Kenya: Levy exposes the grim in-fights among cement firms - The Africa Report.com

Kenya’s National Treasury, on recommendation from the Ministry of Trade and Investment, introduced a 10% Export Promotion Levy on clinker as a solution to Kenya’s limited forex outflow and the high trade imbalance as part of the new administration’s budget announcement.

But some cement manufacturers are concerned that the levy will create a monopoly in the industry, as there are very few Kenyan cement manufacturers that have theThis will force them to either buy the product from rivals or import expensively – subsequently passing the cost on to the consumer. In a presentation to the Finance and National Planning Committee at the end of May this year, Cemtech suggested the levies could go further – to 25% or more and fixed for a minimum of 15 years. “This is theGet unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

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