President William Ruto now says the government has put in place incentives to attract foreign businesses.
Speaking on Monday, May 8 during a business forum that brought together investors from the Netherlands held at The Hague in The Netherlands, President Ruto stated that the Government is improving its one-stop-shop facility to make it easy for investors to do business in the country.
“We have taken measures to implement reforms to attract foreign direct investments,” the Head of State said.
He told the investors that the Government has resolved the bureaucratic VAT refunds.
The President also appealed to foreign investors to inject their finances in the affordable housing project, preventive healthcare, MSMEs and the creative economy.
Ruto noted that the country was facing a shortage of houses, especially in major cities.
“We will provide land for the construction of the houses for free to reduce the cost of production,” he said.