As reported in the Business Daily this week, the Trade ministry has at last acknowledged the devastating impact of the 17.5 percent Export Promotion Levy on clinker and steel billet imports. This policy, in place for over two years, has severely hindered two crucial economic sectors.
Cabinet Secretary Lee Kinyanjui’s appeal to Parliament for its repeal is not merely a policy reversal; it represents a vital lifeline for thousands of jobs, a clear rejection of monopolistic cartels, and a demonstration of decisive leadership. For this, we express our profound appreciation.
