Seven-year tax exemptions for startups among bold proposals in BBI report


Seven-year tax exemptions for startups among bold proposals in BBI report
President Uhuru Kenyatta receives the Building Bridges Initiative (BBI) report at State House Nairobi. PHOTO| PSCU

In Summary

  • Conversation on unbundling the unique propositions in the 9-point report which was officially launched at the Bomas of Kenya on Wednesday, are ongoing.
  • The main concerns are now directed to how unique and beneficial propositions of the BBI are implemented to better lives of Kenyans especially starting at the grassroots level.

The recently launched Building Bridges Initiative (BBI) report has made several bold proposals which the taskforce believe will transform the country.

In the report, the taskforce proposed tax exemptions for startup businesses especially small and medium enterprises for a period of up to seven years.

This comes even as the youth remain on the frontline agitating for implementation of the elements within the BBI that seeks to address decades of inequality, unemployment and segregation of the youth on opportunities.

“You see everyone grows up looking up to someone to form their own identity… so what we want to see is when the report is unbundled it addresses these issues affecting the youth…,” said Emmanuel Ng’etuny – National Convener of BBI volunteers.

Key among the proposals is also introducing a National Heritage Day either on December 26 to replace Boxing Day or January 1 to be marked annually.

Speaking to Citizen Digital, Ambassador Martin Kimani who is also the lead architect of the report said for the country to build a national ethos, it is not a top down arrangement, Kenyans will actually build it on their own adding that every culture is Kenyan.

The Taskforce also recommends that there is a need to rewrite Kenya’s history by firming up National ethos and even entrenching ethics in Kenya’s curriculum and further strengthening the Leadership and Integrity Act.

“ You may seek out a neighbor or a friend from another neighbor…during culture day eat together…because by knowing each other more the taskforce believes that Kenyans will find out that kumbe our values and the way we think of the world is not very different,” said Amb.Kimani.

Conversation on unbundling the unique propositions in the 9-point report which was officially launched at the Bomas of Kenya on Wednesday, are ongoing.

The main concerns are now directed to how unique and beneficial propositions of the BBI are implemented to better lives of Kenyans especially starting at the grassroots level.

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Story By Elphas Lagat
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