{"id":102844,"date":"2023-09-16T18:44:56","date_gmt":"2023-09-16T18:44:56","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-president-william-ruto-woos-us-tech-companies-despite-boosting-business-taxes"},"modified":"2023-09-16T18:44:56","modified_gmt":"2023-09-16T18:44:56","slug":"kenya-president-william-ruto-woos-us-tech-companies-despite-boosting-business-taxes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-president-william-ruto-woos-us-tech-companies-despite-boosting-business-taxes","title":{"rendered":"Kenya: President William Ruto woos US tech companies despite boosting business taxes"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Kenya\u2019s president is wooing American tech companies, promising a business-friendly environment \u2014 even though he has raised taxes on businesses at home.<\/b><\/p>\n

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 \u201cstrategic priorities.\u201d<\/p>\n

But critics say that his government’s newly imposed and also several proposed taxes will increase the cost of doing business in Kenya, including in the tech sector.<\/p>\n

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.<\/p>\n

The government had projected it would rake in billions in the local currency, the Kenyan shilling, from the doubled digital services tax, but critics warned it would discourage tech investors.<\/p>\n

Ruto insisted his country was positioning itself as \u201cAfrica\u2019s business process outsourcing and creative economy hub,\u201d citing internet penetration and a growing workforce.<\/p>\n

Kenya has in the past been accused of not tightening labor laws to prevent the exploitation of employees by tech companies such as Meta who were sued by former employees over poor working conditions and accused of paying low wages to content moderators.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenya\u2019s president is wooing American tech companies, promising a business-friendly environment \u2014 even though he has raised taxes on businesses at home. 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 […]<\/p>\n","protected":false},"author":84,"featured_media":102843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[6857,7003,8558,544,11053,312],"class_list":["post-102844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-kenya","tag-digital-economy","tag-kenya","tag-san-francisco","tag-william-ruto"],"yoast_head":"\nKenya: President William Ruto woos US tech companies despite boosting business taxes - kenya<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-president-william-ruto-woos-us-tech-companies-despite-boosting-business-taxes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya: President William Ruto woos US tech companies despite boosting business taxes\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Kenya. Kenya\u2019s president is wooing American tech companies, promising a business-friendly environment \u2014 even though he has raised taxes on businesses at home. 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