×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Proposed Finance Bill threatens job security, warns bankers

Vocalize Pre-Player Loader

Audio By Vocalize

Kenya Bankers Association Ag. Chief Executive Officer Raimond Molenje. [Standard]

Bankers have warned of loss of jobs in the country due to looming reduced investments should the proposed Finance Bill sail through which partly seeks to introduce Value Added Tax (VAT) on foreign exchange.

The financial managers now say the bill that also seeks to introduce tax on foreign exchange may see a mass exodus of investors from the country, consequently hurting the employment sector.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Enterprise
From Boeing cockpit to truck seat: Building Africa's logistics backbone
By AFP 9 hrs ago
Business
France says G7 finance talks 'frank, sometimes difficult'
Business
Africa banks on continental trade agreement to rev up investments
Shipping & Logistics
How 300 containers were stolen from Mombasa port