Manufacturers warn high taxes and power costs crippling firms

Solar panels on the rooftop at Two Rivers Mall. [Wilberforce Okwiri, Standard]

Manufacturers have raised the red flag over high taxation and planned further raises in the cost of power which they project could worsen the business environment leading to a shutdown of operations.

The Kenya Association of Manufacturers (KAM) warned over the weekend the two factors coupled with the ongoing economic slowdown is creating a perfect storm for crippling local businesses.