Business Daily Africa

The Petroleum Ministry is on the spot for failing to recover Sh2.3 billion in fines, penalties and levies due from oil exploration companies.

[By DOMINIC OMONDI](/bd/economy/kra-nets-sh9-07-billion-in-tax-amnesty-initiative--4073608) [By ELIZABETH KIVUVA](/bd/economy/little-known-vinyl-floor-firm-shines-at-nse--4073676) [By LYNET IGADWAH](/bd/economy/private-schools-hit-middle-class-with-sharp-fees-increase--4073650) [By DOMINIC OMONDI](/bd/economy/tanzania-takes-on-kenya-with-sh271bn-sgr-link-to-drc--4073636) [Treasury diverts another Sh2bn for fuel subsidy](https://www.businessdailyafrica.com/bd/economy/treasury-diverts-another-sh2bn-stabilisation-levy-3708358) The Exploration and Production Act provides for the establishment of the Petroleum Training Levy Fund for training Kenyans on petroleum operations.

An Indian drug manufacturer has won a trademark battle with a Kenyan firm after the High Court ruled that the local company had infringed on its rights.

[By DOMINIC OMONDI](/bd/economy/kra-nets-sh9-07-billion-in-tax-amnesty-initiative--4073608) [By LYNET IGADWAH](/bd/economy/private-schools-hit-middle-class-with-sharp-fees-increase--4073650) [By DOMINIC OMONDI](/bd/economy/tanzania-takes-on-kenya-with-sh271bn-sgr-link-to-drc--4073636)

At the start of every year, people make resolutions. This year will be no expectation.

Then working for a German international organisation, we partnered with a youth organisation to train the next set of political leaders for Kenya. Not all who were part of agenda 2020 are at the pinnacle of leadership. I left the organization over a decade ago. The consequence is purpose in life. At the start of every year, people make resolutions. This way every year we will just draw action plans derived from those long-term targets.

Several multinationals are battling court cases in Kenya whose outcome is highly awaited this year because of the risks they carry on their operations.

The arbitration matter was later withdrawn according to court documents. He has sued French firm Cebra Healthcare and Lancet Service Company of South Africa, demanding his payout as a founder of the Kenyan wing of the laboratory firm, which returned a profit of Sh306 million in 2020 on sales of Sh1.6 billion. The association wants the court to interpret and determine whether sections 5(l), 32(3)(b), 32(4), 34(3)(b), 34(4)(5)(6), 36(1),48 (1) and 53 of the Tea Act is constitutional. The joint venture, however, did not include operations in South Africa. He says the post on Facebook profiled and accused him of associating with TPLF. The workers on their part argue that the petition is part of the wider plan by the company to frustrate their case in Scotland. He was employed as a moderator by Meta’s local outsourcing company — Samasource Kenya EPZ ltd. The company through its director, Bulent Gulabahar- lodged a complaint with the DCI and the DPP, accusing Nokia of using false information in a case that was pending before the ICC Court of Arbitration pitting the two firms. The company wants the court to issue a permanent injunction barring the former and current workers or their agents from proceeding with the cases in Scotland. The company with Scottish roots wants the court to issue a declaration that the Director of Occupational Health and Safety Services in Kenya is the one to deal with work injury claims arising within the country in line with Article 159 of the Constitution and Section 16 of the Work Injury Benefits Act. According to James Finlay, the decision of the workers to institute the proceedings before the Scottish Court of Sessions, alleging violation of their rights, is an affront to the constitution and the sovereignty of Kenya. A ruling on whether the case can proceed after Meta challenged the jurisdiction of the High Court to determine the matter will be made in February.

The public procurement watchdog has dismissed a petition by Burhani Engineers Limited challenging the award of a Sh152 million tender.

[By DOMINIC OMONDI](/bd/economy/kra-nets-sh9-07-billion-in-tax-amnesty-initiative--4073608) [By LYNET IGADWAH](/bd/economy/private-schools-hit-middle-class-with-sharp-fees-increase--4073650) [By DOMINIC OMONDI](/bd/economy/tanzania-takes-on-kenya-with-sh271bn-sgr-link-to-drc--4073636)

Kevin Mwangi, a fitness consultant has dedicated 20 years of his life to educating, empowering, and motivating his clients toward leading a healthier and ...

The first category is the weight gainers which are suitable for people who want to gain weight and build muscle mass. There is no point in trying to build muscles and then ending up ruining some of your body organs," says Kepha. For the body-building supplements especially for those looking to build muscles, Kepha says, before taking medication one should first get quality rest and enough sleep. Once we boost the iron levels, we get rid of the supplements and focus on the natural ways to get all the nutrients that they need by prescribing a meal plan.” He, however, notes that there are people who need supplements as a short-term measure. “You can also use body supplements to increase your performance at the gym,” says Kevin. People are taking a lot of processed foods which have very little to no nutrients." Kepha Nyanumba, a registered nutrition consultant advises people to go for regular body assessments to better understand their bodies. There are five categories of body supplements. "A person who is looking to lose weight should focus on high-intensive exercises so that they can burn calories. He helps his clients in two ways: Body assessment and fitness consultation. "I help my clients understand the science behind exercising so that they can embrace the fitness journey with less frustration.

A new year is an end to a past most people want to forget and a beginning to endless possibilities that most people want to remember.

The truth is malleable, and many people are in the business of hammering the truth to suit their imagined realities. In the end, a new regime came to power. When the queen died, it was to many people, a sad thing. The frequency of previous strikes in one place is not a determining factor. Weeks after that regime came to power even before the ink on the assumption of office chatter dried, the queen of the United Kingdom died. You could be Morocco—a team nobody paid attention to before the start of the tournament—and walk all the way to the semi-finals. The other lesson here is that you make the rules(mostly). That the truth is fluid to so many people. You could be a tournament favourite and then fail to make it past the group stages. The most valuable lesson we could take from this event is that you could be anything you want. Maybe move houses, start new businesses, or chart a new financial path, but it has nothing to do with the calendar. It is a trick we all play ourselves into.

It's impossible to capture the totality of vibrant energy expressed on stage in 2022.

Mulwa holds a special place in the heart of practically all the students he’s ever taught at KU. Dance Centre Kenya’s Nutcracker ballet also worked with the live orchestra of Ghetto Classics conducted by Levy Wataka this year. For instance, Bhalla-Lucas may not consider herself a playwright, but her carefully-crafted psychological profiles of characters who were challenged emotionally during the pandemic were masterful, delicate, and deep. But in addition to all of these, there were also amazing shows based on sheer storytelling. We saw scads of comedy coming from the usual suspects, namely Heartstrings Entertainment and Crony Players as well as from Aperture Africa and the Man-Made Woman, Esther Kahuhi. It’s impossible to capture the totality of vibrant energy expressed on stage in 2022.

It feels lovely to receive fresh flowers, so you would want to keep blooms alive and looking vibrant for as long as possible.

Just one penny on the bottom of the vase will help your tulips open up. Just add a new packet to your vase whenever you change the water. One of the largest deterrents to fresh-cut flowers is bacteria. You can re-trim the stems whenever you change the water. Just because the florist hands you a bunch of peonies on long stems doesn't mean they should be put in a tall vase. It is important to remove any leaves that will fall below the water line to prevent bacterial growth.

When we think of an entrepreneur, we think of someone who is unafraid to take risks, and who then draws massive rewards from their risk-taking.

This they do most affordably, and at a competitive price. Launching your product before anyone else is a good step, but a good next step is to scale your business quickly before competitors outpace you. This is why business sectors that are saturated struggle to make sensible profits. Well if you were, then whence would be the risk-taking? Some businesses start from reckless risk-taking, which is wasteful. Not all risks are rewardable, which is what makes the entrepreneur win particularly lucrative.

The Kenya Revenue Authority has gone to the Supreme Court in a bid to overturn a ruling that declared the minimum tax unconstitutional.

[By LYNET IGADWAH](/bd/economy/private-schools-hit-middle-class-with-sharp-fees-increase--4073650) [By DOMINIC OMONDI](/bd/economy/tanzania-takes-on-kenya-with-sh271bn-sgr-link-to-drc--4073636) [By DAILY MONITOR](/bd/news/east-africa/uganda/kampala-malaba-railway-upgrade-set-to-complete-february-4074628)

The rehabilitation of the $301 million Kampala-Malaba metre gauge railway line is near completion with 95 percent of the work done, Chinese contractor said.

[By JOHN MUTUA](/bd/economy/kra-takes-minimum-tax-battle-to-supreme-court-4074700) “We shall be able to hand over the project in February as planned because the remaining five percent (28km) is too small. “Vandalism is not only about taking slippers or rails, but also stones.

The energy regulator is mapping homes and businesses that are illegally generating electricity for sale as it prepares for a crackdown that will see those ...

[By JOHN MUTUA](/bd/economy/kra-takes-minimum-tax-battle-to-supreme-court-4074700) [By DOMINIC OMONDI](/bd/economy/kenyan-exporters-earn-billions-in-exchange-gains-in-q3--4074542) [By SAM KIPLAGAT](/bd/economy/mixed-bag-for-court-set-up-to-fast-track-small-claims--4074724)

The High Court has struck out a case filed by shareholders of collapsed lender Chase Bank accusing audit firm Deloitte & Touche Kenya of professional ...

That the claim based on tort or breach of statutory duty is barred by the statute of limitations as I have demonstrated,” the judge said. The audit firm also opposed the case and argued that any loss or damage which the shareholders may have suffered is reflective of the loss or damage which Chase Bank may have suffered. Chase Bank shareholders’ Deloitte case thrown out [Companies](/bd/corporate/companies)

Counties spent 43 per cent of their revenues in 2020/2021 on wages, operations and other personal emoluments, making it another year they breached the set ...

[By JOHN MUTUA](/bd/economy/kra-takes-minimum-tax-battle-to-supreme-court-4074700) [By DAILY MONITOR](/bd/news/east-africa/uganda/kampala-malaba-railway-upgrade-set-to-complete-february-4074628) [By DOMINIC OMONDI](/bd/economy/kenyan-exporters-earn-billions-in-exchange-gains-in-q3--4074542) [By SAM KIPLAGAT](/bd/economy/mixed-bag-for-court-set-up-to-fast-track-small-claims--4074724) “The county governments are projecting unrealistic figures which need to be rectified. [Counties pay exceeds salaries in companies](https://www.businessdailyafrica.com/bd/economy/counties-pay-exceeds-salaries-in-companies-3809950)

The founders of I&M Group have bought Nairobi Business Park, marking their latest major investment in the country.

[By DAILY MONITOR](/bd/news/east-africa/uganda/kampala-malaba-railway-upgrade-set-to-complete-february-4074628) [By JOHN MUTUA](/bd/economy/kra-takes-minimum-tax-battle-to-supreme-court-4074700) [By DOMINIC OMONDI](/bd/economy/kenyan-exporters-earn-billions-in-exchange-gains-in-q3--4074542) [By SAM KIPLAGAT](/bd/economy/mixed-bag-for-court-set-up-to-fast-track-small-claims--4074724) [Kihara Maina takes over as I&M Bank's regional boss](https://www.businessdailyafrica.com/bd/corporate/companies/kihara-maina-takes-over-as-i-m-bank-s-regional-boss--4053958) Chase Bank shareholders’ Deloitte case thrown out [Companies](/bd/corporate/companies)

The Board of Kenya Railways Corporation (KRC) quietly extended the term of managing director Philip Mainga.

[By DOMINIC OMONDI](/bd/economy/kenyan-exporters-earn-billions-in-exchange-gains-in-q3--4074542) [By SAM KIPLAGAT](/bd/economy/mixed-bag-for-court-set-up-to-fast-track-small-claims--4074724) “There is no need for the railway to be taken to the bush.

Private equity firm Kuramo Capital plans to invest up to Sh1.1 billion in TransCentury's ongoing rights issue.

[By DAILY MONITOR](/bd/news/east-africa/uganda/kampala-malaba-railway-upgrade-set-to-complete-february-4074628) [By JOHN MUTUA](/bd/economy/kra-takes-minimum-tax-battle-to-supreme-court-4074700) [By DOMINIC OMONDI](/bd/economy/kenyan-exporters-earn-billions-in-exchange-gains-in-q3--4074542) [By SAM KIPLAGAT](/bd/economy/mixed-bag-for-court-set-up-to-fast-track-small-claims--4074724) [Lossmaking TransCentury seeks Sh2bn from rights issue](https://www.businessdailyafrica.com/bd/markets/capital-markets/lossmaking-transcentury-sh2bn-from-rights-issue-4021144) [Kuramo invests Sh535m more in Centum-owned fund manager](https://www.businessdailyafrica.com/bd/markets/capital-markets/kuramo-invests-sh535m-more-in-centum-owned-fund-manager-2295914)

The Small Claims Court (SCC) is a specialised court that was created by statute with specific duties and powers designed to hear disputes involving small ...

It is only the Milimani SCC that has staff attached to it. [Benefits of using the small claims court ](https://www.businessdailyafrica.com/bd/lifestyle/personal-finance/benefits-using-the-small-claims-court-3419690) She added that the operationalisation of the SCCs is hampered by an acute shortage of staff to serve in the registries and administration. The powers of the court The simplicity of the court requires the adjudicators (magistrates) to adopt simple procedures in the hearings and measures that ensure timely disposal of cases using the least expensive method, equality and fairness of the process. The Small Claims Court (SCC) is a specialised court that was created by statute with specific duties and powers designed to hear disputes involving small amounts of money (below Sh1 million).

Chicken was the most bought item on the Bolt Food delivery platform with over 30000 orders in the year that ended in December 2022.

[By DAILY MONITOR](/bd/news/east-africa/uganda/kampala-malaba-railway-upgrade-set-to-complete-february-4074628) [By JOHN MUTUA](/bd/economy/kra-takes-minimum-tax-battle-to-supreme-court-4074700) [By DOMINIC OMONDI](/bd/economy/kenyan-exporters-earn-billions-in-exchange-gains-in-q3--4074542) [By SAM KIPLAGAT](/bd/economy/mixed-bag-for-court-set-up-to-fast-track-small-claims--4074724) [Chicken tops online food orders in Nairobi](https://www.businessdailyafrica.com/bd/corporate/companies/chicken-tops-online-food-orders-in-nairobi-3696320) “In the meal delivery segment, the number of users is expected to amount to 25.1 million users by 2027,” Statista said in its review of the business in the local market.

In the second quarter of 2016, Fidelity Commercial Bank was experiencing a worsening liquidity crisis.

In its defence, CBK says that it is not a party to the share purchase agreement between SBM and the former Fidelity shareholders. The multinational’s representatives added that Fidelity’s former owners were also informed of the status of the bank’s financial position as provided for in the agreement. In its 2017 annual report, SBM disclosed that it bought a 99.99 percent interest in Fidelity for a consideration of 35 Mauritian rupees (Sh100) “plus a contingent consideration.” SBM has not made any payment to the Khimji group in breach of their agreement, the plaintiffs say in the court papers. The legal battle will unravel the roles, claims and counterclaims by three key parties –SBM, former owners of Fidelity and the Central Bank of Kenya (CBK). The negotiations culminated in SBM’s buyout of Fidelity for Sh100 in a controversial transaction that is now before the High Court.

A 31-year-old trader has been charged with falsely obtaining more than Sh12.5 million from a man based in the US.

He is not a flight risk,” Mr Atancha for Onduso stated. He cooperated with investigators during the probe ahead of today’s arraignment. [By SAM KIPLAGAT](/bd/economy/mixed-bag-for-court-set-up-to-fast-track-small-claims--4074724) “The accused herein has a young family that solely depends on him. [By VICTOR JUMA](/bd/economy/how-fidelity-bank-buyout-landed-in-court--4074584) [By DOMINIC OMONDI](/bd/economy/how-january-taxes-will-hit-consumers-companies--4074812)

Lamu, at its zenith, was an important centre for various powers, both local and foreign going back to the 12th century. It was a melting pot of cultures ...

But today, ivory is no longer accepted and we’ve replaced it with camel and cow bones,” says Mr Skanda. Most of those in existence today are from the 19th century, Mr Mwenje points out adding that originally, the chair was associated with the wealthy Swahili. “My stand is still that this chair was used by almost every household. Most such chairs in our collections were made in large, specialized workshops. It’s part of the Swahili heritage. Kiti cha Enzi has existed for over 500 years and is today part of the unique culture and heritage of the Swahili communities living in Lamu and along the Kenyan Coast.

Kenyan businesses and consumers are staring at a fresh round of tax increases as measures approved in the 2022 Finance Act kick in this week.

That is between Sh4 trillion and Sh5 trillion," said President Ruto. We need to raise 25 percent of our GDP like other middle-income countries. Also, starting next month, companies certified by the Nairobi International Financial Centre Authority (NIFC) to be engaging in the carbon exchange market, or carbon trading will pay a 15 percent corporate income tax in its first 10 years after which it is expected to revert to the standard rate of 30 percent. Capital gains tax has been retained at the rate of five percent for firms certified by the Nairobi International Financial Centre Authority to have an investment of at least Sh5 billion as of January 1, 2023, and which will hold the investments for at least five years before the transfer. This is in addition to a raft of new tax measures that take effect this month, including a 15 percent capital gains tax on the transfer of property, unquoted shares and rights, a three-fold increase from the old rate of five percent. Kenyan businesses and consumers are staring at a fresh round of tax increases as measures approved in the 2022 Finance Act kick in this week, adding to the pain of inflation that has pushed up the cost of living to a five-year high.

Many of us across East Africa gladly bid farewell to 2022. The year proved turbulent around the world.

Hold a view to the long-term. Second, pair your new desired habit with another already established habit. First, make your New Year’s resolution desirable. We faced the sad realities of drought in certain regions. Instead, utilise implicit learning, implicit motivation, automaticity, and embodied cognition to reach your unconscious and improve your chances of succeeding with New Year’s resolutions. But we also hope for micro improvements to our lives and thousands of Kenyans will utilise New Year’s resolutions to try to bring about desired changes.