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VAT exemptions on solar key to universal electrification by 2022

While Kenya’s target for universal electrification is set for 2022, about 18 million people in the country still have no access to electricity or any other modern form of energy, denying them opportunities to improve livelihoods and incomes.

Reinstating the VAT exemptions as proposed in the Finance Bill, 2021 on specialised equipment for solar and wind energy development and production is a most appropriate move that needs to turn on the lights for the underserved communities.

This change is key and will support the increased uptake of solar products as well as supporting the Big Four Agenda (food security, affordable housing, manufacturing, and affordable healthcare).

Read more: Business Daily

 


 

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