Tag: naivas
Sale Of 30% Stake Haunts Naivas With Billion-Shilling Tax Bill
Naivas Kenya Ltd had filed an appeal at the TAT on 10th June 2022, opposing a tax assessment conducted by KRA subjecting the sale of Naivas International Limited (NIL) to a resident corporation tax of 30%.
Inside Family Feud Rocking Naivas Empire
The company however, faces numerous legal battles involving children of the late Peter Mukuha Kago, the patriarch who died in 2010. Various disputes involving Naivas shares and Kago's estate have been in the courts since 2012.
Naivas Responds After Hacking Incident
Naivas has admitted that has been a victim of a ransomware attack by an online criminal organisation dubbed Threat Actor.
In a statement, Naivas Chief...
Go Big Or Go Home: Naivas Opens Three More Branches
Chain retailer Naivas Supermarket is set to open three new branches before the end of the year, a move set to dwarf other chain...
Details of Naivas Deal That Netted Family Ksh3.8B
It was a massively profitable deal for DEG, IFC, and the PE firms who bought a 31.5 percent stake in Naivas in 2020 for Ksh6 billion only to sell it for Ksh14.37 billion two years later.
Naivas, Quickmart to Close for Elections
Shoppers will still be able to make orders on their e-commerce platform on election day, but no deliveries will be made until the next day.
Naivas Opens 84 Branch In Kayole, Naivasha
Naivas Supermarket is set to open the doors of its newest outlet in Kayole, Naivasha along the Nairobi- Nakuru highway.Â
The opening of the new...
Naivas: Court Dismisses Eldest Son’s Demands
A three-judge Appeal Court bench ruled on Friday, December 17 that Newton failed to prove any flaws in a prior High Court ruling which deemed him not entitled to a stake in Naivas. The High Court ruling had also found that he ran down a retail store handed down to him by their father.
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HEALTH
Whipped and Stripped! A Survivor’s Tale of Harrowing Brutality in a Mental Hospital
The lack of a long-term vision and inadequate resourcing of mental hospital infrastructures continues to take a toll on Kenya’s mentally ill patients.
BUSINESS
Dubai Agency Picks Top Influencer Marketers to Lead Kenyan Operation
This strategic move is in line with indaHash vision to cement its presence in Africa, following its impactful footprint in South Africa since 2017 and successful collaborations with clients like the South African Tourism Board.
SPORT
SportPesa to reward Customers in Cash-Filled Festive Promotion
Running from December 4th to 25th, the SportPesa campaign promises daily excitement with six lucky winners expected to walk away with Ksh5,000 daily.
PERSON OF INTEREST
Captain William Ruto: President’s Namesake With a Decorated Career
Captain William Kipkemboi Ruto is officially known by the name William Ruto, which also happens to be President William Samoei Ruto’s official name.
SMART MONEY
Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies
With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.