July 19, 2018

Kenyans in Uganda to get tax waivers

Kenyans in Uganda to get tax waivers

Resources from Kenyans in the diaspora will be harnessed to develop the country, the government has said. Foreign Affairs Cabinet Secretary Amina Mohammed yesterday said the diaspora policy launched early this year will enhance Kenya’s socioeconomic transformation.

She spoke in Kampala yesterday when she met Kenyans living in Uganda. “We want our brothers and sisters working abroad to be part of the transformation taking place at home,” she said. “We are streamlining and simplifying the process of remitting money and developing an investment incentive framework.”

The framework includes lowering the cost of diaspora transactions as well as aggregate remittances. Amina said plans are underway to explore the possibilities of preferential duty waivers and other concessions for diaspora businesses.  Read more

 

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