A new planned tax in Kenya is expected to hit digital lenders hard. A 20 percent excise tax on fees collected is proposed in the Finance Bill presently before parliament. If parliament accepts this, however, borrowers would most certainly
Nokia's tax records were recently investigated after a Nairobi court gave the right to do so. The company known as Technoservice ltd privately did their research and their findings could actually ruin Nokia as a company.
One of the measures that was put in place was to money lenders, they could no longer list people on CRB for some time. But was this a good or bad thing?
Money lending apps in Kenya are probably one of the most unprofessional apps in Kenya. When you borrow from them be ready to be harassed even days before your loan is due