Kanayo Awani, the Executive Vice President, Intra-African Trade and Export Development Bank (Afreximbank), signed on behalf of the Pan-African bank. “The JPPF is a critical collaborative tool through which the Bank and its partners pool resources to prepare bankable projects, given that one of the major challenges in developing projects was moving commercially viable projects to financial close," she said.
Cumulatively, the tax exemptions on MPs allowances have so far cost the government 638.6 billion Shillings since 2018, according to the Tax Expenditure Report for Financial Year 2022/23, by the Ministry of Finance, Planning and Economic Development.