Kenya’s Keroche Breweries trapped in US$140m tax fraud allegations

KENYA – Kenya’s second largest brewer, Keroche Breweries is facing inquiry for allegedly evading tax amounting to US$140 million (Ksh14.4 billion) between January 2015 and June 2019. This is according to investigations by the Kenya […]

Rwanda to introduce tax breaks for alcohol brewed from locally-sourced materials

RWANDA – The government of Rwanda is considering to reduce consumption tax on alcoholic drinks brewed from locally sourced raw materials. In a draft law presented to the Parliament by the Minister for Finance and […]

Nigerian government to increase excise duty on alcohol, tobacco

NIGERIA – the Nigerian government has unveiled its Strategic Revenue Growth Initiative (SRGI) which will see an increase in excise duty rates from the current 5% on alcohol, carbonated soft drinks, tobacco and other goods. […]

Alcohol beverages stakeholders reject government’s proposed excise duty rate increase

NIGERIA – Stakeholders in the alcohol beverage industry declared their opposition to the recent 500% increase in excise duty rates on alcohol by the Federal Government, according to Beverage News. The stakeholders, which includes the […]