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Kenya Pipeline’s Lebanese Ghost Returns...
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Good evening. It’s Brian from The Kenyan Wall Street.
When Kenya Pipeline entered the NSE earlier this year, some investors may not have known that the firm was embroiled in years of conflict with a Lebanese contractor. And now, a lawsuit claiming billions from the newest kid on the bourse lingers…
This and more stories ahead…
Kenya Pipeline’s Lebanese Ghost Returns…
By Harry Njuguna
A Lebanese contractor's latest claim against Kenya Pipeline is almost as large as the state-owned firm's annual profit, reviving a decade-old dispute over the construction of the country's main fuel artery. The new KSh10.89 billion lawsuit, filed by Zakhem International Construction, arrives just months after Kenya Pipeline's stock market debut and threatens to reopen questions many investors assumed had been settled. At the center of the fight is the 450-kilometer Mombasa–Nairobi pipeline, a flagship infrastructure project whose legal aftershocks have outlived the construction itself. Kenya Pipeline says it has strong grounds to contest the claim, but the sheer size of the demand means shareholders can hardly ignore it. For a company newly exposed to the scrutiny of public markets, the courtroom may prove as important as the pipeline.
Read the full article here >>>>>
US and Iran Agree to Reopen the Strait of Hormuz, But Will the Deal Hold?
By Morris Kiruga
After four months of conflict that rattled energy markets and disrupted one of the world's most important trade routes, the United States and Iran appear ready to strike a deal to reopen the Strait of Hormuz. The agreement promises a ceasefire and a return of oil flows, offering relief to governments, businesses and consumers far beyond the Middle East. Yet many of the issues that fueled the confrontation…from Iran's nuclear ambitions to Israel's regional calculations…remain unsettled. The question now is not whether a deal can be signed, but whether it can survive contact with the realities that made it necessary.
Read the full analysis here >>>>>
With no tax hikes, the taxman will be more aggressive…
By Fred Obura
Kenya's latest budget avoids the tax hikes that sparked public anger in recent years, but businesses may not be off the hook. Faced with ambitious revenue targets and a persistent gap between what it hopes to collect and what it actually collects, the government appears poised to lean harder on enforcement. The result could be a more intrusive tax regime powered by digital surveillance, data matching, and aggressive audits. For many companies, the biggest budget story may not be a new tax at all, it may be facing a taxman with sharper tools and keener eyes.
Read the article here >>>>>
NSE Week 24
What You Should Watch!
What does it really take to build a bank that grows consistently? In this episode, Andrew Barden sits down with Paul Ngaragari, CFO of Family Bank, to break down the strategy behind one of Kenya’s fastest-growing financial institutions and what their upcoming listing on the Nairobi Securities Exchange (NSE) means for investors.
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