Kenya risks missed opportunity to be investor tax hub

The local business climate is flourishing as the country becomes the preferred investment hub for the East Africa region and beyond. With this has come increased investment activities from local and foreign investors. According to the 2015 Kenyan Budget Policy Statement released by the Treasury earlier this year, Kenya is considered a “frontier” economy with bright prospects.

The 2014 UN’s World Investment Report also acknowledges Kenya as a favoured business hub in Africa. The report says foreign direct inflows (FDI) into Africa rose by four per cent to $57 billion (Sh5.586 trillion), driven by international and regional market-seeking and infrastructure investments.