Gains from special export zones dip despite huge tax incentives

Kenya is foregoing huge tax income from companies operating in the Export Processing Zones (EPZs), whose returns are not commensurate with the economy’s expectations and targets.

This is as the firms’ key roles of creating employment and growing the economy dim. While the companies operating at various EPZs and their volume of export goods have been growing over time, their contribution to the economy has stagnated, according to the Tax Justice Network Africa (TJNA), a lobby against tax evasion.