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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The majority of Kenya’s floriculture industry has put on hold development projects due to government delays in releasing VAT refunds, compounded by numerous levies, fees and charges that have created unpredictability and increased operational costs.
Clement Tulezi, Chief Executive Officer of Kenya Flower Council (KFC), says delayed VAT refunds currently held by the government exceeds Sh12 billion, putting pressure on growers and forcing them into costly borrowing.
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