Future of Work: Offices are Becoming Social Meeting Places

As the debate about the future of the office rages on, more companies and experts now envision a hybrid future, with more time...

BT Correspondent2 Mins read

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Why Sick Kenyans Are Turning to Traditional Herbs to Cure Diseases

Fear of stigma associated with COVID-19 is keeping Kenyans away from hospitals forcing them to resort to traditional herbs, online consultation, and self-medication...

Samuel Gitonga2 Mins read

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KTDA Setting Up Africa’s First Japanese Green Tea Production Factory

The Kenya Tea Development Agency (KTDA) is in the final stages of setting up Africa’s first Japanese specialty green tea production factory as...

BT Correspondent2 Mins read

Billionaire Chris Kirubi. Despite questions over how he built his empire, he advices entrepreneurs on how to make wise investment decisions.

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Kirubi Stalls on Acquisition of Extra Centum Stake

Billionaire businessman Chris Kirubi is holding up on plans to acquire additional shares in Centum Investments after earlier indicating that he would splash...

BUSINESS TODAY2 Mins read

Times Tower, the KRA headquarters in Nairobi.

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KRA Wins Sh1.2bn Suit Against International Communications Firm

The Tax Appeals Tribunal has given Kenya Revenue Authority (KRA) a nod to demand and collect Kshs1.2 billion in taxes from an international communications firm. The tax tribunal at Nairobi dismissed an application by Oxygen 8 East Africa Limited, seeking an extension to file an appeal out of time to contest the tax debt. The tax dispute arises from KRA’s investigation audit against the firm for July 2015 to February 2019 that raised an assessment of Kshs. 1,185,596.692 for withholding tax. The assessment was confirmed via an objection decision on 21st May, 2019. Aggrieved by the KRA’s decision, Oxygen 8 East Africa Ltd filed a Notice of Appeal at the Tax Appeals Tribunal but failed to file a Memorandum of Appeal within time. ...