@StandardMedia

Cofek expresses reservations over Treasury’s Sh3 trillion budget

1 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

1 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

10 hours ago, 10:05
@BusinessDaily - By: Constant Munda
Landmines in Kenya’s piling debt

Some of the country's major debts mature this year with Treasury likely being forced to resort to refinancing ...

Category: business news corporate lifestyle economy markets
7 hours ago, 13:12
@AfricaNews - By: Africanews
U.S. warns African nations against Chinese debt, offers 'sustainable' alternative | Africanews

Unveiled in 2013, President Xi Jinping’s “Belt and Road” initiative aims to build an infrastructure network connecting China by land and sea to Southeast Asia, Central Asia, the Middle East, Eur ...

Category: africa topnews news africa_business business
4 hours ago, 16:13
@StandardMedia - By: James Wanzala
Standard writer gets online backing over SGR expose

Kenyans on social media especially Twitter have come out in large numbers to stand with Standard Group’s investigative reporter Paul Wafula ...

Category: business news
8 hours ago, 12:02
@CITIZENTV - By: Dennis Otieno
Kenya gets lifeline to fix local sugar sector with COMESA extension

Kenya gets lifeline to fix local sugar sector with COMESA extension ...

Category: topnews news business
2 hours ago, 17:34
@BusinessDaily - By: Benson Amadala   
Kakamega water firm pilots Sh190mn smart meters

The gadgets will automatically transmit data to a system for billing clients, eliminating need for meter readers ...

Category: business corporate news
2 hours ago, 17:59
@CapitalFMNews - By: Margaret Njugunah
Govt to push for legislation that supports local manufacturers

NAIROBI, Kenya, Jul 17 - The government will continue to push for legislations that support and protects local manufacturers in line with President Uhuru Kenya breaking news | Kenya news today | ...

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