The Kenyan government has scrapped the 2024 Finance Bill, which included $2.3 billion in tax hikes, following widespread protests across the country. The demonstrations, led by young people known as Generation Z, resulted in property damage and dozens of deaths. President William Ruto initia...
90. 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...
READ MORE Kenya budget: Limited support for Kenya Airways, ambitious tax targets The document, commonly referred to as the Finance Bill, had proposed a number of goods for tax increment to enable the government collect an extra KSh51.6bn ($441m) to Understand Africa's tomorrow... tod...
“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...
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...
It was not immediately clear whether the protests planned for Thursday would go ahead given Ruto's decision not to sign the finance bill. President of Kenya William Ruto addresses journalists during a press conference at the State House in Nairobi, June 26, 2024.SIMON MAINA/AFP/Get...
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: Finance Bill PassedNo abstract is available for this article.doi:10.1111/j.1467-6346.2007.01270.xNoneBlackwell Publishing LtdAfrica Research Bulletin: Economic, Financial and Technical Series