsuit against the Pharmacy and Poisons Board (PPB), accusing the regulatory body of enabling trademark infringement by a Chinese investor. The investor, who is not a licensed pharmacist, allegedly used a local company, Careplus Ltd, to manufacture 10 of Kilimanjaro Dawa’s products in China […]
Shapo Trading Ltd, a Chinese-owned company based along Mombasa Road, has been thrust into the spotlight following a government crackdown on its alleged illegal importation of harmful cigarette brands into Kenya. The Ministry of Health, in collaboration with the Directorate of Criminal Investigations (DCI), recently shut down a Shapo-linked godown after uncovering 1,716 cartons containing […]
Nigerian Firm Asharami Synergy Granted 31-Year Mombasa Land Lease Without Environmental Study or AG’s Nod—Deal Signed Before Gazette Notice A murky deal granting Nigerian firm Asharami Synergy Ltd a 31-year lease on prime public land in Mombasa has ignited fierce criticism, with allegations of skipped legal steps, ignored oversight, and potential corruption. The lease, intended […]
Cooperative Bank of Kenya and Finsco Africa have signed a Memorandum of Understanding (MoU) that will see the two institutions collaborate to enhance access to financial solutions and drive investment in Kenya’s real estate sector. The MoU between the lender and the real estate development and investment advisory firm seeks to open up new opportunities […]
City transport sacco Super Metro Limited has resumed operations after meeting all compliance requirements set by transport authorities. In a statement released Thursday, the company confirmed it had been officially cleared by the National Transport and Safety Authority (NTSA) and the Transport Licensing Appeals Board (TLAB). “Following a thorough review, we have been officially cleared […]
Kenya has discreetly revived its plan to concession the management of the strategic ports of Mombasa and Lamu, following the suspension of a tender call in November 2023. The Kenya Ports Authority (KPA), with approval from the Treasury, is now advancing a 30-year public-private partnership (PPP) model, with negotiations unfolding behind closed doors, raising speculation […]
The Central Bank of Kenya (CBK) said on Wednesday that it has lifted a nearly decade-long ban on the establishment of new commercial banks in the East African country, effective July 1. The apex bank said in a statement issued in the Kenyan capital of Nairobi that the ban, which has been in place since […]
A company linked to prominent Kenyan billionaire Jaswinder Bedi, Fine Spinners Limited, has been dealt a significant blow by the Tax Appeals Tribunal in a high-stakes tax dispute with the Kenya Revenue Authority (KRA). The tribunal upheld KRA’s decision to impose a higher Capital Gains Tax (CGT) and apply an updated exchange rate on the […]
