Since Kenya reintroduced a 5% capital gains tax (CGT) in January, its stock market has plummeted. The Nairobi Securities Exchange lost a massive 6.75% of its value in May when foreign investors withdrew 1.5 billion...
![Kenya: rich tax](https://digitalmallblobstorage.blob.core.windows.net/wp-content/2019/12/AIF_Kachanga_Kenya-tax-1080x675.jpg)
Since Kenya reintroduced a 5% capital gains tax (CGT) in January, its stock market has plummeted. The Nairobi Securities Exchange lost a massive 6.75% of its value in May when foreign investors withdrew 1.5 billion...