Government seeks to  cut power costs, taxation for investors

Government seeks to  cut power costs, taxation for investors

The government is reviewing its industrialization policy to allow investors to draw cheap, stable power directly from producers, as it moves to curb the exodus of manufacturers to neighboring countries. The Principal Secretary for Industry Dr Juma Mukhwana said the review follows concerns that dozens of industries had shut down and relocated to countries offering cheaper power and more stable tax regimes. Dr Mukhwana said the revised policy will…