President William Ruto has signed into law the Income Tax Bill, the Special Economic Zones (Amendment) Bill and the Technopolis Bill during a ceremony at State House Nairobi.
The new laws are aimed at streamlining Kenya’s regulatory framework, improving ease of doing business and positioning the country as a more competitive destination for local and foreign investment.
The Income Tax law seeks to align Capital Gains Tax administration with international best practices, while the amended Special Economic Zones framework expands investment opportunities into sectors such as oil and gas, agro-processing, manufacturing, mining and advanced technology-driven production.
The law also introduces a minimum 10-year licence tenure for large-scale investments to support long-term capital projects.
Meanwhile, the Technopolis Act establishes a legal framework for the creation and governance of technology and innovation hubs aimed at attracting global investors, research institutions and skilled talent.
The government says the reforms are part of Kenya’s broader strategy to accelerate industrialization, innovation and economic growth.
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