Court of Appeal Judges on Wednesday overturned a High Court order compelling the Kenya Revenue Authority (KRA) to issue Prof Ojienda a Tax Compliant Certificate (TCC). If granted, the order would have obligated the Law Society of Kenya to process Prof. Ojienda’s nomination to contest for the Judicial Service Commission elections without the certificate. However, KRA in December 2018 appealed the High Court’s ruling to grant Ojienda a tax compliance certificate over a pending KSh 444 million tax bill. Appellate judges Martha Koome, A.K. Murgor and S. ole Kantai in the Wednesday ruling said they are satisfied with the procedure followed by…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Smartphone brand OPPO has opened its second regional hub within the UAE and will make Dubai its new centre for operations in the Middle East and Africa (MEA) region. The new base will be the company’s hub for Middle East regional sales, distribution and marketing. OPPO will also use the base to deepen technology partnerships with other private and public-sector entities. In the MEA region, OPPO has a presence in Kenya, United Arab Emirates, Qatar, Kingdom of Saudi Arabia, Oman, Morocco, Tunisia, Egypt, Algeria and Nigeria. The hub will also oversee OPPO’s continued expansion in the Middle East with OPPO…
What caused public outcry was the orders that stated the school uniform policy doesn’t indirectly discriminate against female Muslim students but allowing the wearing of the hijab is directly discriminatory to female non-Muslim students.
Chigwell Holdings Ltd, a property development firm synonymous for providing quality, contemporary townhouses, maisonettes and properties for sale has acquired 47 out of 120 acres set aside for residential development at Tilisi mega-city. This opens way for the second phase of development after the completion of its logistics industrial park that sits on 85 acres. Chigwell is set to construct more than 300 homes on the former’s industrial-cum-residential 400-acre mixed-use facility in Limuru. An acre of residential land at Tilisi ranges between Ksh27 million to KSh36 million. Read: Tilisi Completes Phase 1 infrastructure for its Logistics Park “Phase II opens a…
The massive foreign investor outflow from the Nairobi Securities Exchange (NSE) in the last two years now presents a perfect opportunity to invest at the bourse because of the low prices, analysts at investment firm Genghis Capital predict. The analysts, in a report titled ‘Embracing Value’ noted that Kenya is trading at attractive multiples on the back of a massive sell-off in 2018 which saw the NSE 20 share index take a 23.5% beating to close at 2,833 and the Nairobi All Share Index (NASI) decline 16.6%to 86.47 points. “The NSE abounds with value opportunities, including some large-cap foreign investor…
Economic activity in Kenya’s private sector activity slowed slightly in January, partly due to a softer increase in new orders in January according to the Purchasing Managers’ Index™ (PMI™) released on Tuesday. The month recorded a drop in the headline PMI to 53.2, from 53.6 in December, to signal a weaker, but still solid improvement in business conditions at Kenyan private sector firms. “Owing to cyclical factors, private sector activity may soften somewhat over the next couple of months as growth broadly in the agriculture sub-sector eases,” said Jibran Qureishi, regional economist for East Africa at Stanbic Bank. “However, despite…