Category: Infrastructure
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Align petroleum and electricity infrastructure with energy shift
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Just as landline telephones have been replaced by mobile and Internet technologies, so will oil-based energy be replaced by renewable energy technologies, which include electric mobility. This is already happening here in Kenya with the help of new investments in electric vehicles, accommodative policies, and financial support. For this reason,…
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Infrastructure bonds face 5pc tax
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Interest earned on future infrastructure bonds with a term of at least three years will for the first time attract a withholding tax at the rate of five per cent if proposals in the Finance Bill 2024 are passed through Parliament. Infrastructure bonds (IFBs) have been tax-exempt since they were…