In San Francisco, Kenya's president woos American tech companies despite increasing taxes at home

  • 📰 AP
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Kenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home.

But critics say that his government’s newly imposed and also several proposed taxes will increase the cost of doing business in Kenya, including in the tech sector.

The government had projected it would rake in billions in the local currency, the Kenyan shilling, from the doubled digital services tax, but critics warned it would discourage tech investors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines