‘Kinship tax’ puts the brakes on business – Kenyan study measures the impact of helping family
IMAGINE working hard to build your business, only to find that your success brings about a wave of requests for help that you can’t turn down. This is a reality for many in African communities, where sharing income is a deeply rooted tradition. In fact, 93% of Kenyans I surveyed in a study of entrepreneurs believed that success in business led to financial demands from friends and family. Research has highlighted that resource sharing within African communities serves as a crucial social safety net. It helps in the pooling of risks for households and in providing partial insurance among members…