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March. March–May – 2024 Kenya floods: At least 238 people are killed nationwide in floods. [2] 1 March – President William Ruto announces an agreement with Haiti to deploy 1,000 police officers in a mission approved by the United Nations to combat gang violence in the Caribbean nation. [3]
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]
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 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]
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 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] Nineteen people died in Nairobi during the ...
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 ...
Official website. The Chief of Defence Forces (CDF) is the highest-ranking military officer in the Kenya Defence Forces and the principal military adviser to the President of Kenya and the National Security Council. The CDF outranks all respective heads of each service branch and has operational command authority over the service branches.