A leading international school partly owned by Centum Investments #ticker:CTUM , Investbridge Capital, and SABIS has won a Sh3.1 billion tax dispute with the Kenya Revenue Authority (KRA) over the construction of the school in Kiambu county.
The taxman had dismissed a Sh3.1 billion claim by ACE (Africa Crest Education Holdings) the entity formed by the three firms in 2016 and domiciled in Dubai which they used to put up an international school, for the incentive to put up developments outside Nairobi, Mombasa and Kisumu.
