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Originally published by Capital Businessbusiness
May 26, 2026
5h ago
Consumer Lobby Seeks Overhaul of Key Finance Bill 2026 Clauses Over Economic Pressure Fears
NAIROBI,Kenya,May 26-The Consumers Federation of Kenya (COFEK) has warned that several proposals in the Finance Bill 2026 could significantly raise the Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Consumers Federation of Kenya (COFEK) has called for significant amendments to the Finance Bill 2026, citing fears that its current clauses could increase the cost of living and weaken consumer protections.
- COFEK warns of “hidden digital taxation” and retrogressive VAT changes that could burden consumers and small businesses.
- The lobby expressed concern over a proposed 20 percent withholding tax on gambling winnings and a 25 percent excise duty on mobile phones.
- COFEK also highlighted potential breaches of the East African Community Customs Union Protocol due to proposed changes to rules-of-origin exclusions.
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