Yatani targets beer, juice, water with higher taxes

Kenyans are set to be hit with higher prices of beer, cigarettes, fruit juice and bottled water after the Treasury proposed to increase the excise duty on these products by 10 percent in Thursday’s budget statement.

Treasury Cabinet Secretary Ukur Yatani said the higher excise, which is separate from the annual adjustment for inflation, is among new tax measures meant to help the government generate an additional Sh50.4 billion in the 2022/2023 fiscal year.