Insights from National Budget Breakfast Forum

CS Treasury Prof. Njuguna Ndung’u presented the 2024/25 Financial Year budget before Parliament on 13th June 2024. To offer an in-depth analysis of the budget, PwC Kenya hosted a Budget Breakfast Forum on Friday morning.

During the event, KAM Chief Executive Anthony Mwangi shared insights into KAM’s position on the budget. Mr Mwangi noted, “Manufacturing has a substantial impact on the economy. We have been advocating for the correction of policy and taxation inconsistencies to make us more competitive. We have encountered proposals that will help stop the bleeding.”

In a similar vein, he added, “The focus on agricultural value chains is a master stroke for the Kenya Kwanza government. This strategic approach not only aims to boost agricultural productivity but also to integrate various stages of the value chain, from production to processing and marketing. We have seen that money has been allocated to County Aggregation and Industrial Parks (CAIPs) and Special Economic Zones (SEZs). These allocations are essential because they offer the required infrastructure and incentives for businesses to thrive.”