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Politics of Kenya takes place in a framework of a
presidential representative democratic republic, whereby
the President of Kenya is both head of state and head of
government, and of a pluriform multi-party system.
Executive power is exercised by the government.
Legislative power is vested in both the government and
the National Assembly. The Judiciary is independent of
the executive and the legislature. |
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www.epzakenya.com
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Since independence, Kenya has maintained remarkable
stability despite changes in its political system and
crises in neighboring countries. Particularly since the
re-emergence of multiparty democracy, Kenyans have
enjoyed an increased degree of freedom.
A cross-party parliamentary reform initiative in the
fall of 1997 revised some oppressive laws inherited from
the colonial era that had been used to limit freedom of
speech and assembly. This improved public freedoms and
contributed to generally credible national elections in
December 1997
Since the early 1990’s the Kenya Government has been
running various schemes with the aim of encouraging
investment and production for exports and local
consumption. The schemes offer
both fiscal and infrastructural benefits to business
community. The government continues to improve the
investment environment. Some of the policy initiatives
include:
• Liberalising the exchange controls
• Removing price controls
• Freeing the shilling exchange rate to be market driven
• Abolishing import licensing except for cases that
impact directly on national security, health, and
environment.
• Opening up of the capital markets to foreign
participation
• Generous Investment and capital allowance
• Remission of duty and Value Added Tax (VAT)
• Manufacture under Bond status
• Export processing zones status. Visit
www.epzakenya.com for
more details
• Double taxation agreements
• Signatory of a range of tax treaties ,
Investment Protection Agreements
and bilateral investment treaties
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