KNCCI warns of mass layoff over proposed eco-levy, excise duty

Head of policy research at the KNCCI Kiplimo Kigen. [Courtesy]

Industries have warned of mass job cuts should MPs pass the Finance Bill, 2024 without amendments to the proposed eco-levy and excise duty.

Kiplimo Kigen, the head of policy research at the Kenya National Chamber of Commerce and Industry (KNCCI) said members would either shut down, remodel their businesses to import finished goods or relocate to other East Africa Community (EAC) member states.