Kenya plans a 15% gains tax on offshore sales of local companies, targeting foreign venture capital and private equity investors exiting.

The CGT is normally paid on the profit or gains made by investors when they sell, transfer, or dispose of an asset such as unquoted shares or property including homes, land, and…

Kenya plans a 15% gains tax on offshore sales of local companies, targeting foreign venture capital and private equity investors exiting.

Kenya wants foreign investors and VC firms to take a 15% haircut the next time they secure exits from the country’s startups.