The Kenya Revenue Authority (KRA) has secured a major victory in a long-standing tax dispute involving the sale of shares in Naivas Supermarket. The Tax Appeals Tribunal (TAT) ruled that Gakiwawa Family Investments (GFI), the Mauritian-based holding company for the retail giant, is a tax resident of Kenya, making its offshore share deals liable for … Read more
You’ve probably seen the bright red canopies popping up everywhere from the heart of Westlands to the dusty stretches of the Namanga border. It felt like one morning we woke up and every KenolKobil or Gulf Energy station had simply… blushed. But if you think a Rubis petrol station is just a French brand that … Read more
Safaricom has issued a clarification explaining why M-Shwari is legally allowed to recover defaulted loans using funds held in a customer’s M-Shwari savings account. The clarification follows widespread complaints from Kenyans who reported that their M-Shwari savings were locked or unexpectedly deducted, raising public concern and debate on social media. According to Safaricom and its … Read more