Nairobi, June 14 -- The Finance Bill 2026 presents an opportunity to build the foundations of a globally competitive industrial sector capable of driving long-term economic growth and job creation.

Policy measures should be designed to enhance competitiveness, attract investment and encourage value addition. Instead, some of the Finance Bill proposals could increase the cost of doing business and weaken the sector's ability to create jobs and expand exports.

One of the most persistent obstacles facing manufacturers is the backlog of value-added tax (VAT) refunds. As at February 2026, businesses were owed at least Sh35 billion, straining cash flows and stifling expansion.

Addressing this challenge calls for the amendment of relevant law...