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...
When the National Treasury handed over its budget proposals for the financial year 2022/23 to parliament’s Finance and National Planning Committee for approval, many of its members considered the document a poisoned chalice.
In the six months period January and June 2020, Kenya borrowed KSh 644 Billion, an increase of 11 % in overall Gross Debt in that period. In this paper, IBP notes that this increased debt load is not unusual. The debt incurred was incurred in the last four months of the financial year...
NAIROBI —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 governme...
READ MOREKenya Finance Bill: Government bows to pressure, drops contentious tax proposals Speaking over the weekend at his Juja constituency in Kiambu County, north of Nairobi, Koimburi, one of the MPs who voted to oppose the bill, said the government used bribes to lure legi...
Let us delineate positive versus hurtful aspects of industry associations to professionalise, strengthen, and protect their professions to assess the ICT Bill.
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...
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Kenyan President William Ruto said Wednesday that he will not sign the 2024 finance bill that had sparked deadly protests in the country and left at least five people dead.