Taxes Beyond the Corporate Grave

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Kenyan Wall Street
October 30, 2025

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Hello 👋🏽 from The Kenyan Wall Street.

The saying that only two things are true in life, death and taxes, may not necessarily apply to corporate deaths. KRA has won a case against Sendy, two years after the logistics tech startup closed shop. In the markets, Equity Group has stirred the markets by breaking its own profit records, and our new podcast is out.

Sendy Loses Landmark KSh 82mn Tax Battle

By Fred Obura

The Kenya Revenue Authority (KRA) has won a landmark case against collapsed logistics technology firm Sendy Limited after the High Court ruled that the company is liable for VAT on the full value of transport services facilitated through its platform , and not just on its commission income. The case centred on whether Sendy, which connected customers with independent transporters, merely provided a digital marketplace or actually supplies transport services. Read More »»»

Equity Bank Makes a Killing

By Harry Njuguna

Equity Group Holdings has reported a record KSh 54.1 billion in profit after tax for the first nine months of 2025, effectively surpassing its entire KSh 48.8 billion full-year earnings for 2024 and putting it on track for its most profitable year on record. All of its metrics are up, its loan book has expanded, and deposits have increased. Read More »»»

In the Markets Today

For up-to-date market insights and data from the NSE, join our Whatsapp channel here »»»»»

  • Equity Group’s record-breaking results have stirred the markets. The $EQTY share price jumped 7.4% on open today to a new all time high of KSh 65.00, making it the first Kenyan bank valued at KSh 245Billion.

  • Olympia Capital Holdings expected to deliver HY26 earnings tomorrow as per their corporate calendar 2025.

  • The Nairobi Securities Exchange has issued a circular reminding investors of the shareholding limits under the 2016 Regulations. Individuals and private firms may not hold more than 5%, public companies not more than 10%, and trading participants collectively not more than 40%.

“Trade barriers do not serve the world’s best interests. But we must never underestimate the creativity of buyers and sellers around the world who want to do business with each other."

-John Pearson, CEO DHL Express, in this article.

On Your Watchlist

The internet is flooded with hype promising high monthly returns, easy Forex trading success, and instant financial freedom. But what if that 'pompous lifestyle' is just an illusion?

Analysis

Africa’s Next Trade Wave and Kenya’s Banking Opportunity

By Chelsy Maina

Globalisation is far from over, it’s simply evolving into its next form. Despite the Trump’s tariffs and other protectionist policies, global trade flows have surged to record highs, because the world economy is becoming more networked, not less connected. And there lies the opportunity for Kenya’s banks, blessed with billions in profit but stuck in traditional revenue centres. Read More »»»

Insurers Battle for Kenya’s High-End Medical Cover Market | The Kenyan Wallstreet

Kenya’s health insurance market is witnessing a shift toward global medical cover, as leading insurers Jubilee Health and Old Mutual roll out high-end products

kenyanwallstreet.com/insurers-battle-for-kenyas-high-end-medical-cover-market

Uganda Bags KSh 4.7Bn Climate Reward for Slashing Emissions | The Kenyan Wallstreet

Uganda has secured a US$ 31 million (Sh4.7 billion) grant from the Green Climate Fund (GCF) for its gains in curbing deforestation and cutting carbon emissions.

kenyanwallstreet.com/uganda-bags-sh4-7-bn-climate-reward-for-slashing-forest-emissions

Zoho Expands AI Access with Free Agentic Tools | The Kenyan Wallstreet

Zoho has announced the launch of new agentic AI features across three key product categories-collaboration, customer experience, and human resources

kenyanwallstreet.com/zoho-expands-ai-access-with-free-agentic-tools-for-businesses

Keep up with what’s happening on our X and LinkedIn pages. Stay updated with the latest financial news on our website The Kenyan Wall Street.