BUSINESS NEWS
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Kenya Revenue Authority (KRA) has announced that its officials will start using body-worn cameras as part of its efforts to curb cases of tax cheating and bribery.
KRA Commissioner General Githii Mburu told Business Daily that the cameras will mainly be used by officers attached to the customs and…
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Keroche Breweries has announced it will lay off over 400 employees following its closure by the Kenya Revenue Authority (KRA) over tax arrears.
The Naivasha-based beer manufacturer was shut down on May 15th after defaulting on an earlier agreed plan to repay tax arrears amounting to Sh320 million.…
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London-based global digital payments giant WorldRemit has named Kenya among its top African markets.
On Friday, the company which provides international money transfer and remittance services in more than 130 countries and over 70 currencies published data showing the countries and amount users…
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The Kenya Revenue Authority (KRA) has once again shut down Keroche Breweries Limited over tax arrears.
Keroche CEO Tabitha Karanja says the company was shut down on May 15th after reneging on an earlier agreement to repay tax arrears amounting to Sh30 million.
Addressing the press at the factory on…
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Trade representatives from Kenya and the United States on Monday held further discussions aimed at enhancing trade and investment relations between the two countries.
This followed a meeting between US Trade Representative Katherine Tai and Kenya's Ministry of Industrialization, Trade and…
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Kenya is set to resume miraa exports to Somalia this month following the lifting of a two-year ban.
Somalia’s new President Hassan Sheikh Mohamud agreed to lift the embargo after diplomatic talks with his Kenyan counterpart Uhuru Kenyatta in Mogadishu on Thursday.
Kenyatta was in the Somali capital…
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The High Court has stopped the Kenya Commercial Bank (KCB) from seizing the luxurious English Point Marina Hotel in Mombasa over a debt amounting to Sh4.8 billion.
Justice Dorah Chepkwony issued the restraining order on Wednesday pending the hearing and determination of a petition filed by the five…
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Safaricom and American digital payments company Visa have signed a deal that will allow MPesa customers to pay for goods and services in more than 200 countries.
The deal led to the launch of the MPesa GlobalPay Visa Virtual card that enables subscribers to transact up to Sh150,000 per payment and…
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Azimio La Umoja-One Kenya coalition presidential candidate Raila Odinga has revealed plans to ban the importation of second-hand clothes, commonly known as mitumba, if he ascends to power this year.
Odinga, who is giving his fifth try at the presidency, says his administration will revive the…
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Pwani Oil has temporarily shut down its cooking oil plant due to a shortage of raw materials which it blamed on challenges in accessing dollars to pay suppliers on time.
Pwani Oil Commercial Director Rajul Malde told Business Daily that bankers are only processing half of the dollar requests the…
