What is in store for companies under coveted flagship status

AN ARTIST'S IMPRESSION OF A SECTION OF THE PROPOSED KONZA TECHNOPOLIS. FILE PHOTO | NMG 

By BONFACE OTIENO

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Summary

• Among them are lower taxes and easy as well as faster licensing processes, special work permits for specialised experts and the sentimental value notwithstanding.
• The special economic zones provides customs and excise duty exemptions, VAT benefits, profit and capital repatriation at reduced rates, as well as enhanced intellectual property rights among other benefits.
• The flagship status is given to projects with the most innovative ideas and, which are in tandem with goals of the Vision 2030 which are improving quality of life and have the potential to drive Kenya into a middle income and industrialising nation.
• Among those that have attained this status are Konza, Tatu City, Lapsset, Base Titanium Kwale mining project.

 2030 which are improving quality of life and have the potential to drive Kenya into a middle income and industrialising nation.
 Product (GDP) of  the annually.

The project, he said will also distinguish itself as an exceptional contemporary real estate investment employing about 20,000 locals annually.

“We are very happy that the Kenyan government has now recognised Longonot Gate Development as a vision 2030 project. We are going to provide investment opportunities in sectors such as housing, education, hospitality, health, retail and manufacturing.”

Longonot gate development whose construction started in 2012 is running concurrently with another Sh120 billion Aberdare Hill project in Naivasha.

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