Kenyans are bracing for hard times as the country enters the festive season as a weakening shilling, rising crude prices and the implementation of the contentious inflation-linked adjustment on excise duty threaten to push up cost of transport and prices of basic commodities.
The Kenya Revenue Authority (KRA) has quietly introduced a 4.97 percent increase in duty for excisable goods effective November 2, setting the stage for an increase in prices of at least 31 products including juices, bottled water, beer chocolate, spirits, cigarettes and motorcycles.
