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Originally published by Capital Business
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business
April 6, 2026
6h ago

Trade committee reviews SEZ law changes with Gulf Energy

Trade committee reviews SEZ law changes with Gulf Energy

The Departmental Committee on Trade, Industry and Cooperatives is reviewing the Special Economic Zones (Amendment) Bill, which seeks to extend tax incentives and concessions to upstream and midstream petroleum activities. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenyan lawmakers are reviewing proposed changes to the Special Economic Zones (SEZ) law to attract more local investment in the oil and gas sector. The amendments aim to extend tax incentives to upstream and midstream petroleum activities.

  • Gulf Energy has backed the proposed changes, citing benefits for local firms and improved regional competitiveness.
  • Key stakeholders including Gulf Energy, National Environmental Management Authority, and the Kenya Revenue Authority have made submissions to the Departmental Committee on Trade, Industry and Cooperatives.
  • Concerns have been raised by lawmakers, such as Narok West MP Samuel Parashina, about potential government revenue losses due to added tax incentives on projects like the planned exploration in South Lokichar.

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