Manufacturers urge government to lower cost of doing business

Kenyan manufacturers have called on the government to lower the cost of doing business in the country, with particular focus on reducing electricity prices, creating predictable tax policies, and eliminating multiple licences and levies that increase production costs. The Kenya Association of Manufacturers (KAM) made these demands during the fourth Kenya Industrialisation Summit, as President William Ruto outlined plans to raise manufacturing's contribution to 20 percent of GDP and create one million jobs by 2030.

The manufacturers emphasized the need for a stable policy and regulatory environment to encourage investment, expand production, and create jobs, and urged the government to review tax policies across the manufacturing value chain and address the cost of electricity, which remains higher in Kenya than in several regional markets.

Brief written by urgent.news from Capital Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.