{"id":71710,"date":"2022-10-19T15:55:03","date_gmt":"2022-10-19T15:55:03","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto"},"modified":"2022-10-19T16:13:27","modified_gmt":"2022-10-19T16:13:27","slug":"fake-stamps-in-manufacturing-costing-kenya-revenue-ruto","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto","title":{"rendered":"Fake stamps in manufacturing costing Kenya revenue \u2014 Ruto"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>President William Ruto has said that Kenya loses revenue in the manufacturing industry because of use of fake stamps on products.<\/p>\n

The President said the lost revenue is ending up in the pockets of people behind the production and use of the fake revenue stamps.<\/p>\n

“Part of our revenue gets lost because of the stamps that you use on your manufactured goods. Part of why our contribution of manufacturing to GDP is low is because many people pocket money meant for taxes,” Ruto said.<\/p>\n

He was speaking on Wednesday during the Kenya Manufacturing 20 by 30 Initiative in Nairobi.<\/p>\n

The President used the platform to urge the manufacturing sector to champion the creation of jobs in the country.<\/p>\n

“You have persuaded me that it’s possible for us to create one million jobs from the manufacturing sector and move the contribution of our GDP from seven per cent to 20 per cent in eight years,” Ruto said.<\/p>\n

He promised to support the industry in ways possible to make this a reality.<\/p>\n

“I promise you I will be available, my administration will be available so that we can actualise all these opportunities together.”<\/p>\n

The President said by 2030, Kenya should be able to move revenue contributions and produce one million jobs from manufacturing.<\/p>\n

While promising that he will make the tax regime predictable, Ruto said if the job creation targets are achieved, there will be no exceptions for anyone not to pay taxes.<\/p>\n

“We must all pay taxes and I will lead the way, there will be no exceptions for people who are politically connected, there will be no exceptions for anybody,” he said.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. President William Ruto has said that Kenya loses revenue in the manufacturing industry because of use of fake stamps on products. The President said the lost revenue is ending up in the pockets of people behind the production and use of the fake revenue stamps. “Part of our revenue gets lost because […]<\/p>\n","protected":false},"author":84,"featured_media":71707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[6857,7003,544],"class_list":["post-71710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nFake stamps in manufacturing costing Kenya revenue \u2014 Ruto - kenya<\/title>\n<meta name=\"description\" content=\"President William Ruto has said that Kenya loses revenue in the manufacturing industry because of use of fake stamps on ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fake stamps in manufacturing costing Kenya revenue \u2014 Ruto\" \/>\n<meta property=\"og:description\" content=\"President William Ruto has said that Kenya loses revenue in the manufacturing industry because of use of fake stamps on ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-19T15:55:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-19T16:13:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/10\/postQueueImg_12-6350220f1520b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fake stamps in manufacturing costing Kenya revenue \u2014 Ruto\",\"datePublished\":\"2022-10-19T15:55:03+00:00\",\"dateModified\":\"2022-10-19T16:13:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto\"},\"wordCount\":289,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/10\/postQueueImg_12-6350220f1520b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fake-stamps-in-manufacturing-costing-kenya-revenue-ruto\",\"name\":\"Fake stamps in manufacturing costing Kenya revenue \u2014 Ruto - 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