A Nairobi High Court judge has issued a mandatory injunction against Kenya Revenue Authority, compelling it to issue Prof. Tom Ojienda his tax compliance certificate. The court has also directed the Law Society of Kenya to accept the professor’s nomination papers without the compliance certificate if KRA fails to comply with the order. Read: Why it is important to be tax compliant This is a reprieve to Ojienda who is seeking for another term as a Judicial Service Commission member. https://twitter.com/NelsonHavi/status/1069955045473574912?s=19 KRA cited an “ongoing dispute” as the reason for declining to issue the tax compliance certificate. According to KRA,…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Safaricom has unveiled Zuri, an artificial intelligence (AI) Chatbot assistant available on Telegram and Facebook Messenger as an innovative way of offering customers a quicker web chat service. “We are continually working to provide the best experience to our customers by investing in technology and products that are designed to give them more choice and control. Zuri will add to the already existing self-care options we have including USSD and mySafaricom app. Using AI, Zuri will be able to constantly evolve and learn from the interactions it has with customers in order to provide accurate responses”, said Sylvia Mulinge, Chief…
The Kenya Pipeline Company Managing Director Joe Sang has resigned. Sang will leave his post in April next year. “The board received and accepted Sang’s letter stating that due to personal reasons he will not be seeking a second term,” chairperson John Ngumi said in a statement on Tuesday. The announcement comes in the wake of alleged irregularities in procurement that led to KPC losing 11.646 million litres worth Ksh 5.956 million in spillage and Ksh 5.69 million to pilferage between March 2017 and May 2018. “The board directed management to accord maximum cooperation to both the Director of Criminal…
Nigeria’s Fatu Ogwuche has joined Facebook London to serve as politics, government outreach manager for Africa. She will be in charge of 48 countries. “Grateful that I get to do the work of my soul, that I get to work with badass folks who are aligned with their purpose. So, as I begin this new adventure with Facebook, I am reminded that I’m surrounded by so much love, great friends, beauty, joy in abundance, and I’m totally totally surrendering to the future,” she says. https://twitter.com/fatuogwuche/status/1069533607792922624 According to her Linkedin page, Fatu is an elections and technology consultant and a Mandela…
Kenyan listed banks recorded a 16.2% average increase in Core Earnings Per Share (EPS), compared to a decline of 9.3% in Q3’2017. According to Cytonn Investments November 2018 highlights, all the banks recorded positive growth except for NIC Group and HF group that recorded declines in core EPS. “NIC recorded a decline of 3.3%, and HF recording a decline to a loss per share of Kshs 0.9 from core earnings per share of Kshs 0.5 in Q3’2017. National Bank recorded the highest growth of 303.2% y/y,” Cytonn Notes. The Central Bank of Kenya during its MPC meeting in November reiterated…
Kenya’s core inflation edged higher in November to 5.8% from October’s 5.5% due to an increase in the pump prices of petrol and public transport fares, data showed on Friday. The Kenya National Bureau of Statistics said on a monthly basis, the consumer price index decreased by 0.18% from 192.60 in October 2018 to 192.25 in November 2018. The year on year food inflation in November 2018 was 1.72%. KNBS further said housing, water, electricity, gas, and other fuels’ Index, decreased by 1.24% in November 2018 compared to October 2018. “The drop was mainly due to lower costs in prices…