These markets offer startups incentives such as tax exemptions that enable them to get to profitability quickly and thus pay back investors their money promptly. In a similar way, providing subsidies for the formalisation of startups, tax breaks and credit guarantee scheme...
By the time local investigators received court orders to freeze the accounts, an estimated Sh262.4 billion had been wired to offshore bank accounts in Dubai, Nigeria and Zambia. Bank statements attached to court documents revealed a cross-continental operation that moved huge sums of dollars...
Accessibility of such tax information is a valuable tool that authorities around the world are using to curb cross-border tax evasion. Countries across the globe are signing up for The Organisation for Economic Co-operation and Development (OECD) initiative that requires tax author...
“The challenge is we want to source materials locally, but the quality here is not always the best. Most counties in Kenya have good raw materials, which through value addition can make good finishes. Kisii, for instance, has very good soapstone. Bungoma also has very good natural stone...
Living in Accra (Ghana) and Abuja (Nigeria) was a light bulb moment for her. There she saw an entire industry hinged on just fashion. Mambo Pambo, a clothes retail shop at Nairobi's Two Rivers Mall. FILE PHOTO | POOL “My husband and I had moved to West Africa for work ...
The largest financial institutions in Africa are to be found in South Africa, Nigeria, Egypt, Morocco and Kenya, hence the need to work together. HOW ARE YOUR SUBSIDIARIES SHAPING UP IN 2019, ESPECIALLY SOUTH SUDAN? 2018 was a good year for the international business units. While...
While deeply excited for the African collective when teams raise funds on the back of solid product and bold market ambitions, I am always keen to zoom back into my home country Kenya to juxtapose the current trending deal. I look to see if the same opportunity was a work ...
Kenya is second in Africa after Nigeria in Bitcoin trade, registering more than Sh6 billion in transactions between 2015 and 2020, according to an analysis by Bitcoin trading platform Paxful. In 2020, despite the economic hardships caused by the pandemic and the Central Bank of Kenya’s advis...