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Look beyond friendly taxes to win investors
Workers at an Export Processing Zone. While under Export Processing Zones Act (EPZ Act) the activities of EPZ enterprises are limited to manufacturing, commercial and service activities, the SEZ Act provides a long non-exhaustive list of activities. Photo/FILE
Kenya should look beyond offering preferential taxes in the push to attract more investors.
While it is a welcome proposal for the country to eye an increased licence period for Special Economic Zone (SEZ) firms from one year to 10, it should not be lost on the authorities that these zones already enjoy many other preferences.