Search results
Results from the WOW.Com Content Network
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 ...
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]
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 ...
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 ...
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 ...
Kenyan President William Ruto has fired almost his entire cabinet after weeks of anti-government protests, he announced Thursday. Only Deputy President Rigathi Gachagua and Prime Cabinet Secretary ...
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]
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 ...