May 5 2023
State to establish industrial and export promotion fund
.Photo courtesy of The Standard
The government has revealed plans to establish an industrial and export promotion fund.
Principal Secretary for State Department of Industry Dr Juma Mukhwana said the fund will be established from the monies taxed on imports. He said the fund will also receive money from the exchequer and development partners.
‘‘Already the Ministry of Investment, Trade and Industry through the State Department of Industry has completed a public participation exercise to establish the export promotion levy,’’ said Dr Mukhwana.