Browsing: Kenya’s Vision 2030

• Companies within the Special Economic Zone (SEZ) benefit from reduced corporate tax rates, zero-rated VAT, lower withholding taxes, and preferential import duties.
• The business hub has successfully attracted 17 firms so far, and eight have already enjoyed the benefits of the SEZ framework.
• By 2040, Nairobi Gate envisions a facility that supports Kenya’s industry needs and serves as a model for SEZ operations in sub-Saharan Africa.

Nairobi Gate Industrial Park Special Economic Zone (SEZ) has announced the groundbreaking of its fifth phase, a $7 million expansion project in Kenya’s agro-processing industry.

Designed to support Kenya’s agro-processing potential, this initiative reflects Nairobi Gate‘s strategic commitment to nurturing local industries and empowering the country’s role in regional and global supply chains.

The development aims to create a modernized environment tailored for light manufacturing, offering critical infrastructure and streamlined operational benefits for businesses.

Scaling up agro-processing and light manufacturing

At the heart …

Therefore, investing in pro-poor development projects is one of the best ways to address poverty and the cost of living in Kenya. Economic empowerment of the various groups can improve families’ lives and address the country’s ever-rising poverty levels. Kenya desperately needs a solution to poverty and the cost of living. Therefore, actualizing socio-economic development could prove a viable approach.…