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Kimani Kuria, chair of the Kenyan parliament's finance committee, said the committee recommended amending the government's funding bill for the 2024/25 fiscal year to remove a new tax on car ...
After their stunning success forcing the government to shelve $2.7 billion in tax hikes, young Kenyan activists are setting their sights higher, taking aim at deeply ingrained corruption and ...
The EFF says "We stand in solidarity with the people of Kenya who are bravely protesting against the exploitative legislation that seeks to impose severe tax." [48] Gideon Moi, Kenyan politician and party leader of the Kenya African National Union condemned the arrest and abduction of people perceived to be leaders of the protests. He said an ...
Kenyan President William Ruto said Wednesday that he will not sign the 2024 finance bill that had sparked deadly protests in the country and left at least five people dead.
Amidst protests, the Kenyan government scrapped parts of the bill on 18 June 2024. According to Kuria Kimani, chairman of Kenya’s Finance and National Planning Committee, the proposed tax increases that were scrapped included a 16% value-added tax (VAT) on bread, as well as taxes on motor vehicles, vegetable oil, and mobile money transfers. [26]
The Kenyan economy performed very poorly during this era of World Bank and IMF-driven liberalisation at the height of Daniel Arap Moi administration. [44] From 1991 to 1993, Kenya had its worst economic performance since independence. Growth in GDP stagnated, and agricultural production shrank at an annual rate of 3.9%.
Kenya's High Court ordered that the tax hikes be suspended but the government has raised petrol prices anyway, leading to a furth. NAIROBI (Reuters) -Kenyan police on Friday fired tear gas and ...
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]