Low profit margin firms ‘punished’ in minimum tax roll out

By Kepha Muiruri,

High turnover but low profit margin yielding firms are expected to see the bitter end of the minimum tax effected at the start of the year. This is...

minimum tax , National Treasury

No relief for consumers as changes to Value Added Tax take effect

By Kepha Muiruri,

Kenyans have barely found relief in the cost of basic commodities as changes to the Value Added Tax (VAT) charge were effected in line with March 25 P...

coronavirus , VAT

Peter Kahi seeks 6 months extension to Nakumatt administration term

By Kepha Muiruri,

Parker Randall East Africa (PKF) partner Peter Kahi has sought for a six months extension to his administrator term at grounded Nakumatt. The reque...

nakumatt , Peter Kahi , PKF

Troubled Nakumatt postpones date with creditors for second time

By Kepha Muiruri,

Nakumatt has put off the meeting with creditors for a second time pending the completion of an accounts audit. The firm has sought for the interjec...

nakumatt , Peter Kahi

Demonetization effects filter into value of Kenyan shilling

By Kepha Muiruri,

The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...

Central Bank of Kenya (CBK) , demonetization , kenyan shilling , patrick njoroge

Deacons East Africa closes shop after 60 years

By Muia Joseph,

Troubled fashion and clothing retailer Deacons East Africa has closed shop after 60 years. In a notice in the local dailies on Tuesday, Deacons ann...

4U2 , bossini , Deacons

Nakumatt to petition creditor for reprieve

By Patrick Igunza,

Creditors of struggling retailer Nakumatt are facing the daunting task of keeping their money in the retailer after it emerged that it did not have mo...

assets , branch closure , creditors , debt conversion , ipo , liabilities , liquidation , listing , nakumatt , Peter Kahi , PKF

Kahi takes over Nakumatt management

By Citizen,

Ailing retailer Nakumatt has a new man at the helm as begins its long journey back to recovery. Peter Kahi from PKF Consulting will now run the sho...

administration order , administrator , Atul Shah , Competition Authority , Landlords , Merger , nakumatt , Peter Kahi , retail , supply contracts , Tuskys

Nakumatt handed lifeline with administration order

By Agnes Oloo,

Ailing retailer Nakumatt has been handed reprieve after the high court granted the firm an administration order blocking possible liquidation. The ...

administration order , Atul Shah , creditors , high court , liquidation , nakumatt , Peter Kahi , PKF Consulting , retail , Tuskys

Nakumatt seeks administration order to fight off possible liquidation

By Citizen,

Struggling retailer Nakumatt Holdings has applied for voluntary administration at the High Court, a move aimed at giving it breathing space to structu...

Acquisition , adminstration order , Atul Shah , banks , CAK , Competition Authority of Kenya , creditors , debt , high court , liquidation , Merger , nakumatt , Peter Kahi , PKF Consulting , retail sector , Tuskys , voluntary adminsitration

KenGen begins search for Albert Mugo replacement

By Citizen,

The Kenya Electricity Generating Company (KenGen) has kicked off the search for a new chief executive officer. The new CEO is expected to take offi...

Albert Mugo , Charles Keter , energy , energy parastatals , installed capacity , kengen , one year extension , Petroleum , PKF , power producer , recruitment drive

‘Team Change’ ousts Jalang’o as KRU vice-chair

By Citizen Reporter,

Phillip Jalang’o has finally been ousted as the vice-chairman of the Kenya Rugby Union (KRU) as the self-styled ‘Team Change’ representing the c...

Geoffrey Gangla , John Kilonzo , Joshua Aroni , Kenya Rugby Union , Moses Ndale , Phillip Jalang'o , Thomas Opiyo

Learned friends set new dates for AGM, appointment of auditors

By Koome Kimonye,

The Law Society of Kenya (LSK) has announced plans to contract Pricewaterhousecoopers to audit its accounts after PKF expressed displeasure with the c...

Jalangó and Omondi Forced out of Rugby Union

By Citizen,

After a board meeting in October of 2014, the Kenya RU board commissioned PKF Comsulting to do a forensic audit of the union accounts.  The...

Water Rafting In Support Of Cancer Patients

By Citizen,

The event was organized by Faraja Cancer Support Trust which offers non-medical services to cancer patients. The event not only incorporated prof...