Tycoons Ignore Kenya's Amnesty to Bring Back Money Stashed Abroad
The money is reportedly enough to run the country's Budget for five years and can also retire the mountain of debt that has caused pain through heavy taxation of basic commodities and service, according to a new report. Experts says the U.S.$149 billion will remain in offshore accounts unless the government adds tax incentives to the no-questions-asked amnesty.
Nation, 7 October 2018
Commercial banks in the country have now turned up the heat on the Central Bank of Kenya (CBK), accusing the regulator of dodging the responsibility of stopping money laundering. Read more »