Treasury CS gives local industries major boost

MPs from left Faith Gitau(Nyandarua), Amos Kimunya(Kipipiri) and Rahab Mukami(Nyeri) share light moment after the 2018-2019 Budget reading at Parliament on Thursday 14/06/18[Boniface Okendo,Standard]

Local manufacturers have been handed a reprieve as Treasury introduces new policies to promote procurement of locally manufactured goods and reduce the cost of production.

In his Budget speech on Thursday, National Treasury Cabinet Secretary Henry Rotich presented a raft of proposals aimed at stimulating growth in the sector that has stagnated in recent years.