Immediately after this, on March 25, President Kenyatta outlined tax interventions the government would make to protect the country against the economic effects of Covid-19. This included the government’s decision to earmark funds for expediting payments of existing obligations to maintain business ca...
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These regulations once enacted will finally approve the adoption of an electronic Company registry where business payments can be efficiently conducted electronically. Exemption from Audit Requirements The Companies Act 2015, Section 711 (1),exempts small companies from the audit requirements which stipulate...
Kenya Airways' KAA debt has increased barely a few months after Parliament asked the National Treasury to intervene and help the airports' manager to recover Sh7.5 billion owed by the carrier, in an effort to resolve the airport debt that has stuck for years. A report by the Na...
If the operator or lessee is a corporation, the registration of insolvency proceedings will be made in the corporate registry. 8.2 In the event that an operator or lessee were to become insolvent either on a balance sheet basis (assets less than liabilities) or is unable to pay debts as the...
Another questionnaire was completed during the land registry visits. Two additional questions were added to validate the data from questionnaires during the group discussions to assess their level of satisfaction and effectiveness of the current LAS process. For two questions, the Likert scale was used...