Assessing the impact of the Finance Act 2023 on Foreign Direct Investment in Kenya
by admin on | 2025-04-03 07:29:19
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The Finance Act 2023 introduced numerous f iscal policies and tax reforms which have had a direct impact on the attractiveness of Kenya as a potential investment area. Foreign Direct Investment is credited as being a crucial tool in enhancing economic development especially in developing countries. It is therefore important for developing countries to create an environment that encourages investment in said regions. This is especially so for Kenya as it is a leading economic hub in East Africa and therefore its ability to attract Foreign Direct Investment is crucial. The purpose of this study is therefore to investigate whether the provisions of the Finance Act 2023 including the changes and amendments on tax incentives and other tax regulations encourage or discourage foreign direct investment in Kenya. The Study also aims to conduct a comparative analysis between Kenya and other countries on the tax policies and regulations in the regions and how the policies have impacted foreign direct investment. The research incorporated doctrinal research methodology including the examination of the current Foreign Direct Investment trends. The research will also investigate Kenya’s Foreign Direct Investment trends before and after the introduction of the Finance Act 2023. The Research will be beneficial to potential investors as it will provide valuable information on whether Kenya provides a conducive environment on investment. It will also enable policy makers find out whether present policies attract investment and if not how to adequately amend them and finally it will assist academicians find valuable information on this field...Read more
