The Kenyan government is set to implement a new 15 percent minimum tax on large multinational corporations starting next year. This measure aims to curb tax avoidance by foreign companies accused of reducing their local tax obligations through payments to overseas affiliates.

• Most important fact or figure: A 15 percent minimum tax will be enforced on multinational corporations.
• Key person or organization involved: The Treasury and Kenya Revenue Offices (KRA) are involved in this initiative.
• Notable detail that adds context: The new regulations target "rogue foreign companies" that reduce local tax bills via payments to overseas affiliates.