Offer firms right incentives to list on the Nairobi bourse businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
News Highlights: KRA uses technology to seal off tax fraud, target SICPA, which supplies security inks for currencies and sensitive documents, including
THE STANDARD By
Peter Theuri |
February 13th 2021 at 00:00:00 GMT +0300
Courtesy
Kenya Association of Manufacturers (KAM) is lobbying for reinstatement of the electricity rebate programme, which was gazetted on July 31, 2019 for implementation but was removed months later through the Tax Laws Amendment Act, 2020.
It also wants a review of the Time-of-Use (ToU) policy to bring on board more industry beneficiaries through a new formula based on current industry power consumption data.
ToU metering is a method of measuring and charging a utility customer’s consumption based on when the energy is used. The tariff was implemented by the government in December 2017 to benefit commercial and industrial consumers.
KAM launches the Manufacturing Priority Agenda for 2021
Shares
The manufacturing industry in Kenya has urged Government to address hinderances to economic recovery, following the effects of the COVID-19 pandemic on the economy.
This was during the launch of the Kenya Association of Manufacturers (KAM) 2021 Manufacturing Priority Agenda (MPA), themed
From surviving COVID-19 to thriving: Manufacturing sector rebound for sustained job and investment growth.
Speaking during the launch, KAM Chair, Mr. Mucai Kunyiha, noted that economic recovery highly depends on goodwill and full commitment from government. “Efforts to enhance our productivity are hampered by the increasing cost of doing business and low competitiveness. Some of the issues that contribute to this are regulatory overreach high cost of energy, transport, and logistics costs. To resolve these headwinds, it is paramount that government and its agencies strongly commit and demonstrate goodwill to securing the future of
2021-02-10 16:55:35 GMT2021-02-11 00:55:35(Beijing Time) Xinhua English
Video Player
Close
NAIROBI, Feb. 10 (Xinhua) Kenyan manufacturers Wednesday launched a policy plan to support the recovery of the sector from the devastating effects of the COVID-19 pandemic.
Mucai Kunyiha, chairperson of Kenya Association of Manufacturers (KAM) told a virtual press conference that the 2021 Manufacturing Priority Agenda (MPA) provides a strategy to guide the public and private sector to urgently address the challenges facing local industrialists. The medium and small entrepreneurs are the future of manufacturing, and if fully supported, they will support robust economic recovery and job creation, Kunyiha said.