President Uhuru Kenyatta has said the Building Bridges Initiative (BBI) constitutional reform process will better the business environment in the country. The president said reform proposals such as the seven-year tax holiday proposed by the BBI will guarantee the survival of business start-ups in the country. Through the legislative aspect of BBI, we intend to provide a seven-year tax holiday for young entrepreneurs like the 750 grantees of this project,” Uhuru said. Uhuru noted that the tax holiday will assist young entrepreneurs to plough back their profits into the business and grow their enterprises. The business plan competition is a component of the 1.3 billion World Bank-funded Kenya Youth Employment and Opportunities Project (KYEOP).

Source: The Star February 24, 2021 12:45 UTC