• About
  • Advertise
  • Careers
  • Contact
Thursday, June 23, 2022
Naihaps
Advertisement
  • Home
  • News
    Money

    Man loses Sh5m from his car while on a short call

    CAS

    Househelp disappears with Sh4 million and jewellery from Treasury CAS

    Uhuru Kenyatta

    Stop wasting money on side chicks, prioritise your wives – Uhuru tells men – VIDEO

    Kilimani

    Police recover 22 firearms in Kilimani apartment during eviction

    Freezes

    EACC freezes Sh18m belonging to 30-year-old gov’t employee earning Sh50k

    Influencer

    Twitter influencer among 4 mutilated bodies found in Kijabe Forest

    Arrest

    Come and arrest me if you can – Sakaja tells off Kinoti

    Accident

    Drivers of matatu and tractor killed in head-on collision on Kiambu Road – Video

    Suspects

    Two more suspects arrested, gun, cash clothes seized in Ongata Rongai robbery

  • Business
    Fuel

    More pain at the pump as Petrol, Diesel and Kerosene prices go up Sh9 a litre

    Otile Brown

    Otile Brown is the new Brand Ambassador for Tecno Camon 19 Series

    Swvl

    Swvl suspends Intra-City rides in Kenya

    Infinix

    Infinix NOTE 12 Series officially launched in Kenya

    Virtual Card

    Safaricom to launch virtual Visa card for all-round global transaction

    ATMs

    Absa customers to access over 2200 Kenswitch ATMs in new deal

    Safaricom

    Safaricom net profit drops by 1.7pc to Sh67B

    Talent Factory Academy

    MultiChoice Talent Factory Academy calls for class of 2023

    Impact Organization Power Learn Project launches one million developers for Africa program

    Impact Organization Power Learn Project launches one million developers for Africa program

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    WRC

    Vroooooom! Ogier fastest in Kasarani’s Super Spectator Stage – VIDEO

    Safari Rally

    Safari Rally: Kenya ready to test the WRC’s greatest like no other

    NBA Finals

    Curry Sparks Warriors for seventh NBA crown

    Netflix

    Netflix seeks recruits for real-life ‘Squid Game’

    Champion

    Omanyala clinches African title in style

    Arrested

    Actress Mishi Dorah in court for failing to pay Sh150,000 bar bill

    Closed

    Besieged Alchemist closed by Nairobi county over racism claims

    Guinness

    Khaligraph Jones thrills fans as Guinness launch Elevated Parties – VIDEO

    Survivor

    Kenyan-Canadian woman wins Sh118 million American competition TV Series

  • Tech

    Hello world!

    #BabaTheArtist: Raila finally releases much anticipated ‘Leo Ni Leo’ campaign song – VIDEO

    SportPesa CEO joins politics, eyes Kasarani seat – VIDEO

    Two suspects wanted in the UK for murder arrested in Nairobi

    Showmax announces return of Crime & Justice Season 2

    Nairobi West Hospital launches helipad in bid to enhance emergency services – PHOTOS

    Newcastle United become football’s richest club ahead of Man City, Chelsea & PSG

    Odibets heeds Khaligraph’s call, unveils online rap challenge

    Twenty-one year old fraud suspect who hacked IEBC server arrested in Juja

  • Sports

    Hello world!

    #BabaTheArtist: Raila finally releases much anticipated ‘Leo Ni Leo’ campaign song – VIDEO

    SportPesa CEO joins politics, eyes Kasarani seat – VIDEO

    Two suspects wanted in the UK for murder arrested in Nairobi

    Showmax announces return of Crime & Justice Season 2

    Nairobi West Hospital launches helipad in bid to enhance emergency services – PHOTOS

    Newcastle United become football’s richest club ahead of Man City, Chelsea & PSG

    Odibets heeds Khaligraph’s call, unveils online rap challenge

    Twenty-one year old fraud suspect who hacked IEBC server arrested in Juja

  • Events
    Tecno

    Tecno launch Camon 19 and Spark 9 series in Kenya – PHOTOS

    Guinness

    Khaligraph Jones thrills fans as Guinness launch Elevated Parties – VIDEO

    Fifa World Cup Trophy

    Brazilian football legend to escort Fifa World Cup trophy to Kenya

    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    More motorsport and WWE thrills for SuperSport viewers!

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Maisha Magic is looking for pitches and ready-made movies

    SuperSport to air Winter Olympics live

No Result
View All Result
  • Home
  • News
    Money

    Man loses Sh5m from his car while on a short call

    CAS

    Househelp disappears with Sh4 million and jewellery from Treasury CAS

    Uhuru Kenyatta

    Stop wasting money on side chicks, prioritise your wives – Uhuru tells men – VIDEO

    Kilimani

    Police recover 22 firearms in Kilimani apartment during eviction

    Freezes

    EACC freezes Sh18m belonging to 30-year-old gov’t employee earning Sh50k

    Influencer

    Twitter influencer among 4 mutilated bodies found in Kijabe Forest

    Arrest

    Come and arrest me if you can – Sakaja tells off Kinoti

    Accident

    Drivers of matatu and tractor killed in head-on collision on Kiambu Road – Video

    Suspects

    Two more suspects arrested, gun, cash clothes seized in Ongata Rongai robbery

  • Business
    Fuel

    More pain at the pump as Petrol, Diesel and Kerosene prices go up Sh9 a litre

    Otile Brown

    Otile Brown is the new Brand Ambassador for Tecno Camon 19 Series

    Swvl

    Swvl suspends Intra-City rides in Kenya

    Infinix

    Infinix NOTE 12 Series officially launched in Kenya

    Virtual Card

    Safaricom to launch virtual Visa card for all-round global transaction

    ATMs

    Absa customers to access over 2200 Kenswitch ATMs in new deal

    Safaricom

    Safaricom net profit drops by 1.7pc to Sh67B

    Talent Factory Academy

    MultiChoice Talent Factory Academy calls for class of 2023

    Impact Organization Power Learn Project launches one million developers for Africa program

    Impact Organization Power Learn Project launches one million developers for Africa program

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    WRC

    Vroooooom! Ogier fastest in Kasarani’s Super Spectator Stage – VIDEO

    Safari Rally

    Safari Rally: Kenya ready to test the WRC’s greatest like no other

    NBA Finals

    Curry Sparks Warriors for seventh NBA crown

    Netflix

    Netflix seeks recruits for real-life ‘Squid Game’

    Champion

    Omanyala clinches African title in style

    Arrested

    Actress Mishi Dorah in court for failing to pay Sh150,000 bar bill

    Closed

    Besieged Alchemist closed by Nairobi county over racism claims

    Guinness

    Khaligraph Jones thrills fans as Guinness launch Elevated Parties – VIDEO

    Survivor

    Kenyan-Canadian woman wins Sh118 million American competition TV Series

  • Tech

    Hello world!

    #BabaTheArtist: Raila finally releases much anticipated ‘Leo Ni Leo’ campaign song – VIDEO

    SportPesa CEO joins politics, eyes Kasarani seat – VIDEO

    Two suspects wanted in the UK for murder arrested in Nairobi

    Showmax announces return of Crime & Justice Season 2

    Nairobi West Hospital launches helipad in bid to enhance emergency services – PHOTOS

    Newcastle United become football’s richest club ahead of Man City, Chelsea & PSG

    Odibets heeds Khaligraph’s call, unveils online rap challenge

    Twenty-one year old fraud suspect who hacked IEBC server arrested in Juja

  • Sports

    Hello world!

    #BabaTheArtist: Raila finally releases much anticipated ‘Leo Ni Leo’ campaign song – VIDEO

    SportPesa CEO joins politics, eyes Kasarani seat – VIDEO

    Two suspects wanted in the UK for murder arrested in Nairobi

    Showmax announces return of Crime & Justice Season 2

    Nairobi West Hospital launches helipad in bid to enhance emergency services – PHOTOS

    Newcastle United become football’s richest club ahead of Man City, Chelsea & PSG

    Odibets heeds Khaligraph’s call, unveils online rap challenge

    Twenty-one year old fraud suspect who hacked IEBC server arrested in Juja

  • Events
    Tecno

    Tecno launch Camon 19 and Spark 9 series in Kenya – PHOTOS

    Guinness

    Khaligraph Jones thrills fans as Guinness launch Elevated Parties – VIDEO

    Fifa World Cup Trophy

    Brazilian football legend to escort Fifa World Cup trophy to Kenya

    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    More motorsport and WWE thrills for SuperSport viewers!

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Maisha Magic is looking for pitches and ready-made movies

    SuperSport to air Winter Olympics live

No Result
View All Result
Naihaps
No Result
View All Result

Judge Esther Maina’s illegal verdict disrupts Kenya’s economic environment

Naihaps by Naihaps
May 5, 2022
in Business
Reading Time: 2 mins read
Judge Esther Maina’s illegal verdict disrupts Kenya’s economic environment

The decision in the case of Kimaco Connections is without any legal basis, it is clear that the judge does not understand the economy.

The mistakes of unprofessional judges create an unstable economic environment in Kenya and dozens of foreign companies are under attack due to bad decisions of individuals. The latest is the verdict in the case of Kimaco Connections Limited, which is a real example of how foreign investors can suffer incalculable damage.

According to the judge, the money that was paid to them for providing software platforms for another company was from illegal funds whose origin could not be explained, but such a verdict is absolutely illegal.

It is based on the judge’s prejudices, without any evidence and it is clear that the judge does not understand the economy. She passed an illegal verdict, as if judging a state-owned company and deciding whether there are quality decisions in a company. If things were done this way, no company would exist.

This decision is illegal and the Court of Appeal will surely annul it. Kenya not lost a shilling of tax, what seems to be the Judge Esther Maina’s problem?

Decisions made this way force foreign investors out of the country and there is no doubt they will seek legal protection from the competent international institutions for the protection of investors’ rights.

Kimaco Connections Limited’s accounts have been blocked. If you block Kimaco or any other company in the middle of a business arrangement, of course they will not complete your order. And then the companies that operate properly, pay taxes regularly, hire thousands of people, help the community through socially responsible projects are under attack.

Decisions like this do great harm not only to foreign investors, but also to the state of Kenya, all because of the misunderstanding of one judge, who destabilises the economic environment in the country.

ShareTweetShare
Previous Post

Senator Linturi to support sex workers if elected Meru governor

Next Post

Singer Bahati in tears after nomination certificate is recalled

Naihaps

Naihaps

Next Post
Singer Bahati in tears after nomination certificate is recalled

Singer Bahati in tears after nomination certificate is recalled

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Businesswoman Mary Wambui arrested over illegal possession of a firearm

6 months ago

Twitter adds ‘tip jar’ to aid users pay for good tweeting

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact
    Email us: info@naihaps.com

    © 2022 Naihaps. All rights reserved.

    No Result
    View All Result
    • Home
    • News
    • Business
    • Entertainment
    • Tech
    • Sports
    • Events

    © 2022 Naihaps. All rights reserved.