Nyeri government urged to review its tax regime to attract investors

A Nyeri businessman has challenged the county government to review its tax regime and create an enabling business environment that will stem rural-urban migration that has seen majority of young people move to cities in search of jobs.

Bradegate poultry industries Chairman, Thuo Mathenge regretted that increased taxes by the county government had pushed many people out of business.

Mathenge who has invested in poultry, wheat milling and in a middle level college in Nyeri said that investors were getting frustrated by the day following the county government’s move to increase taxes.

“How do we as a county attract investment if our tax and license regimes are so prohibitive? That’s how jobs are getting lost”, he said.

Speaking on Wednesday in Narumoru area where he met young traders from the county, Mathenge called for a review of the local tax and licensing regulations with a view to creating an enabling environment for investors.

“Let’s have policies that will stem the rural-urban migration by creating more employment opportunities locally”, he further said.

The businessman further noted that revival of the dairy and horticultural sectors within the county should be a matter of priority, adding that a New Kenya Cooperative Creameries factory in Kiganjo remained underutilised despite its potential to offer many jobs directly and indirectly.

Last year, traders in Nyeri held demonstrations protesting increased taxes and license fees for operating businesses within the county after the rates were tripled.

Eventually the county government gave in to the demands of the traders and put on hold implementation of the new rates.

By Martin Munyi

Source: KNA