Why Finance Bill 2023 will attract investors - Rachel Ruto

 

First Lady Mama Rachel Ruto has joined the campaign to back the proposed Finance Bill 2023.

The First Lady on May 29, said that the proposed VAT exemption on exported services in the Finance Bill, will encourage more investors to set up markets in Kenya.

"Through the Kenya Investment Authority, the government is implementing the one-stop shop concept to facilitate investor entry into the country," she said.

She spoke during the annual Teresia Wairimu Evangelistic Ministries conference in Dallas, Texas.

Mama Rachel stated that Micro Small and Medium enterprises(MSMEs) are some of the sectors that will benefit from the investment opportunities.

First Lady Mama Rachel Ruto in Dallas ,Texas on May 29,2023
Image: TWITTER/FIRST LADY

Others include housing and settlements, manufacturing, the digital superhighway, the creative economy, the service economy, and environmental and climate action.

The First Lady planted a tree after her fellowship in Dallas where she attended the church service.

On May 25,  Rachel urged US investors to take advantage of Kenya's strategic position as the gateway to East Africa, to trade with the country and the region.

"Investors are invited to explore the opportunities in these sectors and take advantage of Kenya's young and vibrant population, improved infrastructure, and supportive investment climate," she said.   BY THE STAR