Kenya’s President William Ruto announced a significant reversal in government policy on Wednesday, stating that he would withdraw a controversial finance bill that sparked nationwide protests. The decision follows widespread demonstrations across the country, marked by intense public outcry and tragic incidents of violence. In a televised address, President Ruto acknowledged the gravity of the...
On 25, June 2024, Kenya experienced a groundswell of youth-led protests, fueled by a generation determined to challenge the status quo. Their rallying cry echoed through the streets, demanding fair economic policies and an end to oppressive taxation. At the heart of this movement was the contentious Finance Bill, which proposed higher taxes and additional...
Yesterday, Nairobi witnessed a massive demonstration against the Finance Bill 2024, marking a significant shift in public protest dynamics. Unlike past demonstrations led by political figures like Raila Odinga, this protest was distinctive. Kenyans independently took to the streets to express deep frustration with the government’s proposed tax measures. The protest showcased remarkable diversity. While...
The National Assembly Finance & Planning Committee has released its report on the Finance Bill 2024, highlighting significant changes and impacts across various sectors. Here’s a breakdown of key developments: Tax Adjustments and Impacts The Committee eliminated the Motor Vehicle Tax but raised the Road Maintenance Levy by 39% to Kes 25.0 per liter. This...
Dear Honorable Members, We, the concerned residents of Isiolo County, write to you with urgent apprehension regarding the proposed Finance Bill 2024. This bill, following in the footsteps of its predecessor from 2023, threatens to exacerbate the economic challenges already facing our community. Isiolo County, marked by recurrent droughts and sporadic floods that severely impact...
The Finance Bill 2024 introduces changes that will impact the lives of Kenyans. These changes cover taxation on goods, services, and income, affecting household budgets, business operations, and the broader economy. Here’s a closer look at some key provisions and their implications for the common mwananchi. Changes in Value Added Tax (VAT) The Finance Bill...
