Description: What's trending? ANALYSIS OF THE FINANCE BILL, 2022 Read More Roll-Out of New Generation Excise Stamps by KRA Read More Inflation Adjustment on Specific Rates of Excise Duty Read More More trending stories Article Notable Tax and Regulatory Changes Taking Effect in Kenya in 2021 Article Highlights of the Finance Bill, 2021 Article Highlights of
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Listed amongst the fastest growing economies in Africa as well as the most dominant economy in East and Central Africa, Kenya contributes more than 50% of the region’s GDP. It shares land borders with Somalia, South Sudan, Ethiopia, Uganda and Tanzania.
Kenya is the most industrially developed country in East Africa, with 62% of its GDP coming from telecommunications and financial services sectors. Industry, which centres on the country’s three largest cities – Nairobi, Mombasa and Kisumu – accounts for 16% of GDP and is dominated by agro and food processing such as grain milling, beer production and sugarcane crushing. Initiatives to strengthen manufacturing have been around favourable tax measures, including the removal of duty on capital equipment and o