Double-edged tax measures to grow EAC local industries
Finance ministers (from left): Kenya's Henry Rotich, Tanzania's Philip Mpango, Uganda's Matia Kassaija, and Rwanda's Uzziel Ndagijimana holding their budget briefcase. The ministers presented the governments' spending plans to their respective parliaments on June 14, 2018. PHOTOS | NMG
What you need to know:
Higher taxation of imports is aimed at driving consumption of cheaper locally produced goods, spurring the growth of manufacturing and creating jobs that ultimately improve living standards.
