State defends tax regime amid UK-based investors' pitch for market

PS Susan Mang'eni (MSME Development)  during a meeting with the National Assembly's Committee on Trade, Cooperatives and Industry over the 2025 Budget Policy Statement at Bunge Towers, Parliament on February 24th,2025. (Elvis Ogina, Standard)

Kenya’s taxation regime has come under scrutiny once again as a section of the United Kingdom (UK) based fintech firms pitched tents seeking a share of the country’s vibrant financial services.

The 13 firms, some of which have already set up shop locally, are providing solutions such as digital payment systems and cross-border payments with the aim of expanding to other markets using Kenya as their springboard.