Last year, reports of a planned proposal to offer fast track Kenyan citizenship to foreign investors emerged. The initiative aims to attract foreign direct investment (FDI) into the country by allowing wealthy foreign investors to acquire Kenyan citizenship via a citizenship by investment (CBI) programme.
The end of Quarter One 2021 saw numerous changes in the investment immigration industry. With programmes effected by the pandemic and amendments made to better control intake of new citizens, the beginning of this year has seen some programmes thrive with others shutting down.
As much of the world attempts to recover following the economic fallout of COVID-19, implementing a wealth tax has been the point of discussion is several countries. As you may already know some economies have already shook hands with this new norm while some are still in the consideration phase.
International bodies have always said that in order to tackle some of the world’s greatest challenges, private sector funding will have to make up the bulk of investments – enter impact investing.
