KEMMCOM Media and Communications

What changes will the new investment incentive regulation bring?

By: Samuel Bogale
Published On: August 6, 2022

There is a long-running controversy over the adoption of incentives. In the eyes of government officials, they are essential to foster the growth of domestic businesses across all sectors, which is crucial for generating more tax revenues in the long run. It is also seen by policymakers as a comparative advantage to draw in more Foreign Direct Investments (FDI), which has been sitting at around USD 3.5 billion over the last five years.