Manufacturers warn Finance Bill proposals will raise costs, kill jobs

Kenya Association of Manufacturers CEO Anthony Mwangi during the launch of the Responsible Care Kenya Initiative at the Norfolk Hotel on Jully 5, 2023. [David Gichuru, Standard]

Manufacturers have protested at some of the proposals in the Finance Bill, 2024, noting they will make locally made products expensive and uncompetitive in the country and the region.

The companies claimed the taxes imposed by last year's Finance Act have crippled some of the local industries, whose products have become too expensive to compete with imports.