MANUFACTURERS now want the government to create a dedicated fund for VAT refunds to help address delays facing investors in the country which continues to cause cash-flow strains, slowing down investments.
This is on the back of low allocation to the Kenya Revenue Authority to clear VAT refunds, amid a continued rise in pending bills owed to the private sector by both the national and county governments which according to the Kenya Association of Manufacturers (KAM), it has hit Sh800 billion.
