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EABL FY19
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VituVingiSana
#21 Posted : Friday, August 02, 2019 12:16:51 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
McGill wrote:
VituVingiSana wrote:
Failed Businessman wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/EABL-staff-face-layoffs/4003102-5218176-view-asAMP-qbwvsbz/index.html


These retrenchments started kitambo. I was one of the first people to face the axe. Jobs are mainly moved to India.
Are KE labor costs too high?

I know of a diageo position where a kenyan guy makes 120,000ksh but the Indian counterpart makes less than 50,000ksh
For a job function that doesn't require on the ground knowledge, it's much cheaper to outsource. It started with the "West" outsourcing but it seems to now include the "South" too.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#22 Posted : Monday, August 05, 2019 12:39:07 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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FUNKY
#23 Posted : Wednesday, August 21, 2019 7:35:30 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
https://www.the-star.co....twitter_impression=true

This should be good news for EABL!
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Angelica _ann
#24 Posted : Wednesday, August 21, 2019 7:52:49 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,938
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true

This should be good news for EABL!


KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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whiteowl
#25 Posted : Wednesday, August 21, 2019 8:00:58 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Angelica _ann wrote:
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true

This should be good news for EABL!


KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days.


This is not good news to anyone.It can't be that KRA has just discovered all top tax payers are evading taxes.If this goes on more jobs will be lost and KRA gets zero taxes after shutting down the companies.
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sparkly
#26 Posted : Wednesday, August 21, 2019 8:03:10 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Angelica _ann wrote:
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true

This should be good news for EABL!


KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days.


The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World.
Life is short. Live passionately.
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obiero
#27 Posted : Wednesday, August 21, 2019 8:07:54 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,324
Location: nairobi
sparkly wrote:
Angelica _ann wrote:
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true

This should be good news for EABL!


KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days.


The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World.

Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest
COOP, IMH, KEGN, KQ, MTNU
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obiero
#28 Posted : Wednesday, August 21, 2019 8:09:30 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,324
Location: nairobi
sparkly wrote:
Angelica _ann wrote:
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true

This should be good news for EABL!


KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days.


The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World.

Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting
COOP, IMH, KEGN, KQ, MTNU
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sparkly
#29 Posted : Wednesday, August 21, 2019 8:26:34 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
sparkly wrote:
Angelica _ann wrote:
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true

This should be good news for EABL!


KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days.


The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World.

Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting


In Kenya you can't grow by being 100% compliant. Cost of compliance is too high. Between paying loans to build the factory, buying raw materials & paying employees to keep the factory running versus paying taxes, something gotta give. The Government should acknowledge this situation and give the taxpayer time to pay.
Life is short. Live passionately.
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VituVingiSana
#30 Posted : Wednesday, August 21, 2019 8:42:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
sparkly wrote:
Angelica _ann wrote:
FUNKY wrote:
https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true

This should be good news for EABL!


KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days.

The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World.
Have they been evading taxes?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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