NAIROBI, Feb 24 (Reuters) - Kenya will privatise sugar factories and impose an extra tax because it
NAIROBI, Feb 24 (Reuters) – Kenya will privatise sugar factories and impose an extra tax because it tries to revive the trade, President Uhuru Kenyatta’s workplace stated on Monday.
Trade consultants rely the excessive price of manufacturing and poorly funded authorities factories with getting old equipment among the many issues dealing with the East African nation’s sugar trade.
The federal government will act on all the suggestions made by a job pressure fashioned to give attention to reviving the sector, Kenyatta’s workplace stated in an announcement.
The duty pressure advisable reintroducing a levy.
“The sugar levy will probably be charged on shoppers in order to boost the income wanted to help farmers to develop their sugarcane crop,” Kenyatta’s workplace stated, with out offering particulars on the levy.
The duty pressure additionally advisable adjustments to sugar import guidelines, it stated, with out elaborating.
The federal government’s newest try to…