The bill aimed to address Kenya's $80 billion debt, with the government opting for tax increases rather than spending cuts. Moody's subsequently downgraded Kenya's debt rating, citing the government's decision to abandon the tax hikes. Ruto has announced new borrowing plans and spending...
KenyanPresident William Rutosaid Wednesday he won’t sign into law a finance bill proposing new taxes, a day after protesters stormed parliament and several people were shot dead. It was the biggest assault on Kenya’s government in decades. The government wanted...
Kenya’s controversial tax hike bill which sparked street protests, resulting in the shooting of a frontline AFP photojournalist in Nairobi and protesters storming the parliament, has been adopted by parliament amid accusation that some MPs were bribed t
Tension is building across Kenya as young people protest against proposed tax hikes in the bill that seeks to raise an additional $2.7 billion to reduce budget deficit. On Tuesday, people took to the streets in different cities across the country as the demonstrations entered the second week, ...
Police have fired tear gas at dozens of protesters in Kenya's capital and blocked off roads to the presidential palace as crowds took to the streets again nationwide. The demonstrations took place over a controversial tax hike bill despite the president bowing to pressur...
In Kenya, no specific measures such as waiver of utility bills or suspension of bill payments were found for the energy sector, even though the government has allotted some Ksh40 billion for health and social protection alongside some tax exemptions[38]. In addition to the stimulus package for...
After a purchase order, receipt, and bill have been entered into the system, financial automation can also perform a three-way match to correlate data on these documents. Supplier management: Supplier change requests are automatically tracked, routed, and approved to help maintain controls. What ...
IT came as a huge shock to my colleague when she was saddled with a RM38,000 credit card bill – five transactions that took place in Brazil within minutes of each other, a country she had never visited in her life. The purported expense came when she was travelling overseas. She only...
“Having reflected on the continuing conversation regarding the content of the finance bill 2024, and listening keenly to the people of Kenya who have said loudly that they want nothing to do with this Finance Bill 2024, I concede, and therefore I will not sign the 2024 finance bill,” Ruto...
Demonstrators protest against proposed tax hikes in a finance bill that is due to be tabled in parliament in Nairobi, Kenya, on Tuesday, June 18, 2024. Civil society groups say that despite the dozens of arrests, demonstrations and a planned sit-down outside the parliament buildings will c...