Every so often, we get served the consequences of poor corporate governance. It is usually a jaw-dropping moment that leaves many wondering, “How could that have happened?” or “Why didn’t anyone catch that sooner?” When such events occur, they are often spectacular, leading to significant stakeholder value being eroded or lost—sometimes with no hope of...Read More

In his remarks at the Institute of Certified Public Accountants of Kenya conference in November 2024, Treasury Cabinet Secretary John Mbadi suggested that the government may lower Pay As You Earn (PAYE) rates for employees within the next two years.This follows growing concerns over Kenya’s high tax burden on formal employees. The Business Daily headline...Read More

The jury is still out as to how to properly define a startup. But a majority of reputable sources seem to agree that the key identifiers of a startup are innovation and scalability. Startups differ from traditional entrepreneurial ventures, which may not seek to innovate, but to supply an existing product or service in the...Read More

The Supreme Court of Kenya (SCOK) issued conservatory orders on 20 August 2024, suspending and staying the orders of the Court of Appeal declaring the Finance Act, 2023 (Act) unconstitutional, and void ab-initio. This is pending the hearing and determination of the appeal filed by the Cabinet Secretary for the National Treasury & Planning and...Read More

The country is in the aftermath of the public protests and demonstrations, against the Finance Bill, 2024 (Bill). While there were many underlying issues that resulted in the widespread demonstrations, the trigger was the Bill which proposed a raft of additional taxes, that were widely unpopular. The ultimate consequence was that the President declined to...Read More