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Published 3 months ago

Kenya court strikes out key clauses of a finance law as economic woes deepen from rising public debt

  • The Kenyan High Court has struck out key clauses of the Finance Act 2023, including a mandatory housing levy, due to them being unconstitutional. The law had raised taxes and the cost of living.
  • President William Ruto's plan to construct 1 million homes under his affordable housing program has been affected by the court ruling.
  • The Finance Act, supported by the International Monetary Fund, aims to increase revenue collection to pay off Kenya's foreign debt, but has faced significant opposition and protests.
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