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 addition, Kenya has to reduce its reliance on commercial loans which are more expensive and have shorter maturity periods. ALSO READ:Moodys Warns Kenya over its Huge Debt Appetite
But whether 2024 will see donors and development finance institutions (DFIs) turn commitments into action remains to be seen. The International Energy Agency (IEA) estimates that $28bn in concessional capital is needed each year up to 2030 to mobilise $90bn in private sector investment – a ...
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. ...
and newly increased taxes. in june, the country witnessed a series of nationwide anti-government protests over a finance bill that proposed to increase taxes, culminating in the storming and burning of parliament on june 25, when several protesters were shot dead ...
Let us delineate positive versus hurtful aspects of industry associations to professionalise, strengthen, and protect their professions to assess the ICT Bill.
Kenyatta's office said in a statement he had signed into law the Central Bank of Kenya (Amendment) Bill. "The amended Central Bank Act, 2021, gives the Central Bank of Kenya powers to license digital lenders in the country as well as ensure the existence of fair and non-d...
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...
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