It seems like the word ‘unlimited’  has a very different meaning to mobile service providers in Kenya. This is what Airtel tells you about its Club 10 tariff and the supposed ‘unlimited’ calls: Sourced at: africa.airtel.com But this is what they give you: 60 FREE…

M-PESA now allows you to keep track of your transactions for free

The Communications Commission of Kenya (CCK) has distanced itself with the plan by three mobile operators to have a fixed minimum calling rate within their networks. CCK director general Francis  Wangusi has admitted having talks with Airtel, YU Mobile and…

The Kenya Revenue Authority could soon be taxing all transactions you make on your mobile money account, the tax man has announced. Speaking while releasing the KRA’s third quarter revenue performance Commissioner General John Njiraini said they were considering taxing the transactions to increase their…

Yesterday one of the dailies ran the headline “Investors lose KES 100 million in fresh pyramid-like scandal.” In brief the story is about hundreds of investors who have lost more than KES 100 million in a scheme ran by fraudulent agents working from within a Nairobi-based insurer’s offices. The…

Volumes of tax-free non-malt containerized brands grow by 60% over the past nine months, hurting KRA'S performance in domestic excise duty

Pyramid schemes have been around for at least a century and while a few people have benefited from them, majority have lost significant amounts of money to them. The concept behind pyramid schemes is simple and easy to identify. However, they are often presented…

Several policies, mostly concerning interventions to address the cost of living through reduction of duties and taxes have negatively affected revenue collection. When Kenyans complained of high petroleum prices, the government responded through removing excise taxes on kerosene and reduction of excise duty on diesel. When…

Policy holders at CIC Insurance have lost their investment to the tunes of Shs 100m to a suspected fraudulent scheme connected to agents at the firm. The affected were introduced to ‘Mavuno’, a unit-linked investment plan that was allegedly supposed to yield returns of between 7% and 10% a month.

The Kenya Revenue Authority will now be collecting taxes ‘legally’ after the Finance Bill 2011/2011 was passed. The taxman had been collecting taxes illegally since January of 2012 to date. KRA was collecting taxes in the months preceding January based on the Provisional Collection of Taxes and Duties Act.The provision allows…