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Finances

The slick number games firms are using to avoid tax

In 2016, the taxman put flower grower Van Den Berg through an audit and discovered it had been selling a good chunk of farm produce

Finances

Kenya took Sh4.5bn loan every day for COVID-19

Kenya borrowed Sh4.5 billion every 24 hours in the first three months of the Covid-19 pandemic, in a debt accumulation spree rarely witnessed in any

Finances

SportPesa shifted billions in revenues abroad to pay less tax

Betting powerhouse SportPesa has been sucking revenues out of its lucrative Kenyan market by paying billions of shillings to a software development company it owns

Finances

How will KRA collect Sh500b amid economic dip?

The Kenya Revenue Authority (KRA) will have an uphill task of breaking the spell of Covid-19 on the economy and collect Sh531 billion in taxes.

Finances Food

Workers win big with less tax, cheaper food

The cost of bread, cooking gas, milk, fishing nets, medical products, fertilisers, mosquito nets and agricultural pest control products will not go up after parliament

Finances

The new budget puts treasury on the spot

The National Treasury is once again on the spot for introducing new projects in the Supplementary Budget, contrary to the law. The new projects were

Finances

Covid-19 Emergency Fund Hits Ksh1.2 Billion, who are the donors?

The Kenya Covid-19 Emergency Response Fund has raised Ksh. 1.2 billion towards containing the spread, effects and impact of coronavirus in the country. The Fund’s

Finances

Salary delays in counties a major threat in the fight against Covid19

Several county governments are racing against time to raise funds for medics’ salary arrears to avert go-slows in the fight against Covid19. The counties that

Finances

Kenya debt load surges to Sh6.2 trillion

Kenya’s stock of public debt increased by Sh127 billion in March, with the country chalking up more external loans as it sought to deal with

Finances

Mozzartbet donates Sh10m to help fight COVID-19 in Kenya

Hospitals in 10 counties are set to benefit with medical supplies worth Sh10 million courtesy of a donation from gaming firm Mozzartbet. Mozzartbet Kenya joined