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Prime
State sets sights on tax breaks to lift research
From Left: Elgon Kenya Managing Director Bimal Kantaria, Prime Cabinet Secretary Musalia Mudavadi and Nairobi University Vice-Chancellor Stephen Kiama during the groundbreaking ceremony for Kantaria Agricultural Technology and Innovation Centre (KATIC) at the University of Nairobi, Upper Kabete campus on July 25, 2023. PHOTO | KENNEDY AMUNGO | NMG
The Kenyan government will consider extending tax reliefs to research undertakings and related resources as the country revamps the sector to account for at least two percent of the gross domestic product (GDP).
Prime Cabinet Secretary Musalia Mudavadi said on Tuesday that the measure, if implemented, would boost innovation.
