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The Kenya Finance Bill protests, widely known by #RejectFinanceBill2024, or Gen Z protests, were a series of decentralized mass protests in Kenya against tax increases proposed by the Government of Kenya in the Finance Bill 2024. [11] Following the storming of the Kenyan Parliament, president William Ruto reportedly rejected the Bill on 28 June ...
"The IMF will basically ask Kenya to regroup and present a new reform plan." At least 39 people have been killed in the protests since mid-June, according to a government-funded human rights ...
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 ...
July 3, 2024 at 11:10 AM. NAIROBI (Reuters) - Kenya has named central bank economist Raphael Owino as the new head of its debt management office, the finance ministry said on Wednesday. Owino ...
NAIROBI (Reuters) -Kenya's government plans to cut 2024-25 spending by 1.9% and widen the fiscal deficit to 3.6% of GDP in a revised budget, the treasury said, weeks after it was forced to roll ...
Business and economy. Hundreds of workers at Jomo Kenyatta International Airport in Nairobi, Kenya, go on strike to protest against a planned deal to lease the airport to the Indian conglomerate Adani Group for 30 years. Disasters and accidents. 2024 Atlantic hurricane season
The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy.
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services ...