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On 25 June 2024, thousands of protesters stormed the Kenyan Parliament Building in Nairobi in response to the passing of the Kenya Finance Bill 2024, part of a larger series of protests against the proposed tax increases. The protest escalated when the protesters set part of the building on fire. [4]
Kenya is in the grip of nationwide protests against proposed tax hikes, ... sparked by the Finance Bill 2024, have seen citizens rally under the banner of “7 Days of Rage,” as the nation faces ...
The 2024 Finance Bill is the first in a series of tax reforms based on a Medium-Term Revenue Strategy (MTRS) devised and published by the Kenyan government in 2023 through the Ministry of National Treasury and Economic Planning. The MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [24]
Protests continued in Kenya's capital and elsewhere Tuesday over a finance bill that would raise the cost of living, even after the president said he would not sign it in the wake of the storming ...
2024 Parliament of Kenya assault: The Parliament Buildings in Nairobi are set on fire during protests against the finance bill, [17] while 10 protesters are shot dead by police. [ 18 ] Kenyan police units arrive in Haiti for a United Nations -backed security mission to restore order.
July 11, 2024 at 11:16 AM Simon Maina/AFP/Getty Images Only Deputy President Rigathi Gachagua and Prime Cabinet Secretary Musalia Mudavadi have been left in their posts, the president said.
The Finance Bill 2024 proposed tax increases to raise funds for debt and development, but faced public outcry and rejection by President Ruto. Learn about the background, provisions, and status of the bill, as well as the protests and the budget cuts.
NAIROBI (Reuters) -Kenyan President William Ruto on Friday proposed spending cuts and additional borrowing in roughly equal measure to fill a nearly $2.7 billion budget hole caused by his ...