Kenya Association of Manufacturers (KAM) has launched the next Edition of the Biggest Shopping Festival in Kenya - The Changamka Shopping Festival
The 4th Kenya Manufacturing Summit and Expo 2021, dubbed Changamka Shopping Festival, will present an opportunity for industry, stakeholders, and the public to celebrate and deliberate on transforming the nation through industrialization. It is also a platform to showcase the diversity of locally manufactured innovations and goods.
Kenya Association of Manufacturers has called for the revival of the sugar industry. This was during the launch of the KAM Sugar Sub-Sector Strategic Plan, which seeks to guide the industry’s growth, resilience and sustainability.
Speaking during the launch, Ministry of Industrialization, Trade and Enterprise Development Chief Administrative Secretary Dr Lawrence Karanja, noted that Government remains committed to reviving the sugar industry.
NCBA Bank Kenya PLC has today 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.
The High Court has today 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.”
Manufacturers have urged Government to harmonize laws, policies and regulations, at the National and County levels, to drive the competitiveness of local industry.
This was during the launch of the Regulatory Audit Report, 2020 that highlights regulatory challenges facing the business community across the country.
Industry has urged Government to urgently address headwinds to economic recovery, following the adverse effects of the COVID-19 pandemic.
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