Kenya mulls cutting Sh10m capital cap for foreign firms

KenInvest managing director Moses Ikiara. PHOTO | FILE

Kenya is considering lowering the blanket $100,000 (Sh10.89 million) minimum foreign investment requirement for international firms seeking to venture into less-capital services sector such as ICT to spur growth in foreign direct investment (FDI) flows.

The Kenya Investment Authority (KenInvest) says it is seeking an international consultant to help draw conditional incentives for foreign investors.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.