Treasury on the spot over Sh2.6bn tax gift to e-bike firm

Former Treasury Cabinet secretary (CS) Njuguna Ndung’u has been put on the spot for committing over Sh2.5 billion of public funds to pay taxes for a private electric vehicles (EV) firm, triggering opposition from rival firms.

Treasury offered to settle import duty for 10,000 electric motorcycles and 80,000 lithium-ion batteries imported by Africa Smart Mobility Solutions Kenya Ltd, offering the firm a competitive pricing advantage.