Monday, July 15, 2024
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KRA

SportPesa Founders Cash in $65.2-Million Dividend in Four Years

Founders of the Pevans East Africa, which pioneered betting in Kenya with the SportPesa brand earned dividends totaling Sh7.6-billion ($65.2-million) in the four and a half years to June 2019. Among those who scored big are foreign and local entrepreneurs...

Absa Kenya Returns to Court to Challenge Tax Dispute

The Supreme Court has agreed to hear a case by Absa Bank Kenya challenging a move by the Kenya Revenue Authority (KRA) to collect payments paid to multinational credit card firms such as Visa and MasterCard in royalties. Absa returns...

Kenya to Double Tax Big Tech

Kenya is reportedly planning to impose double tax on giant tech companies like Amazon, Google, Apple, and Facebook which use the internet to market and sell products. According to Business Daily, the country's Treasury has proposed to increase digital tax...

Safaricom Kenya denies KRA access to taxpayers M-Pesa accounts

According to a report published via Business Daily, Kenyan operator Safaricom has rejected the Kenya Revenue Authority's (KRA) request to gain access to its customers' mobile money records. This move, according to the report, prevents the KRA from exposing those...
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Latest News

Innovative AI Partnership Transforms Healthcare Technology

BroadReach Group and BAO Systems- a US-based health IT organization, have signed a collaboration agreement that will expand how...
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