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The exchange rate of the Kenyan Shilling between 2003 and 2010 averaged about KSh74-78 per US Dollar. [66] The average inflation between 2005 and July 2015 was 8.5%. [67] In July 2015 Kenya's inflation rate was estimated to be 6.62%. [68]
In 1995, legislation was passed through the House of Commons entitled the Jobseekers Act 1995. [10] [11] The Jobseeker's Allowance Regulations 1996 [12] were produced within a period of six months from the act coming into force, with the change of Income Support provision to Jobseekers Allowance occurring on 7 October 1996.
The international poverty rate used by the World Bank is used in the following list. The estimates can therefore differ from other estimates, like the national poverty rate. Poverty is a significant problem in Kenya. According to estimates by Oxfam, the richest 0.1 percent in Kenya own more wealth than the bottom 99.9%. [1]
In March 2012, jobseeker's allowance was being received by just over 1.6 million people aged over 18, of whom around 357,000 had been in receipt of the allowance for more than a year. About 480,000 were aged under 24, of whom 55,000 had been in receipt of the allowance for more than a year.
Kenya is a lower middle income economy, with Kenya's GDP hitting $121 billion as of 2024. This is due to increasing technology innovation services. Although Kenya's economy is the largest and most developed in eastern and Central Africa, 25% (2023/2024) of its population lives below the international poverty line. [1]
Jobseeker's Allowance rates [ edit ] Jobseeker's Allowance (JSA) is changed annually; for the 2020/2021 tax year (commencing 6 April 2020) the maximum payable is £74.35 per week for a single person aged over 25 or £58.90 per week for a single person aged 18–24. [ 70 ]
The Kenyan taxation system covers income tax, value-added tax, customs and excise duty.The regulations are governed by independent legislators that govern the taxation system, the main legislator, the Kenya Revenue Authority (KRA) has different sections that deal with the above taxes while also having the authority to undertake reviews on various companies and corporations.
The Jobseekers Act 1995 is an Act of Parliament of the United Kingdom, which empowers the government to provide unemployment income insurance, or "Jobseeker's Allowance" while people are looking for work.