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The Kenya Finance Bill protests trace back to the 2023 anti-government protests that followed the passing of tax reforms in the "Kenya Finance Bill 2023." These protests, which were led by former prime minister Raila Odinga, left six people dead and dozens injured. [24]
NAIROBI (Reuters) - 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 ...
19 June – Kenya signs a trade deal with the European Union (EU). [4] 21 June – MPs voted to increase VAT on petroleum products from 8 to 16%. 184 MPs approved the clause within the new finance bill while 88 opposed it. [5] 26 June – President Ruto signs into law the finance bill. [6]
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.
NAIROBI (Reuters) -Kenya's top court on Tuesday suspended a lower court's ruling that the 2023 finance law was unconstitutional, saying it was important to preserve stability in the budget until ...
The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy.
Download as PDF; Printable version; In other projects Appearance. move to sidebar hide. Help ... Kenya Finance Bill 2024; P. 2024 storming of the Kenyan Parliament
In August 2023, Business Daily Africa reported that 29% of the outstanding loan book was at-risk, meaning borrowers were behind schedule on their repayments. [10] With almost 3 billion shillings worth of loans having defaulted, the default rate on Hustler Fund loans was almost double that of commercial banks. [ 11 ]