By EDWIN OKOTHMore by this AuthorTaxpayers coughed up Sh95 billion in five years to finance the standard gauge railway to June 2018 from imported goods alone. Traders who have been paying an extra 1.5 per cent on the total value of imports have always passed down the levy to consumers. According to the Kenya National Bureau of Statistics Economic Survey 2019, the value of imports rose by 2 per cent in 2018, creating an even better yield for the SGR levy. “Expenditure on imports rose by 2 per cent from Sh1.72 trillion in 2017 to Sh1.76 trillion in 2018,” KNBS wrote in the report released last week. Treasury external debt redemption documents show that Kenya projects to repay Sh26 billion more to the Exim bank from the next financial year.

Source: Daily Nation May 01, 2019 20:55 UTC