Subru Motors Limited to pay Kshs.181 million in taxes

The Tax Appeals Tribunal has dismissed an application filed by Subru Motors Limited seeking stay of collection of taxes amounting to Kshs. 181,406,247 found due by the Tribunal. Subru Motors Limited had sought intervention of the Tribunal to order for stay of execution of its judgement delivered on 10th July 2020, which was in favour of KRA. The Taxpayer had argued that the Tribunal has jurisdiction to order for stay of its own judgement and relied on principle of equity as well as Section 18 of the Tax Appeals Tribunal Act, 2013. KRA…

Isuzu and Family Bank partnership to finance institutions 100%

Dubbed Isuzu Strong, Kenya Strong, the asset finance agreement between Isuzu East Africa and Family Bank, is designed to cushion SMEs from the economic slow-down caused by Covid-19.  The partnership will enable Small and Medium-Sized customers in the agribusiness, trade and logistics businesses to conveniently purchase Isuzu pickups and trucks at competitive interest rates. Schools and churches will be able to access 100 per cent financing while PSV owners can access up to 80 per cent financing. The loan will be payable within 60 months accompanied with a 90-days repayment…

UD Trucks Make a comeback to the East African market

UD Trucks has long been a major player in the Eastern African market. Yet 2020 is set to be a landmark year for the Japanese brand that is fully owned by the Volvo Group, as it rolls out ambitious new plans for its operations in Kenya. CMC Motors Ltd, a motor dealer with a rich legacy spanning over 70 years in Kenya and the regional market is the dealer of choice appointed by UD Trucks to continue with the dedicated development, advancement and expansion of the brand both locally and…

Emirates to allow customers change destination due to Corona virus

Emirates Airlines has introduced waiver policy for all booked tickets issued from 7 March until 31 March 2020, allowing customers across its network to change their travel dates without change and reissuance fees. The move provides Emirates’ customers with an option to change their travel plans due to the evolving COVID-19 situation. Customers can change their booking to any date for travel within an 11 month date range in the same booking class without change penalties. Difference in fare, if applicable applies. The policy covers all existing destinations across the…

GAUGING THE ECONOMIC WAVES OF CORONAVIRUS ON KENYA

The Kenya Private Sector Alliance (KEPSA), the apex body of the private sector in Kenya, this morning resolved to engage all its members to begin to calculate the projected economic impact of Coronavirus in each sector. The collated input will inform the development of a rapid response mitigation plan to minimize the impact of the outbreak on the Kenyan market. It will also allow the private sector to measure the impact of the expected global slowdown of trade on Kenya. KEPSA is encouraged by Executive Order No 2 ofhttps://www.expresstoday.co.ke/?p=2932&preview=true 2020…

Family Bank clienteles to befit from 100% vehicle cash deal

Family Bank has entered into a partnership with Simba Corporation Limited in a deal that will see customers receive up to 100% financing to purchase vehicles. This partnership will enable Small and Medium-Sized customers in the agribusiness, trade and logistics businesses to conveniently purchase Fuso trucks, Mitsubishi and Mahindra products at competitive interest rates. Business owners in the agribusiness sector and the education and religious institutions will be able to access 100% financing with a five-year repayment period while other business enterprises access 95% financing repayable in a period of…

Customs self-regulation can transform our national revenues and benefit every consumer

By W. Wanda Problems that are hurting millions are rarely impossible to solve, with a case in point being Kenya’s severe issues in collecting customs duties correctly and clearing imports into the country through its ports in a timely and efficient manner. As it is, efforts have been made by multiple stakeholders to speed and make accurate our international trade. KenTrade has provided an information portal and its single window system as technology aides. The president has cleared more than 20 agencies from the ports with defined delineations of responsibilities for…

Startimes land deal to air Formula E Championship

The ABB FIA Formula E Championship has  announced that StarTimes will show all remaining races of the current season live across its linear and digital channels in Africa. The new broadcast partnership will see the electric street racing series screened in 37 countries across the African continent, including South Africa, Uganda, Nigeria, Kenya and Tanzania. StarTimes has a strong presence in Africa and will provide comprehensive coverage of Formula E on their flagship channel StarTimes Sports Premium, as well as featuring on the StarTimes ON OTT platform. Hugo Lavell, Head of Media…

Changes taking place within Kenya’s haulage industry

Trucks lose sometimes up to 40% of their time waiting for cargo. Without efficient and effective transport, economies stagnate CNN Eleni Giokos explores the changes taking place within Kenya’s haulage industry to streamline the process of transporting goods across the continent. Infrastructure challenges can often lead to long delays at the Port of Mombasa. Marketplace Africa writer meets truck driver Andrew Kiingi who frequently waits two days at the port for his cargo to be released. He speaks about the process,  “You have to do that waiting. It’s part of…

Little Boda grows footprint to Nakuru

Ride-hailing company Little Cab, has launched its Boda Boda and Car products in Nakuru. Little’s clients can now enjoy a safe, convenient and affordable way of moving in and around Nakuru with minimal hassle and at affordable rates. The launch of Nakuru operations by Little comes only three weeks after a successful launch of LittleBODA product in Mombasa. The launch of Nakuru operations are in line with Little’s bigger plans of expanding its operations across the country in the short term and across the continent in the long term, thereby…