Regulation,Tax & Compliance

01/19/2021

Rent, land rates bring Nairobi most revenue

Fire inspection certificate recorded Sh54.9 million from a target of Sh60 million, representing a 91 percent performance although the figure was a Sh3 million decrease from the previous financial year.

01/19/2021

CEOs in tight spot on corporate breaches

In developed economies, breaches in money laundering laws have led to increased deferred prosecution agreements between justice departments and global banks, their executives, and independent board of directors.

01/15/2021

Stanbic IBTC Bureau De Change Discontinues Operations

It added: “The intention is to repurpose this subsidiary for other business venture in the near future, and stakeholders would be duly notified when all engagements have been concluded in this regard.”

01/14/2021

IMF approves Angola’s $ 487m disbursement

At the time of the third review, the Executive Board also approved the authorities’ request for an augmentation of access of SDR 540 million (about $765 million at the time of approval) to support the authorities’ efforts to mitigate the impac

01/13/2021

Foreign investors cut KCB stake to new low

The profile shows that locals have taken up an additional 143.64 million shares between March and November, raising their stake from 61.15 percent in March.

01/12/2021

Lawmakers move to tame heavy borrowing in Kenya

The Private Members Bill introduced in Parliament by Nambale MP John Bunyasi also provides that due diligence be carried out on the government’s debt funded projects in terms of their actual costs and economic returns, to avert further loss of taxpa