Web-hosting firm dumps Kenya on punitive taxes

Economy

Web-hosting firm dumps Kenya on punitive taxes


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Kenya Revenue Authority headquarters at the Times Tower in Nairobi. FILE PHOTO | NMG

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Summary

  • Bulgarian web-hosting firm, SiteGround, has stopped signing up new clients in Kenya, citing high compliance costs.
  • The firm blames costly tax-related rules for its exit, shutting the door on start-ups looking to set up online services on a low budget.

Bulgarian web-hosting firm, SiteGround, has stopped signing up new clients in Kenya, citing high compliance costs.

The firm blames costly tax-related rules for its exit, shutting the door on start-ups looking to set up online services on a low budget.

“Due to new local regulations (mostly tax-related), we have recently…


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