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Originally published by The Standard Business
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June 30, 2026
2h ago

Price hikes, job cuts loom after new tax on furniture

Price hikes, job cuts loom after new tax on furniture

Kenya's furniture manufacturers have been slapped with a surprise tax on imported wood-based boards in the new Finance Act that they say was without public participation...

✨ Key Highlights

Kenyan furniture manufacturers face potential price hikes and job cuts following the introduction of a new tax on imported wood-based boards in the Finance Act.

  • The furniture manufacturers are concerned the tax, introduced without public consultation, could dismantle investments in local production.
  • This surprise tax impacts manufacturers who rely on imported wood-based boards as they argue local options do not meet market demands for finishes.
  • The potential consequences include increased costs for consumers and a threat to jobs within the industry.

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