Author: Khusoko

Kenya business activity witnessed strong improvement in the health of the private sector according to the latest Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) in July. This was attributed to an even sharper rise in new orders, following another strong increase in demand during the month of June. Stanbic Bank Kenya PMI decreased to 54.1 in July of 2019 from 54.3 in the previous month. Any reading above 50 indicates growth. “The rate of growth was above that seen throughout most of the past year, and extended the current sequence of expansion to three months,” reads part of the…

Nancy Muhoya Ng’ang’a will become the new Kenya Managing Partner of Ernst & Young, tax and advisory services firm, the first female East Africa Cluster Leader, to replace the outgoing Gitahi Gachahi retires next year. https://twitter.com/EY_Africa/status/1158674515523702784 “I am proud to announce the appointment of Nancy Muhoya Nganga as the Leader of EY East Africa and the Kenya Country Managing Partner,” said Gitahi. Nganga is an experienced Partner with a demonstrated history of working in the accounting industry. She holds a Master of Business Administration (M.B.A.) focused in Strategic Management from the University of Nairobi.

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…