NCBA, KAM partner to support manufacturing SMEs
NCBA Bank Kenya PLC has partnered with Kenya Association of Manufacturers (KAM), to enhance the development of Manufacturing SMEs in the country.
The two-year deal will see the lender and KAM support 300 Manufacturing SMEs. This shall be done through capacity-building programs to address some of the challenges facing local Manufacturing SMEs. Through the partnership, the two institutions shall also provide financial solutions and promote market access through exhibitions, regional and international trade missions.
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The High Court has granted an injunction against the implementation of the Minimum Tax
Justice George Odunga sitting in Machakos stated that, “… I grant conservatory orders restraining the 2nd Respondent (Kenya Revenue Authority) whether acting jointly or severally by itself, its servants, agents, representatives or howsoever otherwise from the implementation, further implementation, administration, application and/or enforcement of Section 12D of the Income Tax Act, Chapter 470 of the Laws of Kenya as amended by the Tax Laws (Amendment) (No.2) Act, 2020 by collecting and/or demanding payment of the Minimum Tax pending the hearing and determination of this Petition.”
The case, filed in Machakos by Kitengela Bar Owners Association through their lawyers Okwach & Company Advocates, has raised similar issues to the suit that had been filed last month by Kenya Association of Manufacturers, Retailers Association of Kenya and Kenya Flower Council in Nairobi.
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