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March 31, 2026
3h ago

Kenya Offers Major Tax Breaks to Oil and Gas Firms Ahead of Production

Kenya Offers Major Tax Breaks to Oil and Gas Firms Ahead of Production

Parliament is seeking to make changes to various tax laws in a bid to attract more companies and investments in the sector...

✨ Key Highlights

The Kenyan National Assembly is considering the Special Economic Zones (Amendment) Bill, 2026, which proposes significant tax incentives for oil and gas companies operating within designated zones, ahead of planned December 2026 production.

  • Major tax breaks including exemptions from import duties, VAT, and certain levies for oil and gas firms investing in exploration and midstream activities.
  • Introduced by Leader of Majority, Kimani Ichung’wah, aimed at attracting foreign investment and boosting job creation, particularly around the Turkana oil fields.
  • The bill also allows for 10-year minimum operating licenses and the creation of dedicated oil and gas zones.

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