Little investment in beer sector linked to tax uncertainty

NAIROBI, Kenya, Aug 11 - Unpredictable taxes and policies have been cited as key inhibitors to investment in Kenya’s beer industry. EABL Group Kenya breaking news | Kenya news today |..
✨ Key Highlights
Unpredictable taxes and policies are hindering investment in Kenya’s beer industry, according to industry leaders. This uncertainty makes it difficult for investors to forecast returns on significant capital outlays.
- The last major investment by EABL in Kenya was Sh13 billion in 2017 for the Kisumu Brewery.
- Eric Kiniti, Group Corporate Relations Director at EABL, highlighted the need for stable and predictable tax policies.
- Unlike Tanzania where tax increases occur every three years, Kenya lacks a coherent and predictable tax framework, making long-term planning challenging.
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