Why Equity Bank CEO Dr James Mwangi backs Treasury's 16% VAT on fuel

Eugene Okumu Sep 04,2018


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Dr James Mwangi, Equity Group Holdings Limited CEO, has defended the move by Treasury to levy a 16 per cent value added tax of petroleum products.
Dr Mwangi said Kenyans cannot expect to develop and compete economically at a global scale without making sacrifices.