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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.
The manufacturers' lobby said high taxation will not spur investment and demand, especially in the prevailing tough economic times when affordability and share of wallet on essentials is become stretched. When businesses shit down or downsize there is a risk of job losses.
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