Manufacturers warn of soaring packaging costs under 2025 Finance Act

  • | Citizen TV
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    The implementation of the Finance Act of 2025 is expected to significantly raise the cost of paper packaging in the country. An issue that Kenya’s manufacturing and export sectors now say will put them under renewed pressure, making Kenya unattractive. According to the CEO of the Kenya Association of Manufacturers, Tobias Alando, this will see the cumulative taxes on imported paper packaging materials surge from under 50 percent in 2022 to over 111 percent in 2025.