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Every day is hard Labour Day for Nairobi bicycle boda boda riders


Every day is hard Labour Day for Nairobi bicycle boda boda riders
May 1st 2021 at 12:00:00 GMT +0300
Bicycles, the iron horse that was for years the village beast of burden and status symbol for the rural rich, mostly teachers and male clergy, quietly morphed into a taxi in western Kenya and Nyanza.
The enterprise spread from the border town of Busia where bicycles were used to ferry goods between Kenya and Uganda before passengers hopped onto the saddle. They became an instant hit for rural dwellers who previously had to traverse long distances on foot in areas not served by public transport. ....

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KRA wins Sh672m tax row in land sale to mall, Safaricom


KRA wins Sh672m tax row in land sale to mall, Safaricom
Friday April 30 2021
By SAM KIPLAGAT
Summary
Tax Appeals Tribunal agreed with the taxman that Ruaraka Diversified Investments failed to pay tax from profits of about Sh1.4 billion earned in three transactions.
Kenya Revenue Authority (KRA) has won Sh672 million from a deal where a private equity firm Actis had sold land where Garden City Mall stands and separate property to Safaricom Plc #ticker:SCOM in 2015.
Tax Appeals Tribunal agreed with the taxman that Ruaraka Diversified Investments, which is associated with the London-based private equity fund, should remit the money to KRA because the company failed to pay tax from profits of about Sh1.4 billion earned in three transactions, after acquiring the land from East African Breweries Ltd (EABL) #ticker:EABL. ....

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