President William Ruto explained the rationale behind the additional tax measures proposed in this year’s Finance Bill, emphasizing the necessity of these measures to finance critical national priorities. The proposed taxes aimed to raise funds for employing all 46,000 Junior Secondary School (JSS) interns on a permanent basis, increasing the National Government Constituencies Development Fund (NG-CDF) by Ksh 10 billion, and boosting the allocation to county governments by Ksh 15 billion.
Moreover, the funds were to support key initiatives such as rural electrification with an allocation of Ksh 14.5 billion, an additional Ksh 6 billion for Universal Health Coverage (UHC), paying debts owed to coffee and sugarcane farmers, and Ksh 2 billion to stabilize milk prices. These measures are part of the government’s broader strategy to enhance economic stability, improve public services, and support agricultural sectors crucial to Kenya’s economy.
Kenya and India are in advanced talks for a loan facility of Sh32.2 billion (USD 250 million) to enhance trade Read more
Governor Johnson Sakaja recently distributed 1,000 title deeds in a ceremony held at Charter Hall. This event marks another significant Read more
Saudi Arabia's Crown Prince Mohammed bin Salman (MBS) made a strong statement on Wednesday, September 18, 2024, reaffirming that the Read more
Germany’s Economics Minister, Robert Habeck, has called for a political resolution between the European Union (EU) and China. His remarks Read more
Russian President Vladimir Putin has signed a decree extending the country's food embargo on imports from Western nations for an Read more
The Tourism Fund is under fire for accumulating Sh3.4 billion in interest penalties due to delayed payments in the construction Read more