James Mwangi-led Equity Group to pay KRA $91.6 million as corporate taxes in 9M 2022
Equity Group is the largest financial services conglomerate in East Africa.
Equity Group is the largest financial services conglomerate in East Africa.
Kimani owns 32.3 percent of the company, or 6,330,699 shares.
The Kenya Revenue Authority (KRA) said it is demanding full accountability from Karanja.
The Rai family owns Rai Group, a closely held family conglomerate founded by their patriarch, Tarlochan Singh Rai.
SportPesa and its owners will not face asset seizures, bank account freezes, or travel bans.
Keroche is a strong competitor for the British-controlled EABL, holding a 29-percent share of Kenya’s alcoholic beverage market.
Kenyan tycoon and CEO of Keroche Breweries Tabitha Karanja has revealed that a new expansion strategy could see the Kenya Revenue Authority generate over Ksh1 billion ($92.7 million) annually.
The Kenya Revenue Authority is investigating embattled businessman Humphrey Kariuki for tax evasion.