Trade Cabinet Secretary Moses Kuria has said the government is working on a law to make it mandatory for all businesses to be members of KNCCI.
The CS made the announcement during the Third Kenya International Investment Conference.
Kuria said the move will strengthen the Kenya National Chamber of Commerce and Industry and will be submitted to Cabinet for approval within 30 days.
“We are working on the National Chamber Bill which has to go to Cabinet within the next 30 days. We are going to have the Kenya Chamber that is truly reflective of Kenyan businesses,” he said.
To join the Chamber, this means, small business owners will have to cough up to Sh5000 annual fees, while group businesses will pay Sh15,000. This is lower than the partnership fee which is Sh10,000.
Small and medium enterprises are required to pay Sh15,000, local public companies lawfully pay Sh50,000 and the corporate membership fee is Sh100,000 annually.
The CS said the Chamber Bill will be mandatory for every registered company in Kenya to be a member of the Chamber.
"It is going to be mandatory, it won't be a choice," he said.
He noted that the business will have to pay for the subscriptions in order for the businesses to be organised.
"These businesses must speak for Kenya, and earn us the respect we deserve," he said. By Manny Anyango, The Star