Lessons from Magufuli. How Kenya Can Deter Tax Avoidance by Mining Companies

  By gatuyu t.j Acacia, a global mining company, is in trouble. Tanzania Revenue Authority has hit the company with a huge tax bill, after president Magufuli accused it of not being truthful in their tax affairs. The mining companies in Kenya should get alarmed. Most of them, such as Tullow Oil and Africa Oil, … Continue reading Lessons from Magufuli. How Kenya Can Deter Tax Avoidance by Mining Companies

A Tribute to Liu Xiaobo

Liu Xiaobo. A tribute Xi Jinping, a tyrant of the Peoples Republic of China, one day, will die. Had tyrant Xi known this cruel fact, he would not have pushed Liu Xiaobo, to such a ignominious death. Liu Xiaobo, a Nobel Laureate who brought a taste of freedom to China, died and the urn with … Continue reading A Tribute to Liu Xiaobo

Hurdles in Debt to Equity Conversions: A Case Study of KQ Restructuring

By gatuyu t.j Kenya Airways is carrying out a capital optimization program to ensure it keeps being afloat. One of the ways this program is being effected is through capital restructuring by way of debt to equity conversions. But it is not that easy INTRODUCTION¬† KQ is in turmoil. Auditors have cast doubt on its … Continue reading Hurdles in Debt to Equity Conversions: A Case Study of KQ Restructuring

How IFRS 9 Will Revolutionize the Kenyan Financial Markets

By Gatuyu t.j January 2018, a new accounting standard will come in force, and significantly affect the treatment of financial instruments both in corporate transactions and for tax. Introduction Various villains have been cited as the triggers of the financial crisis of 208/09 which resulted to economic recession. These include subprime mortgages, collateralize debt obligations, … Continue reading How IFRS 9 Will Revolutionize the Kenyan Financial Markets