Finance Bill 2024 Proposes 80% Increase in Cooking Oil Prices, Manufacturers Lament
The Edible Oil Manufacturers Association of Kenya has opposed the new proposed tax measures contained in the 2024 Finance Bill, arguing they will have to increase cooking oil prices by 80 percent. The Bill seeks to impose a 25 percent excise duty on vegetable oils, which the association describes as a “potential humanitarian crisis that Kenya cannot afford.” In a statement released on Sunday…
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