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Kenyan government fast-tracking special economic zones
- mrronnie3
- Jun 11, 2014
- 1 min read
The Government of Kenya is fast-tracking setting up of three special economic zones (SEZs), which would also house apparel factories, Standard Digital reported.
About 2,000 sq km are has already been set aside for the three SEZs being established in Kisumu, Mombasa and Lamu, which are expected to create 10 million jobs over the next 30 years.
Meanwhile, Kenyan Parliament is also likely to pass a law on establishing SEZs by this month-end. The Government will provide land, tax holidays, duty-free imports and waivers on value-added tax for enterprises setting up their manufacturing activity in the SEZs.
