@StandardMedia

Cofek expresses reservations over Treasury’s Sh3 trillion budget

4 months ago, 18 June 00:00

By: Josphat Thiong’o

Members of Parliament have been asked to reject taxes that punish consumers, including the new Value Added Tax on basic commodities and an amendment to remove bank interest rate caps.

Consumer Federation of Kenya (Cofek) criticised the decision to raise the cost of food. “The cost of living will go up considering the cost of kerosene and transport will rise.

“The rise in excise tax especially on M-Pesa can only mean a bleak future for the consumer,” said Cofek's Stephen Mutoro.

“It is wrong that Rotich bowed to pressure at the expense of consumers.”


Read More


Category: business news

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@StandardMedia

Cofek expresses reservations over Treasury’s Sh3 trillion budget

4 months ago, 18 June 00:00

By: Josphat Thiong’o

Members of Parliament have been asked to reject taxes that punish consumers, including the new Value Added Tax on basic commodities and an amendment to remove bank interest rate caps.

Consumer Federation of Kenya (Cofek) criticised the decision to raise the cost of food. “The cost of living will go up considering the cost of kerosene and transport will rise.

“The rise in excise tax especially on M-Pesa can only mean a bleak future for the consumer,” said Cofek's Stephen Mutoro.

“It is wrong that Rotich bowed to pressure at the expense of consumers.”


Read More

Category: business news

Suggested

5 hours ago, 10:23
@CapitalFMNews - By: Agence France Pres ...
Once mighty US retailer Sears files for bankruptcy

WASHINGTON, United States, Oct 15 - Sears, the venerable US chain that once dominated the retail sector but had been in decline since the advent of the Kenya breaking news | Kenya news today | ...

Category: business enterprise
1 hour ago
@BusinessDaily - By: Stanley Ngotho
Sacked EAPCC workers protest over unpaid dues

The agitated workers, whose contracts were terminated four months ago, said they are yet to receive their dues despite a court order. ...

Category: business news
6 minutes
@BusinessDaily - By: Charles Lwanga
Tension as squatters take over ADC land

300 residents invade and sub-divide the farm for themselves, saying it is ancestral land. ...

Category: business news
2 hours ago, 12:49
@BusinessDaily - By: Patrick Alushula
SMEs credit seen staying low even after rate cap review

World Bank says removal of the floor on customer deposits could increase banks profitability without necessarily increasing lending ...

Category: business news
2 hours ago, 12:37
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SMEs credit seen staying low even after rate cap review

World Bank says removal of the floor on customer deposits could increase banks profitability without necessarily increasing lending ...

Category: business news
3 hours ago, 12:27
@BusinessDaily -
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