Reference is made to an article published on Monday, 19th June 2023 by The Standard newspaper,
regarding the Kenya Association of Manufacturers (KAM) and Confederation of Danish Industry (DI)
2020 and 2021 project irregularities.
The National Assembly published the Finance Bill, 2023 on 28th April 2023 that seeks to amend laws relating to various taxes and duties while proposing new taxes, regulations, and incentives. Kenya Association of Manufacturers (KAM) engaged its members on the Bill and thereafter presented to the National Assembly’s Departmental Committee on Finance and National Planning, on 24th May 2023, a memorandum of its members’ feedback, concerns, and proposals.
The National Assembly published the Finance Bill 2023 on 28th April 2023. The Bill seeks to amend laws relating to various taxes and duties such as the Income Tax Act, Value Added Act (VAT), Tax Procedures Act and Excise Duty Act while proposing new taxes, regulations, and incentives.
Manufacturers from Kenya have called for export-led manufacturing growth to increase the sector’s contribution to the GDP from the current 7.8% to 20% by 2030. This was during the Trade and Investment Mission to the Democratic Republic of Congo (DRC) hosted by Kenya Association of Manufacturers (KAM) in partnership with Equity Bank, in Kinshasa to discuss trade promotion between the two countries.
Manufacturers have been urged to promote gender equality and women workers’ welfare in an increasingly competitive world. This was during the first–ever Gender in Manufacturing Forum, hosted by Kenya Association of Manufacturers (KAM) in partnership with IDH Kenya (the Sustainable Trade Initiative).
Kenya Association of Manufacturers (KAM) is concerned by the gazettement and implementation of Legal Notice No. 30 of 2023 titled: The Excise Duty (Excise Goods Management System) (Amendment) regulations 2023 that effectively; increases the rates of excise stamp fees for bottled water, juices and any other non-alcoholic drinks, cosmetics, alcoholic beverages, tobacco and nicotine products and export products.
Manufacturers have today called on the government to revive and industrialize Kenya’s agriculture sector. This was during the launch of the Kenya Association of Manufacturers (KAM) Manufacturing Priority Agenda (MPA) 2023.
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