Author: David Indeje

Kenyan Premier League club AFC Leopards defeated Sofapaka with a goal margin of 3-0 in the FKF-Premier League match played at Kasarani Stadium Saturday. Leopards are now at the top of the table thanks to Elvis Rupia who scored 3 goals taking his tally to six from three matches. https://twitter.com/AFCLeopards/status/1337778158750330883?s=20 League champions, Gor Mahia defeated Ulinzi Stars 1-0 at Nyayo National Stadium with a goal from Jules Ulimwengu.  Tusker FC was triumphant at Moi Stadium, Kisumu. The brewers registered their first win of the season defeating Western Stima 5-2 at Moi Stadium.   FKF Premier League FT: AFC Leopards 3-0 Sofapaka…

Kenya Revenue Authority (KRA) has gazetted the Income Tax (Digital Service Tax) Regulations, 2020 that will govern collecting of tax from online firms and services accrued from online. Kenya’s Digital Service Tax will come into force on the 2nd of January 2021. According to the regulations, the digital service tax shall be imposed on the gross transaction value of the service. Kenya currently has a 1.5 per cent digital tax policy on the value of online transactions, as provided in its Finance Bill 2020. Digital services which digital service tax shall be applicable include Downloadable digital content including downloading of…

The International Court of Justice on Friday ruled in favour of France on the limits of an African diplomat’s immunity. ICJ’s pronouncement relates to President Teodoro Nguema Obiang’s £118 million Paris mansion involved in a corruption investigation which Equatorial Guinea had claimed it being diplomatic property. According to Reuters Africa, the Obiang property, bought for 25 million euros in 2005, had 101 rooms, a gym, hair-dressing studio, disco, and a cinema. However, “The court finds that the building at 42 Avenue Foch has never acquired the status of the mission of the Republic of Equatorial Guinea in the French republic,”…

Former Commissioner, Jedidah Wakonyo Waruhiu is the 2020 Jurist of the Year. Wakonyo an Advocate of the High Court of Kenya was recognised by the Kenyan Section of International Jurists (ICJ) for her work in building the capacity of paralegals in the country. The Jurist;’s organisation said It holds Jedidah with pride, joy, and dignity and, most of all, with an appreciation for her commitment to advancement, the rule of law, and human rights in Kenya. “The 2020 Jurist of the year has been praised by her peers, colleagues, partners, friends, ICJ Kenya fraternity. Our Jurist footprints have also been recognized…

Regional based insurance firm UAP Holdings has proposed to merge its life insurance business with the life insurance business of Old Mutual Life Assurance as part of its internal restructuring of the Group.   According to the proposal, UAP Holdings will acquire shares in Old Mutual through its subsidiary UAP Life Assurance Limited and Old Mutual Assurance Company resulting in a single ‘unified insurance business’. “UAP Old Mutual Group is confident that the restructuring will ensure the group realises increased efficiencies from consolidating the Kenyan business of UAP Life and OMLAC, while achieving a simpler group corporate structure,” said the Board.…

Moody’s Investors Service says an upward rating pressure on the Kenyan banks’ ratings is limited given the negative outlook. The rating agency said in a statement on the latest ratings of 32 banks across 10 African countries: Angola, Democratic Republic of Congo, Egypt, Ghana, Kenya, Morocco, Nigeria, Tanzania, Tunisia and Uganda. In Kenya, the banks that were focused on include Co-operative Bank of Kenya Limited,  Equity Bank (Kenya) Limited, and KCB Bank Kenya Limited. The banks’ outlook could change back to stable if the sovereign rating outlook is changed back to stable, Moodys said in a statement. However, if it…