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The housing levy is a significant agenda of President William Ruto, who has pledged to construct 1 million homes by 2027 under his affordable housing program already underway in parts of the country.
Kenya's Court of Appeal on Wednesday declared the government's 2023 finance law unconstitutional, inflicting a new blow to the government of President William Ruto who withdrew this year's finance ...
Kenya's parliament voted late on Wednesday to approve a contentious government finance bill that will double the fuel tax and introduce a new housing levy, handing a victory to President William Ruto.
The Kenya Finance Bill 2024 was a piece of legislation that proposed changes to the tax system of Kenya, [1] which involves tax increases. [2] The proposed bill aims to raise 346 billion Kenyan shillings (KSh) to pay off debt and fund development projects.
Faith Odhiambo, the President of the Law Society of Kenya, stated that everyone involved, actively or passively, must be held accountable for their actions. [12] The Kenya Human Rights Commission urged President Ruto to issue an immediate order to "stop the killings". A group of Catholic bishops also urged police not to attack protesters and ...
The MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [26] The figures from the MTRS are based on an International Monetary Fund estimate that Kenya has a potential of 25% tax-to-GDP ratio. Some of the suggestion of the MTRS are what informed the details of the Finance Bill 2024 including an ...
NAIROBI (Reuters) -A Kenyan parliamentary panel recommended on Tuesday that the government scrap some new taxes proposed as part of next year's budget, as hundreds of protesters angered by the ...
Housing Finance Group of Kenya (HFGK), also Housing Finance Group Limited (HFGL), is a financial services holding company based in Kenya. HFGK maintains its headquarters in Nairobi , the capital and largest city, with subsidiaries and branches in major urban centers in the country.