Centum sucked into Coke, KRA Sh3.7bn tax war


Business Daily | by Victor Juma

Centum Investment Company agreed to compensate the buyer of its Coca-Cola beverage businesses to the tune of $34.4 million (Sh3.7 billion) representing tax demands by the Kenya Revenue Authority (KRA).

The Nairobi Securities Exchange-listed firm sold its stakes in Almasi Beverages and Nairobi Bottlers to Coca-Cola Beverages Africa (CCBA) last year for a total of Sh19.3 billion…

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