Kenya To Tax Crypto Influencers, Promoters In New Tax Policy.
Kenya plans to charge a 3% tax on the transfer or exchange value of digital assets, while content creators will pay 15% on online earnings up from 5% withholding income tax, the new bill imposes a tax on earnings made…
Kenya Starts The Use Of QR Codes Called The Kenya Quick Response Code For Digital Payments.
The Central Bank of Kenya (CBK) on Wednesday, announced the issuance and implementation of the Kenya Quick Response Code Standard 2023 (KE-QR Code Standard 2023; or the Standard). The Standard will guide how Payment Service Providers and banks (institutions) that…
Kenya Set To Tax Cryptocurrency Exchanges.
Report from a Kenyan local news outfit revealed that the Kenyan Treasury will start levying taxes on revenues earned by cryptocurrency exchanges used by an estimated 4 million Kenyans. According to a report by Business Daily Africa, Kenyan authorities will…
Kenyans Put An Average of Sh 2000 in cryptocurrencies
Retail crypto traders in Kenya held cryptocurrencies worth an average of Sh2,076 ($16.08) each last year, ranking at the bottom of allocation to the alternative assets ahead of Nigeria. The 2023 digital global overview report by Meltwater, an online media…
Nigeria Missing As Kenya, South Africa Leads In Global Innovation Index Report 2022.
Mauritius, South Africa, Botswana, Kenya and Morocco, in latest inovative economies global report, ranked far above Nigeria in Africa as countries with the most innovative economies. This is according to the World Intellectual Property Organisation’s (WIPO’s) Global Innovation Index (GII)…
Kenya Moves To Legalise Crypto.
Kenya’s Senators move to legalise various virtual monies, such as cryptocurrencies, received a major boost after the Senate resolved to develop frameworks for their operation in the country. The Senate Standing Committee on Information, Communication and Technology on Thursday, February…
Kenya Withdraws Financial Misconduct Case Against Flutterwave.
Kenyan authorities have dropped charges of financial misconduct and corruption against Flutterwave Inc., about seven months after a court in the East African nation froze the bank accounts of one of Africa’s biggest startups. startups. According to a Kenyan High…
Kenya New Regulatory Sandbox For Tech Startups Calls For Industry Expert Inputs.
The Communications Authority of Kenya (CAK) recently published a draft called: “Framework for Emerging Technologies Regulatory Sandbox” for tech ecosystems, and is seeking feedback from the public by February 3, 2023. The CAK has the responsibility of establishing and reviewing…
Kenya’s Fintech Took 30% Of Tracked Kenyan Tech Startups In 2022.
Recent findings of a study on Kenya’s startup space, fintech ventures alone accounted for just over 30% or 93 out of the 308 tracked startups. This figure is almost three times more than that of the nearest challengers, namely agri-tech…
Kenya Set To Establish Startup Fund.
Kenya President William Ruto announced that plans are the initial stage to establish a startup fund which will give startups in the country the opportunity to scale up and become serious enterprises. Ruto stated that the bill is currently being…