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Tribunal backs KRA tax demands from dividend payouts in dispute

Nairobi, June 9 -- The Tax Appeal Tribunal has endorsed tax liability assessments based on dividend payouts by corporates. This decision would embolden the Kenya Revenue Authority (KRA) to pursue corp... Read More


Court stops CMA summons against Kakuzi directors pending ruling

Nairobi, June 9 -- The Court of Appeal has suspended summons issued against eight directors of Kakuzi Ltd in an investigation by the Capital Markets Authority (CMA) into alleged conflict of interest a... Read More


Bomas escapes bid to attach more bank accounts in Sh104m debt suit

Nairobi, June 8 -- The High Court has struck out a fresh application by Standard Investment Bank (SIB) seeking to attach additional bank accounts belonging to Bomas of Kenya in a bid to recover a Sh10... Read More


State seeks to lift orders freezing Sh204bn Safaricom stake sale

Nairobi, June 4 -- The government has moved to the Court of Appeal seeking to lift orders that froze the sale of a 15 percent stake in Safaricom Plc to the parent firm, Vodacom Group Limited, warning ... Read More


Kenya Railways defends Sh12bn city rail project

Nairobi, June 2 -- Kenya Railways Corporation (KRC) has defended the Sh12 billion Riruta-Ngong commuter metre gauge railway project, arguing that it complied with all legal and procedural requirements... Read More


Cytonn fails to stop auction of Ruaka property in Sh1bn loan dispute

Nairobi, June 1 -- Cytonn Integrated Project LLP has failed in its bid to stop SBM Bank (K) Ltd from auctioning part of its property in Ruaka, Kiambu County, to recover a debt exceeding Sh1 billion. ... Read More


Heineken fights interest on Sh1.47bn Kiuna payment award

Nairobi, May 31 -- Dutch brewer Heineken has moved to the Court of Appeal to challenge the inclusion of interest in a Sh1.47 billion compensation award to tycoon Ngugi Kiuna arising from the terminati... Read More


Stabex to supply Sh458m fuel as Rubis loses case

Nairobi, May 28 -- Rubis Energy has failed to overturn a Sh458 million tender for fuel supply awarded to rival firm Stabex International after the Public Procurement Administrative Review Board (PPARB... Read More


KRC cleared to award tender for Nairobi central station

Nairobi, May 27 -- Kenya Railways Corporation (KRC) has been cleared to proceed with the award of an Sh817 million consultancy tender to Mace YMR LLP for the design and construction of the Nairobi Rai... Read More


Inside the battle between Kakuzi directors and CMA

Nairobi, May 27 -- A long-running dispute between agribusiness firm Kakuzi Plc and the Capital Markets Authority (CMA) has escalated to the Court of Appeal, pitting the company's board of directors ag... Read More