The Sh15 billion in exemptions stems from a printing error in the Tax Laws (Amendment) Act, effective December 27, 2024, which allowed VAT waivers for investments over Sh2 billion.
The former deputy president also accused Ruto of tolerating corruption among his inner circle.
In an explosive exposé aired on NTV, the former CS mentioned Ruto’s Economic advisor, Chief of Strategy Execution, Adan Mohamed and industrial giant Devki Group in the controversy.
On August 4, 2024, Mining Principal Secretary Elijah Mwangi joined Taita Taveta County leaders, led by Governor Andrew Mwadime, to hand over land to the controversial investor Narendra Raval, chair of Devki Group. This handover was for the construction of an 11 billion shillings iron-ore processing plant at Ngolia in Voi, Taita-Taveta County. Raval pledged […]
‘Guru’ Narendra Raval made his name from being a business genius and in the steel industry through his company Devki Group. Through his company, Devki Group has been expanding his empire into cement business. In 2015, Mr Raval turned down Mr Aliko Dangote’s offer to acquire part of the Devki empire as a means of accessing […]
‘Guru’ Narendra Raval made his name from being a business genius and in the steel industry through his company Devki Group. Through his company, Devki Group has been expanding his empire into cement business. In 2015, Mr Raval turned down Mr Aliko Dangote’s offer to acquire part of the Devki empire as a means of accessing […]
Until recently when the hell broke lose over the Mumias Sugar Company’s purported revival, Narendra Raval aka Guru as he’s known in his circles for his prowess to cut deals and come up with genius business ideas that have placed him amongst richest people in Kenya, Raval was just a wealthy businessman with a clean […]
Kenyan Association of Sugar and Allied Products (KASAP) reads mischief in plans by Mumias Sugar Company Receiver Manager to lease the troubled miller. According to KASAP National Secretary Peter Ondima the bidding process to find a suitable lessee ought to have been advertised and evaluation of all bidders done in an open and transparent manner. […]
