Kenyan Wall Street | by Mwakaneno Gakweli
Kenya’s second-hand clothing and footwear sector contributes over Ksh 1 billion in taxes every month, amounting to approximately Ksh 12 billion annually.
This is almost at par with other sectors like wine and spirits and cigarettes, with the potential to grow under a friendlier regulatory environment.
For instance, import duties from the industry for 2019 surpass excise duties from wine and spirits pegged at Ksh 11.5 billion and nears excise on cigarettes valued at Ksh 12.8 billion in the same year…
