The Proposed Finance Bill Will Kill Companies in Kenya - Anthony Mwangi, C.E.O - K.A.M

#JeffAndNickOnHot

[@nelsonmoreka6929]

Just imagine the brilliant Anthony Mwangi and the likes being regulated by peter salasya of our parliament. Just compare and imagine.

[@obedkm]

I am now convinced that this taxation is by design. No wonder there is a class of Kenyans with companies registered in Dubai and other places. Lord have mercy. God forgive us of this wickedness.

[@janendegwa5462]

Of course if you have resources there's no point in investing in Kenya especially manufacturers no point

[@CorncropTv]

It's called imposed austerity. Kenya had to go the International Monetary Fund for the loan needed to avoid defaulting on its debts. Not sure why this guy is talking like it's all happening in a vacuum. Austerity sucks, managing your debt to GDP better is important.

[@janendegwa5462]

@@CorncropTv theres something fishy in western countries austerity is done and when they do it they reduce givernment spending on benefits like welfare, housing etc never taxing people out of bussiness, never heard of it they could have demanded cuts in salaries freeze in government employing people such thing but noone touches the private sector its always the biggest employer and tax payer so kuna uwongo

[@AbdirahmanNoor]

Public policy should not be left in the hands of politicians alone because the political class have no legal, integrity, honesty, allegiance, patriotism and moral authority to put the country before their selfish needs......

[@gakahuruko2331]

If ruto wants make kenya an economic giant in Africa, he should be consulting this man

[@cecilianzioka3387]

Agreed. Clearly consultations on finance bill did not reach such knowledgeable people as him.

[@OsungaOkello]

You have said it, Voice of Thunder. There is No Opposition. It has been SOLD!

[@alvinnjuguna7857]

Such a great mind ! he could be Ndii's teacher 🤣🤣

[@Jack_Omush]

When Anthony talked of Bangladesh 🇧🇩, I knew he had facts. In graduate school, I had a roommate from Bangladesh and they have a tax treaty with the US. Their textile industry is flourishing and it’s a pillar industry there. Listen to Anthony Mwangi. The government should be in the business of creating a good environment for businesses to thrive, then it can be rewarded with taxes.

[@Jack_Omush]

Basic economics: production theory: you tax a product, that tax increases cost of production and that cost is shifted to the consumer by the companies producing it. So that edible oil tax is a cost, itaenda kwa the regular people who consume it.

[@tamaduni]

Bangladesh get paid 50 dollars a month

[@jameskinuthia4311]

This guy is oozing with intelligence waooo

[@erickimani7615]

Winston Chirchill once said that "for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.", what Ruto does not understand is that A low tax to GDP ratio reflects a small tax base, & that small tax base (industries & manufacturing) is what they want to increase tax on inevitably leading to their closures and more importation as it bcms cheaper... instead, our development budget shld be used to target 2-3 industries per medium term in leather/oil etc.

[@bettya530]

Well said!👌

[@tamaduni]

He is not an economist ...

[@chrisogonas]

Regrettably, this bandit regime of Zakayo listens to theorists like Ndii and not pragmatists like Antony Mwangi. Excellent session, Jeff! We need more of Mwangi on the airwaves to educate Kenyans and expose the Zakayo banditry.

[@janendegwa5462]

why are people blaming ndii he doesnt listen to ndii thats why ndii some time back was contradicting ruto, anyway he listens to imf ,and world bank which ask you to tax your people to end manufucturing so you can import from europe that was the neocolonial agender, but china became the beneficiary but they continue the nonsence

[@chrisogonas]

@@janendegwa5462 My sister, it is difficult to know who these bandits are listening to; I hear you. We punch any economic advisors we see there as well as the hostage takers, the IMF itself.

[@azizigweth2921]

​@@janendegwa5462ndii is the earpiece of Ruto,

[@janendegwa5462]

@@azizigweth2921 that's a lie completely it's a known fact all the gikuyu people in government have no say they are called and given orders by zakayo even some ha handed in resignations and he has refused

[@simongathogo8196]

Very wise , intelligent , knowledgeable and resourceful man but unfortunately as kikuyus say , where there is meat there is no firewood .
Here we have the resources but no leadership of integrity .

[@mashabik]

Politicians are killing our industries.A visit to Nakuru's industrial area confirms just that. Industries once vibrant no longer exist. Jobs gone, futures disturbed,economy dead. Motor vehicle garages and eatery kibandas will never replace.

[@faithamaliaji4115]

Who can tell this to the so called Kenyan leaders

[@shinaali6574]

This man should advice tax-happy Ruto Zakayo.

[@eastafrika728]

Democracy is completely bogus, a few people deciding the fate of the many. Kenya can't be a manufacturing hub with a useless curriculum and useless leaders who are thugs. The Kikuyu chose the Nandi again out of tribal hate for Luos, manufacturing will never happen to the level of South Korea.

[@normanthenormand7554]

Are kikuyus the only voters in Kenya? Where did luhyas , kambas and somalis vote? The problem with Luos is that you think all your problems are caused by Kikuyus. The president is a kalenjin, why can't you ask them why they voted him. The sooner you start owning up to your laziness and hate, the quicker you will get yourself out of poverty.

[@eastafrika728]

@@normanthenormand7554 bro, who steals votes and stays in power? It's not our problem but the Nation's problem, now your Ruto project has sold Kenya back to the colonialist homosexuals, next, the Nandi will sweep through everything the Kikuyu own, this time, don't look to the Luo for liberation, you guys are traitors to any cause, watcha wanandi wawakule mpaka mifupa.

[@eastafrika728]

@@normanthenormand7554 deal with the Nandi on your own this time round, Luos are tired of the backstabbing

[@jennifergithaiga5702]

Concise outlay of this finance bill impact on Kenya's manufacturing sector. Kk regime should be charged for economic sabotage. Period.

[@mobeya2345]

Great interview. Need more like these to wake up Kenya’s useless leadership especially those in the current opposition.

[@samuelotieno5297]

Help me understand how opposition is the cause of the finance bill 2024. When will we start holding to account mps we elected to represent us? Focus on your mp who is in the pocket of the executive.

[@charlesobonyo5454]

Vert powerful precise and articulate.Very knowledge able kudos.

[@puregold6379]

The time kenya will come out of imperialist ties, controls and bandages, that's when rising will be testified well, economically, politically, socially... as at now struggle is inevitable! Corrupt, greedy, evil, governance. Only thefts and evil ways of majority makes them live or survive!(so called rich ones) the rest common ones...😢😢😢

[@timtimc2012]

Very well articulated bwana CEO

[@briopalumpus8676]

this man just shows what fools run the country.

[@janegitao669]

Kenya has brains

[@aifelrileyothaya23]

If you increase taxes every now and then the manufacturing sector either they move out or they increase the price of selling products which Will be a pain to most people,or else they make cheap quality products which will have health complications to the consumers

[@aotury1]

KAM CEO is very eloquent, but who is listening to him?! Shouldn't he be having a discussion with CS Investments, Trade & Industry, Treasury, Technocrat are all complaining and even the politicians don't even understand it.

[@Redcatek]

How will the politicians complain and they r the owners of the madness taxes ... Furthermore, politicians do not pay taxes...

[@florenceobura3328]

Can crude sunflower oil ever reach the levels of crude palm oil? Never ever.

[@amabdiyus111]

This guy should be president 😢

[@romanus9700]

President of what

[@hassannur7443]

We need a man like this guy to run the country. I wonder what President Ruto has studied in his PhD if can not understand the basic things that this man is talking about.

[@martinndagaru1671]

he didnt study, it was bought

[@janendegwa5462]

after listening to this it sounds like the gova is helping a certain community that only knows how to import and they will not be taxed since they do communal biz they said they wont tax 500 million plus biz

[@aifelrileyothaya23]

Just say somalis don't fear them just wait and you will see how they will build skycrappers in. Eastleigh leading to a closure of Moi airbase if the building are too high.

[@bettya530]

As C.E.O Anthony has so eloquently stated, this new finance bill is solely focused on increasing taxes and fails to consider the relevant facts of its implications. In the words of Hon. Kioni, the bill is a disaster! Ultimately, it will paralyze our economy and amplify hardships faced by individuals and households.

[@mohamedadan2072]

Comrades we need a law that is called "foreign agents" we need to pass that law it's our immunity backbone hope that it's good in us and all Kenya's. for example Ethiopian the passed that"bill"' long time ago. I hope you will look into it if it's our advantage or our friends foreigners.

[@mimi-channel]

I am shocked the formal sector created only 36000 jobs

[@gaza1677]

Palm oil is the most efficient source of cooking oil from sunflower ni story za jaba

[@Play_Streams]

This is a shakedown. MPs put in some stupid clauses to extort industry players money to vote it down. This is absolute madness.

[@jamesmburu430]

Poverty is man made

[@OsungaOkello]

This guy is awesome! But I disagree about his jobs projections. I don’t think successful companies are interested in having employees. It’s all about automation and robots. If you’re an employee it is temporarily, that’s is if you’re really good, because they will study what you do and automate it. And eliminate that human position Bad faith is built in.

[@normanthenormand7554]

What are you talking about? There are jobs that machines can't do. Go to Europe and America and see how many people are employed in Industries. Kenya is not even close to that . Don't just write to sound intelligent. Its just common sense.

[@walternyabaro6602]

I tend to dis agree, most mass production have people working in those firms, go to india china Vietnam turkey their economies are built through work force not automation, do you know why american designs iphone but assembly happens in china? So there are a some things you can not automate just for efficiency

[@famelitech]

We're in sh**

[@FredrickOduor254]

Does the President listen to technocrats like CEO Mwangi?

[@chalimsupa6603]

who is this guy?

[@josphinejackson7278]

Who is advising The president ? Ama ni western ndio watu control?

[@adrianochieno6131]

And Ruto claims to be a PhD holder? In What? This man Anthony Mwangi should have been the President after Kibaki and Uhuru Kenyatta. Kenya would have become a Singapore in 10 years time. What a pity that Kenyan Dealers do not recognise such brilliant and sharp brains. Ruto is driving Kenya to 50 years Backwards. He bragged so much on his campaigns, but he has no Leadership Skills whatsoever. He is a mere Micromanager Lone Ranger who thinks he knows it all.🥱🥱😭😭😭🇬🇧

[@adrianochieno6131]

Anthony Mwangi you are a very intelligent and man who should have been made the CS Finance and not that Baffon called Ndungu who does not even have an idea where Kenyan Economy is heading to🥱🥱🥱😭😭😭😭🇬🇧