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

Nederland Nieuws Nieuws

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

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

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

President William Ruto made the appeal in an address to leading U.S. technology companies and investors on Friday in San Francisco, highlighting investment opportunities in his country and lauding his government's “strategic priorities.”

"We have eliminated value-added tax on exported services and the tax on stock-based compensation for employees of startups, as well as the domestic equity requirement for ICT companies,” he said. His administration in its first budget this year doubled the digital service tax to 3%, targeting foreign tech giants that use the internet to market and sell products.

Ruto insisted his country was positioning itself as “Africa’s business process outsourcing and creative economy hub,” citing internet penetration and a growing workforce.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

ksatnews /  🏆 442. in NL
 

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

In San Francisco, Kenya's president woos American tech companies despite increasing taxes at homeIn San Francisco, Kenya's president woos American tech companies despite increasing taxes at homeKenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home.
Lees verder »

In San Francisco, Kenya's president woos American tech companies despite increasing taxes at homeIn San Francisco, Kenya's president woos American tech companies despite increasing taxes at homeKenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home
Lees verder »



Render Time: 2025-01-20 08:17:16