Afreximbank’s plan for Kenya regional office hit by tax war

Kenya risks losing out to Ethiopia in the race to host the Sh3 billion regional headquarters of the African Export-Import Bank (Afreximbank) due to a diplomatic row, the Business Daily has learned.

At the centre of the row is the Kenya government’s refusal to grant the multilateral lender and its staff diplomatic status, a condition Ethiopia is said to have agreed to, making its capital Addis Ababa a formidable contender against Nairobi.