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BBI Is Good For Business, President Kenyatta Says
President Uhuru Kenyatta has said the Building Bridges Initiative (BBI) constitutional reform process will better the business environment in the country.
The President said reform proposals such as the seven-year tax holiday proposed by the BBI will guarantee the survival of business start-ups in the country.
“In fact, the BBI initiative, which is about constitutional change and legislative change as well, will facilitate this process. Through the legislative aspect of BBI, we intend to provide a seven-year tax holiday for young entrepreneurs like the 750 grantees of this project,” President Kenyatta said.
He noted that the tax holiday will assist young entrepreneurs to plough back their profits into business and grow their enterprises.