Zachary Ochuodho @zachuodho
President Uhuru Kenyatta has agreed to extend the Standard Gauge Railways (SGR) promotion tariffs for services from Mombasa to Nairobi from July 1 to December 31.
This follows a request by Kenya Association of Manufacturers (KAM) during the recent 8th Presidential Round Table Forum at State House, Nairobi. The Head of State also said the government will remove some taxes which impede the growth of manufacturing sector.
KAM members urged the government to remove import declaration fees and railway development levy from raw materials, industrial input and machinery and increase them for finished goods.
Uhuru said new regulations under the Public Procurement and Disposal Act will soon be gazetted. The new rules pay more attention to the requirements of “Buy Kenya, Build Kenya” and the 40 per cent local content policy.
The President who was speaking during the launch of a Sh7 billion state-of-the-art Hot-Fill juice plant at the Nairobi Coca-Cola Plant, Embakasi yesterday said the investment, under the Coca-Cola Beverages Africa (CCBA), complements the country’s “Big Four” agenda.
Daryl Wilson, Coca-Cola Beverages Africa – Kenya managing director said the firm is witnessing a trend in which the entire fruit juice and sports drink segment is growing globally as consumer tastes and preferences shift.