East African states roll out budgets with view to spurring growth, boost regional trade
Kenya, Tanzania, Uganda and Rwanda invest heavily in infrastructure as they announce tax measures to protect local producers but encourage imports in crucial sectors. TEA Graphic
East African governments have used taxes to cushion their local industries on the one hand and encourage imports that support key sectors, such as infrastructure and energy, on the other, in a balancing act that gives fresh impetus to implementation of the Common Market Protocol.
In budget proposals announced on Thursday, Kenya, Uganda, Rwanda and Tanzania have either reduced or removed duty on imports for key sectors such as energy, communications and infrastructure.
