Eight Business Associations representing the business community in Kenya have come together to call for the abolishment of the 1% minimum tax introduced by Government, set to take effect on 1st January 2021.
Manufacturers have launched standards aimed at enhancing efficiency and accountability at the ports and border points in the country.
The Standard Operating Procedures (SOPs) developed by Kenya Association of Manufacturers (KAM) seek to ensure better and more efficient entry operations to facilitate trade and enhance the fight against illicit trade.
Manufacturers yesterday signed a Memorandum of Understanding (MoU) towards the establishment of an Industry Credit Group, that will seek to curb the late payment culture which is the biggest impediment to liquidity for businesses.
Umoja Rubber Products Limited is the overall winner of this year’s Energy Management Award. Mombasa Cement, Athi River Unit took the runners up award. The event themed ‘Rewarding Excellence in Sustainable Energy’ awarded over 20 companies that have achieved significant reductions in their energy consumption through the implementation of energy-efficient measures and technologies.
Overarching interventions are needed to aid the country’s economic and manufacturing sector’s recovery from the impact of COVID-19 as businesses navigate challenges caused by shocks arising from the virus. This is a recommendation of a Manufacturing Resilience and Sustainability Policy Toolkit launched by Kenya Association of Manufacturers and KPMG.
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The Kenya Association of Manufacturers wants your company to live up to its full potential. That’s why we provide direct technical assistance and training to growth-oriented manufacturing SMEs, keeping you at the top of your game always.