Firms stockpile supplies ahead of Finance Bill vote

Parliament in session. FILE PHOTO | JEFF ANGOTE | NMG

Kenyan companies are boosting their stocks of supplies for fear of higher costs in the future amid the current flagging sales, a closely watched survey has found.

The stockpiling is coming at a time companies have warned of a higher cost of products when the proposed taxation measures on manufacturing inputs in the Finance Bill 2023 take effect from next month.

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Note: The results are not exact but very close to the actual.