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...
91. The Rookie Manager | Personal Finance Blog Kenya Blog https://www.rookie-manager.com/category/perso.. + Follow Blog The aim of this blog is to simplify personal finance. I write about budgeting, personal finance, management and doing business in Kenya, in a way that everyone will und...
Kenya's Court of Appeal has ruled the Finance Act 2023 unconstitutional, citing violations of the country's budget-making laws and a fundamentally flawed process. The act included provisions such as increasing the value-added tax on fuel to 16 per cent, raising excise duties on money-transfer...
Kenya: Concerns grow over bill seeking to scrap live streaming of election results Under proposed changes to Kenya’s elections law, the Independent Electoral and Boundaries Commission would no longer be required to transmit the resul... outspoken critic Nigeria: Who is Ali Ndume, the ruli...
There are other tax wins and losses in the Bill that affect taxpayers but the above is a summary of the major ones that would affect the ordinary taxpayer. The next step for the Bill is to go through public participation where some proposals may be deleted or added or varied before...
Tea production, horticultural exports and volumes of marketed milk similarly dropped in the year. Sugarcane deliveries and coffee production nevertheless increased on account of conducive weather conditions in the respective growing areas. Read:Sh100 billion fund set up to grow agriculture in Kenya ...
Kenya has been warned over its bulging debt repayment bill and the fact that it is increasingly using more of its tax revenue to settle debt rather than provide services. Figures from the Quarterly Economic and Budget Survey(Q4), 2019/20 shows that Kenya’s total debt rose significantly from...
a contentious finance bill laden with tax hikes that was passed by the country's parliament. With the deaths and injuries still being counted, the protesters' message appeared to have convinced Kenya's president to back down, and he said Wednesday that he would not sign the bill into law...
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
Kenya, a nation often praised for its stability, had seen escalating protests over the bill, which the government introduced to rein in public debt. Last week, the government scrapped some tax increases, including a proposed 16% value-added tax on bread along with taxes on motor vehicles, ...