Business leaders warn taxes on inputs impede local production

Hon. Lee Kinyanjui Cabinet Secretary Ministry Of Investments Trade And Industry speaking during dinner with leading Kenyan business persons. [Wilberforce Okwiri,Standard]

Business leaders want the government to impose higher taxes on imports while supporting local manufacturing by removing levies on raw materials. Additionally, the business community seeks a share of the incentives extended to foreign investors, even as the government encourages more international enterprises to establish operations in the country.

To ensure Kenyan products secure a larger share of global markets, the government has announced plans to set up an export-import bank aimed at improving the visibility of Kenyan products abroad. This move follows similar steps taken by Uganda and Tanzania.