Electronic Tax Invoices (ETIMS) | Business Redefined

The sunset date for mandatory onboarding on the electronic tax invoice management system (eTIMS) was 31st March 2024. As at March 26th, 190,000 tax payers had been onboarded on eTims, 26,000 of whom onboarded via the informal economy targeted channels of USSD & eTIMS lite. This means that starting 1st April 2024, any tax payer who is required to & does not issue an electronic invoice will face the steep penalty of two times the tax due as per the provisions of Sec 86 (2) of the Tax Procedures Act. We delve deep into eTIMS, what appears to be low uptake, & tax administration.  
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Episodes
Investment Play 2025 | Business Redefined What can investors expect from the financial markets in 2025? Business Redefined sat down with Lofty-Corban's Senior Investment Manager, Teddy Yanga, to unpack this.
  1. After a drastic correction in early 2024, the Kenya Shilling is expected to remain broadly on a plateau
  2. The lapsing of the US$3.6 billion programme with the International Monetary Fund in April 2025 remains a wild card with the expectation that Kenya will scout for a new programme
  3. The tumbling of yields witnessed in late 2024 is expected to soften in 2025
 December 17, 2024
Unlocking Shariah Compliant Finance | Business Redefined On this episode, we have a conversation with Jersey Finance's Middle East, India & Africa Director, Faizal Bhana on Shariah finance & opportunities for Kenya & the wider Global South. Is there opportunity for a sovereign sukuk by the Kenyan Government? December 13, 2024
The Petroleum Industry | Business Redefined On today's episode on the petroleum industry in the region with Hass Petroleum Group Chief Executive, Mohamud Salat. On the discussion:
  • Kenya's government-to-government fuel sourcing arrangement from a merits & demerits perspective
  • The regional landscape, pricing differences & stability of supply
  • The competitive landscape & the evolving proposition of fuel stations
  • Operating environment, regulatory landscape & margins
  • The green transition & implications for the business
  December 4, 2024
The Financial Reporting Excellence (FIRE) Awards 2024 edition | Business Redefined The Financial Reporting Excellence (FIRE) Awards 2024 edition places the spotlight on sustainability & integrated reporting. With the Conference slated for Dec 5th & Gala Dinner slated for Dec 6th, Julians Amboko sat down with the Chief Judge, Prof Jim McFie, to discuss what to expect from the awards November 29, 2024
The State of Financial Markets | Business Redefined This week, we had a conversation with Stella Mambo - Director of Global Markets on a raft of issues including:
  1. Unpacking the nuances of the 8th Edition of the ABSA Financial Markets Index
  2. The Issuance of Kenya's bond issuance calendar & what it means for the market
  3. Rethinking distribution in solving for retail investors in Kenya's & East Africa's, capital markets
  4. Emerging issues such as the proposed withholding tax on infrastructure bonds
 November 26, 2024
50/50 Women On Boards | Business Redefined Governance is emerging as a key pillar of sustainability in businesses with a growing focus on the need for gender parity across leadership and operations. 50/50 Women on Boards is a global nonprofit founded in 2010 with a mission to accelerate gender balance and diversity on corporate boards. With a vision for women to hold 50.0% of corporate board seats & women of colour to hold 20.0% of all corporate board seats, the non-profit invests 84.0% of our funds in its educational programs & advocacy efforts to empower women to lead as board directors. Business Redefined hosted the co-founder of the Africa Chapter, Philana Mugyenyi, & the Nation Media Group COO, Monicah Waceke, to explore what this means Kenya & Africa   November 25, 2024
Proposed Tax Laws Amendments | Business Redefined The government is in search of Kes 174.0 billion in additional revenue in 2024/25 through the raft of revenue raising proposals contained in the Tax Laws (Amendment) Bill 2024, the tax procedures (Amendment) Bill 2024 & the Business Laws (Amendment) Bill 2024. This episode we delve deep into the 3 bills & what the proposals mean. November 13, 2024
Unlocking Trade Finance | Business Redefined On this episode, we talk about growing trade & bank intermediated trade finance with Absa Kenya & KAM. A deep dive into, among others, letters of credit, structured commodity finance arrangements & supply chain financing. November 7, 2024
Kenya Power Full Year Earnings | Business Redefined Kenya Power has posted a shock Kes 30.0Billion in FY2024 net earnings & resumed dividend payment (KES 0.70/share first & final) after a 7 years drought. On this episode we have one -on-one with Kenya Power's General Manager Finance, Stephen Vikiru, with all the details on the earnings. October 31, 2024