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UDA’s Lawyer Allege Mistake Which Uhuru Kenyatta Did Which Scared Away Foreign Investors

Every country depends on foreign investors in order to create job opportunities and also earn revenue to the government. Businesses are taxed based on the size of income it receives, which in turn provides the government with money to pay all government bills and finance development projects.

The senior counsel Ahmednasir Abdullahi, who's also UDA’s lawyer and William Samoei Ruto's adamant, allege that the outgoing president scared away the foreign investors by charging exorbitant taxes with an aim of pinning down their businesses.

Ahmednasir Abdullahi revealed that president Uhuru Muigai Kenyatta's administration denied foreign investors licenses to run their businesses in Kenya unless they paid 30% of their gross proceeds to Uhuru's administration.

During second term of President Uhuru Muigai Kenyatta, several betting sites such as sportpesa were closed down due to introduction of new taxes. Africa's richest man, Aliko Dangote, was also locked out from establishing his business in Kenya due to tax issues. Aliko Dangote retreated back from opening up Dangote Cement factory in Kenya due tax rate which he was asked to pay in order to be allowed to run his business in Kenya.

Ahmednasir Abdullahi has revealed that William Ruto's government has engaged in serious talks with various available foreign investors who are willing to extend their businesses in Kenya.

For instance, the richest man in Africa, Aliko Dangote, was spotted with other dignitaries today in VIP room during William Samoei Ruto's inauguration ceremony at Kasarani national Stadium. It is expected that Dangote Cement factory will be erected in Kenya any time from now.

Content created and supplied by: WriterNewspaper (via Opera News )

Africa Ahmednasir Abdullahi Dangote Uhuru Muigai William Samoei


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