[ad_1] Warren Buffet, Billionaire investor and CEO Berkshire Hathaway Investor Warren Buffett has confirmed that Berkshire Hathaway’s vice-chairman, Greg Abel, will succeed him as chief executive....
[ad_1] President Samia Suluhu and her host President Uhuru Kenyatta meet Kenya-Tanzania business leaders at Serena Hotel, Nairobi. Kenya and Tanzania have agreed to eliminate barriers...
[ad_1] Businesses that incur financial losses due to power blackouts will receive compensation from Kenya Power if proposed regulations by the energy regulator are adopted. The...
[ad_1] I&M holdings has completed the purchase of 90% ownership in Orient Bank, a Uganda based commercial bank. In a public statement dated 30th April 2021,...
[ad_1] Angela Kyerematen-Jimoh, Regional General Manager for IBM North, East and West Africa By Angela Kyerematen-Jimoh The past year has been very challenging, from the stress...
[ad_1] Kenya Revenue Authority (KRA) has Issued a warning to more than 62,000 Kenyans that they risk losing their personal identifications numbers (PINs). In a 1300...
[ad_1] Allianz, one of the world’s leading insurers and asset managers has become the majority shareholder in Jubilee General Insurance Limited in Kenya. This follows the...
[ad_1] Three people have been charged before the Milimani law court Chief Magistrate Francis Andayi with several counts of tax frauds amounting to KShs.12.5 million. Victor Olingo Odhiambo, Rodgers Otieno Odhiambo and Moses Thure Odhiambo all directors of Remarc Logistics Limited, a clearing agent are jointly accused of making false cargo entries with lowered tax values to avoid paying required customs taxes while clearing goods. The Kenya Revenue Authority (KRA) established that the accused persons made eleven entries between 2015 and 2019 while acting as clearing agent on behalf a company that imported goods between the said dates. The three were given genuine invoices to lodge Import Declaration Forms (IDF) and later lodge entries for customs clearance of the consignments. However, they prepared lower value invoices with an intent to lower the tax liability without the knowledge of appointing company. They then cleared the consignments but billed the company using its genuine invoices, defrauding the Commissioner of Customs KShs. 12,544,635 in duties and taxes. The first eleven counts of the case involves making entries that are false in material particulars which a violation of section 203(a) of the East Africa Community Customs Management Act, 2004. They are also jointly charged with a count of fraudulent evasion of the payment of any duty contrary to section 203(e) of the same Act. Rodgers Otieno Odhiambo and Moses Thure Odhiambo both denied the charges and were granted a bond of Kshs. 400,000 with one surety or cash bail of KShs.200,000 each. Plea for the first accused, Victor Olingo Odhiambo and their company is deferred. The case will be mentioned on 13th May 2021. Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across...
[ad_1] United Aviation Solutions (UTD) and the African Airlines Association (AFRAA) have launched the Brown Condor Initiative (BCI) aimed at providing a platform for AFRAA members...
[ad_1] Octagon Africa has appointed Godwin Simba as its new Group Executive Director of Strategy and Product Development to drive product development and innovation within the region....