Kenya set to roll out Special Economic Zones

Published October 11, 2015

The government plans to roll out Special Economic Zones (SEZs) which will enjoy lower taxes to boost Kenya’s investment profile. The designated trading zones will be established in the first quarter of 2016, the Industrialisation ministry has said.

They are expected to help investors cut down on key cost drivers such as transport, with the hope that surplus funds would go towards value addition. The focus of the new policy on SEZs is that goods be produced closer to raw material sources and investors handed preferential terms on matters such as licensing.

“The ministry plans to roll out the Special Economic Zones in the first quarter of next year,” the Industrialisation ministry said last week following a business forum between Kenya and Tanzania.

President Uhuru Kenyatta in September signed the Special Economic Zones Act 2015, which spells out key measures to revamp activities in the blocs.