Proposed income tax Bill 2018 could reduce Kenya’s attractiveness

[Photo: Courtesy]

Manufacturing is a key economic driver due to its ability to generate jobs and create wealth. Beyond this two key factors, a vibrant manufacturing sector can reduce reliance on imported goods and drastically tilt the balance of payments, transforming a country from a net importer to an exporter.

In time, this can prop up a country’s economy by impacting on other factors such as the balance of payment and demand for foreign currency.