Author: Khusoko

Equity Bank Kenya, a subsidiary of Equity Group Holdings Plc has appointed its long-serving Director, Gerald Warui as its 4 th Managing Director in its 35-year history. This follows the Board’s acceptance of the resignation of Polycarp Igathe who leaves the position at the end of August. Mr. Igathe will rejoin his previous employer, Vivo, to take up a newly created role as Executive Vice President of Sales and Marketing for Africa. Mr. Warui has served Equity Bank for 21 years. He holds an Executive Master of Business Administration degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and…

Restaurant chain Java House, popular for coffee drinking, has scaled up its expansion strategy by opening its  65th branch on Mbagathi Way, Nairobi. This is in partnership with oil marketer Total Kenya. https://twitter.com/totalkenya/status/1156090780458598400 The Ksh1 billion strategy is aimed at positioning itself as the leading coffee chain in East Africa. “We are pleased to be opening yet another branch. Our goal is to bring the Java House experience closer to our guests who we consider family,” said Expressed Java House Chief Executive Paul Smith.  “Total is also a reputable brand across the region. We have partnered with them successfully at…

Edrington, the makers of The Macallan Whisky, introduced its Triple cask series of Macallan Single Malt Scotch Whisky in the Kenyan market. Jeyfine Wines Co. limited was also unveiled as its official distributor of The Macallan Whisky, with exclusive import and distribution rights to Edrington’s single malt whiskeys in the country. The whiskey has been distributed and is available in most premium outlets in Kenya since 2012. Sanele Gwala, Regional Marketing Manager – Africa at Edrington, said in 2018 The Macallan transformed from the non-aged 1824 series to the new aged Triple Cask Matured Macallan series of 12-year-old, 15-year-old and…

Taxpayers registered for the Added Tax obligation more often find themselves in a refund position during their transactions. A refund position, as the phrase suggests, means that the taxman owes a taxpayer some money. A taxpayer could end up in a refund position because of many factors. The key and the most common factor that puts them in this position is excess input tax resulting from zero-rated supplies. A taxpayer could also end up in a refund position from overpayments or credits resulting from the withholding VAT system as well as taxes paid in error. VAT paid on bad debts…

The Kenya Intellectual Property Rights Office has been directed to offer free patents to viable innovations with respect to all innovations that have emerged from the Young Scientists Kenya (YSK) Exhibitions, since 2018. President Uhuru Kenyatta made the directive on  Saturday, August 3, when he presided over the official opening of second YSK exhibition at Kenyatta International Conference Center (KICC). He said the country’s future lies in scientific innovations and called for concerted efforts by all stakeholders to ensure that transformative innovations are adequately safeguarded. “Further, and to encourage linkages with industry, I similarly direct a waiver of trademark fees…

Safaricom is offering 50 per cent discount for its Home Fibre packages, for the next two months, August and September 2019, to all its new customers. Chief Executive Officer Michael Joseph, said this was in line with the telco’s quest to offer high-speed broadband accessibility at affordable prices. “As a result, we have designed the 50 percent discount to appeal to those who would like to experiment and try out the service,” said Michael Joseph in a statement on Monday. “We continue to record remarkable growth driven by demand for unlimited entertainment, working at home, home CCTV among other emerging…