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Startups marked for tax relief to spur innovation

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Business Daily | by Lynet Igadwah

Kenyan startups admitted to incubation hubs will pay less tax, if Parliament adopts proposals in a Bill which seeks to promote innovation among enterprises.

The Startup Bill, 2020 recommends a range of incentives including fiscal and non-fiscal support as well as protection of intellectual property rights.

Lack of capital has been flagged as key put off for entrepreneurship in Kenya, especially among the youth eyeing to kick-off their first ventures…

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