World Bank Urges Kenya to Cut Power Prices, Stabilize Tax Regime

AI Summary

The World Bank urged Kenya to reduce electricity costs and provide a more predictable tax regime to attract private investment and support job creation. The recommendations are part of broader reforms aimed at improving the country’s investment climate.

Kenya needs to lower the cost of electricity, create a more stable tax environment and undertake other reforms to attract private-sector investment and create jobs, according to the World Bank.