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The 5th & Current President of Kenya H.E. Dr. William Ruto C.G.H. appointed his first cabinet in September 2022. On 11 July 2024, following sustained pressure on the government through the Kenya Finance Bill protests, Ruto dismissed his entire cabinet, with the exception of Prime Cabinet Secretary and Foreign and Diaspora Affairs Cabinet Secretary (Minister) Musalia Mudavadi. [3]
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.
In 2006, Kenya had a current account deficit of US$1.5B. This figure was a significant increase over 2005, when the current account had a deficit of US$495 million. In 2006, the current account balance as a percentage of gross domestic product was −4.2. [70] In 2006, Kenya's external debt totalled US$6.7B.
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]
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. [2][3] It was first introduced in May 2024 and has been controversial, [4] with some ...
On 27 September 2022, President William Ruto issued and signed a Presidential Executive Order No. 1 of 2022 establishing the office of the Prime Cabinet Secretary of the Republic of Kenya, [2][3] and nominated Musalia Mudavadi to the position. [2] During President Ruto's live address to the nation, he stated that the Office of the Prime Cabinet ...
Chris Kiptoo (born 31 December 1967) is a Principal Secretary (PS) for National Treasury in Kenya. [3][4][5] He assumed office on 4 December 2022, [3] following reassignment by H.E. President wiliam ruto . [6][7][8][9][10] He has also had a career spanning 15 years at the Central Bank of Kenya (CBK) as a manager during which he was seconded to ...
e. The president of the Republic of Kenya (Swahili: Rais wa Jamhuri ya Kenya) is the head of state and head of government of the Republic of Kenya. The president is also the head of the executive branch of the Government of Kenya and is the commander-in-chief of the Kenya Defence Forces. The country's current president is William Ruto since 13 ...
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