Fie Blog

Read our latest insights & news from Africa
MNE

Kenya through its proposed Finance bill 2021, introduced documentation guidelines for Multinational Enterprises (MNEs) operating locally through their subsidiaries. This comes at a time when globally jurisdiction members under Organization for Economic Cooperation and Development (OECD) are racing to implement Inclusive framework on BEPS (Base Erosion and Profit Shifting) to combat illicit financial flows, tax...

Neobank

The 21st century has brought with it advancements in technology that have affected how people work and operate, and this effect has triggered disruptions across different sectors. One sector that is facing the technology onslaught currently is the banking sector. Technology has moved banking from the traditional banking halls to the customer’s mobile phone or...

TAX

Globally, countries especially across Middle East (Gulf countries) and Africa like Tunisia, Uganda and Egypt are racing towards implementing electronic tax invoice. The wave is already being felt locally with Kenya Revenue Authority (KRA) rolling out the hardware-based electronic tax invoicing which commenced on 1st August 2021; with a deadline for complying extended to 31st...

Shopping

In many business environments, consumers are always exploited through overpriced products, artificial scarcity, substandard goods, and misleading advertisements among other ways. Traders leverage on the consumer’s lack of knowledge about the price and quality of commodities, their indifference attitude towards purchase decisions and insufficient market information to take advantage of them. Such business practices are...

Recycling

Economic circularity seeks to transform the current linear model of production and consumption by focusing on three main principles: reducing consumption of finite material resources, recovering materials from waste through recycling, and extending product life through reuse. It examines the transition from a linear to a circular economy, which provides a value chain approach to...

Cottage

Cottage industries are small-scale manufacturing operations that operate out of residential areas including people’s homes. These industries are characterized by the small financial resources needed to set them up and the limited number of employees and output that they generate. Prior to the first and second industrial revolutions, production of consumer goods such as bags...