“A foreign investor coming to invest looks at regulatory risk. Are you certain in your regulations? You cannot wake up one day and say it is A, and by midday shift to B. Certainty is important, whether it is for a foreign investor, a local investor, or even the tax authority.”
Innocent Kihika, Senior Partner at SM & Co. Advocates, speaking at #JSCConversations @elisonk
#NBSUpdates
“The contracts have been worth approximately $22 billion. A substantial portion of that has stayed within the country. People won’t come out waving their flags saying, ‘I’ve got my contract in Tanga or Kingfisher,’ because the moment you do that, the whole village comes looking for you with all their problems.”
Innocent Kihika
#NBSUpdates #JSCConversations