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KENYA/TAX CUTSBack
[Published: Friday June 12 2009]

Tax cuts to boost Kenya broadband

Nairobi, 12 June-(ANA)-Tax cuts and incentives have been announced in Kenya intended to boost broadband and mobile take-up as a new fibre optic cable is launched.

Kenya's Finance Minister Uhuru Kenyatta cut the 16% VAT on new phone handsets.

He also allowed internet providers to offset the cost of purchasing new fibre optic bandwidth for 20 years.

The first of three submarine cables connecting Mombasa port to Fujairah in the United Arab Emirates is being inaugurated by the president today.

Kenyans rely on slow and expensive satellite connections to the internet, but will not benefit from high-speed access until all three of The East African Marine Systems (Teams) cables are in place.

The project is a joint venture between the Kenyan government, Emirates Telecommunication Technology and a consortium of local investors. (ANA)

FA/ANA/12 June 2009---


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