Raila’s Visit To The Proposed Special Economic Zone Site In Ombeyi, Muhoroni, Turns Chaotic

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A visit by ODM leader Raila Odinga to the proposed special economic zone site in Ombeyi, Muhoroni, turned chaotic on Monday after some residents held demos after residents claim the government did not consult them.

Residents claim their ancestral land was reverted to the Kisumu municipal council early 1980s and they now want the land reverted and compensation before the project begins.

The proposed economic zone was by default for the area enjoy lower taxes to boost Kenya’s investment profile and help investors around Ombeyi to cut down on key cost drivers such as transport, with the hope that surplus funds would go towards value addition.

Enterprises at the special economic zone will enjoy several tax incentives under a tightly monitored set-up to avoid losses of government revenue. The preferential tax terms will include value-added tax (VAT) exemption on all supplies of goods and services to enterprises, reduction in corporate tax to 10 percent from 30 percent for a period of 10 years of operation and 15 percent for the next 10 years.

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