While Kenya’s government is targeting Chinese investors to establish manufacturing plants in its special economic zones to boost exports, thousands of local traders have protested in the capital Nairobi against the ‘unfair” competition from Chinese traders. The government is offering Chinese investors a value proposition that the East African country is the premier investment destination […]
Protesters took to the streets in various Kenyan cities calling for President Ruto to step down, as police shot tear gas and clashed with demonstrators. At least one person was killed in the renewed protests, despite president Ruto firing most of his cabinet members, Reuters reported. The protests erupted against tax hikes a month ago, […]
Kenya is considering tax reforms, including possible tax breaks, to entice hesitant US and EU investors after Washington complained that corruption and a lack of transparency in tax policy inhibited investment in the East African country. Nairobi is exploring various tax incentives to reluctant Western investors and it also threw out the red carpet for […]
