The first major economic impact due to COVID-19 was the volatility on the country’s stock market. Trading was halted at the Nairobi Securities Exchange (NSE) after the NSE 20 index dropped more than 5%, the first day a COVID-19 case was reported in the country. READ MORE
Kenya risks a trade war with the USA over its plans to tax firms in the digital marketplace.
This is if the draft Value Added Tax(VAT) law on digital firms is adopted. The US Department of Trade has already opened probes of several countries planning or already taxing its tech firms. READ MORE..