DIB Bank in a 4.3 b expansion strategy into the Kenyan market

Kamukunji MP Yusuf Hassan Abdi cuts the ribbon to officially open the DIB Bank Kenya Eastliegh Branch. Looking on are the DIB Bank Kenya Board Director Michael Murphy and CEO Peter Makau.   Dubai Islamic Bank (DIB) is investing 4.3 billion for expansion in their business in Kenya. This comes after the bank registered a 665 million loss in their first year of operation in the country. DIB Bank Kenya, which offers exclusively Shariah Banking services, launched a new branch in Eastleigh as the bank starts to implement an expansion…

Tax agents charged for aiding tax evasion

Three tax agents were today charged at a Mombasa court for aiding two companies to fraudulently reduce their Value Added Tax (VAT). The two were charged alongside directors of the two companies. The tax agents from Ogot &Associates, together with directors of Gaab Transporters Limited and Samumu Construction Services were charged with several counts in two separate cases. They appeared before Mombasa Senior Resident Magistrate Christine Ogweno. In one of the cases, the accused persons, Mohamed Moalin Mohamed, a director of Gaab Transporters Limited as well as Wilson Ogot Owera,…

KRA wins case against Dubai firm seeking to stop collection of KShs 2.3 billion tax debts

The High Court in Nairobi has ruled in favour of KRA in a case filed by a Dubai based company seeking orders to stop KRA from collecting KShs 2.3 billion in tax debts from its affiliate company registered and operating in Kenya. Justice Pauline Nyamweya on 23rd September 2019 ruled in favour of KRA and struck out a Judicial Review filed on 28th July 2018 by   United Arab Emirates registered firm, Suzan General Trading JLT. Suzan General Trading JLT had sought among others an order to stop KRA from enforcing the warrants…

Ships ferrying second hand vehicles to hit port next week

By Tobby Otum Two ships with second hand vehicles are expected to dock at the port of Mombasa by end of  this month. According to Kenya Ports Authority [KPA] Corporate Affairs Development – E- Document Officer Soud Kajembe the vessels are expected to dock by next week. He said according to the dispatch on the authority’s daily shipping updates the MV Swift Ace and MV Orion will dock and discharge the vehicles. “One of the ships, MV Pilion, will be discharging bulk of wheat  and  MV African  Sanderling will discharge Imente Sand at the port of Mombasa at…

Four Kenyans qualify for global leadership programme in UK

Winners will travel to the UK to undergo advanced leadership training at the Møller Institute, University of Cambridge and will meet with British MPs and inspirational global leaders. Four young Kenyans were declared winners in the final selection for the British Council’s Future Leaders Connect Programme 2018 held at University of Nairobi on Thursday 8th, August 2019. Sharon Adhiambo, Nafula Wafula, Alphaxard Gitau and Dr. Phyllis M. Maina Won these years Future leaders connect initiative. The initiative that is run by the British Council – the UK’s international organisation for…

MTF EAST AFRICA ACADEMY HOSTS INAUGURAL CLASS’ FILM SCREENINGS!

MTF Class of 2018 to showcase two film productions at a star-studded event Roll out the red carpet, the future of Africa’s film industry has arrived! Today MultiChoice Talent Factory (MTF) will toast to a year of exciting training for its inaugural MTF East Africa Academy Class of 2018, at a star-studded film-screening of the students’ highly-anticipated film productions titled, Ensulo and Promises! The two films are a culmination of the MTF Academy students’ one-of-a-kind training programme from MultiChoice Africa’s inaugural corporate shared value (CSV) initiative and will be screened…

FIXING NAIROBI: City under the sun regaining its lost glory

When he was sworn in as the Governor of Nairobi back in August 2017, not so many people had slightest of believe in Mike Mbuvi Sonko transforming the City. His predecessor, Dr Evans Kidero had by no doubt proved to be a big let down to the thousands of voters who had faith in him- owing to his cooperate world experience and outstanding education background. Two years now since the flamboyant Sonko took over, there is growing hope that the City under the sun will be great again. The beautification…

Valon lotion now in Kenya

Indian conglomerate Godrej Consumer Products Limited has launched Valon Body Lotion in Kenya, a first for the global company. Godrej Chief Executive Officer Mr. Rohit Vengurlekar said that the launch of Valon Body Lotion is part of the company’s commitment in providing East African consumers with superior quality products at great price points. READ ALSO: Greenpeace launches new tree planting initiative for school children “We have invested heavily in the Valon Body Lotion’s research and development to deliver superior skin care products at a great value for the Kenyan consumer,” said…

Cytonn hands over phase 1 of the Alma in Ruaka

Cytonn Real Estate has officially handed over The Alma Phase 1, its flagship residential development in the Ruaka town. The Alma is the most recent project to be handed over by Cytonn following last year’s completion and handing over of Amara Ridge in Karen. Phase 1 is 100% sold out. In giving her opening remarks, Yvonne Ondego, a Project Management Associate at Cytonn Real Estate noted that, “Recently, comprehensive developments have been growing in popularity because they provide an enriched living environment that caters to all the needs of its…