Grapevine

By Standard Media
Sep 30, 2024

High energy costs, unpredictable taxes cut private sector efficiency

Trade Cabinet Secretary Salim Mvurya. [File, Standard]

Unpredictable tax regimes, high energy costs, and a lack of tax policies have been cited as major issues that negatively impact Kenya’s trade and industry sectors.

Also, the introduction of multiple levies including the import and export levies have had a significant impact on the sector.

This emerged during a four-day consultative meeting between the Ministry of Trade and Industry and stakeholders from the private sector.

At the event, the private sector was lauded for its pivotal role in promoting the trade and industry sector.

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