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Kenyan President Woos American Tech Companies in San Francisco

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President William Ruto of Kenya is seeking to attract American tech companies to invest in his country by promoting a business-friendly environment. In a speech to leading US technology companies and investors in San Francisco, Ruto highlighted investment opportunities in Kenya and emphasized his government’s commitment to stability and a simple tax code. However, critics argue that the government’s newly imposed and proposed taxes, including a doubled digital service tax, will increase the cost of doing business in the tech sector. Ruto insists that Kenya is positioning itself as “Africa’s business process outsourcing and creative economy hub.”

Source: theGrio [ Read More ]

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