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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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Associated Press NewsAssociated Press News

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

NAIROBI, Kenya (AP) — 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. High court judges David Majanja, Christine Meoli and Lawrence Mugambi said parts of the Finance Act 2023, including […]

·United States
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abc Newsabc News

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 a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy

·United States
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KVIAKVIA

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

By EMMANUEL IGUNZA Associated Press NAIROBI, Kenya (AP) — The Kenyan High Court has 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. A trio of high court judges said Tuesday that parts of the Finance Act 2023 that touched on a mandatory housing levy were unconstitutional and couldn’t be enforced. The law has been backed by the Interna…

·Panama City, United States
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Winnipeg Free PressWinnipeg Free Press

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

NAIROBI, Kenya (AP) — 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 […]

·Winnipeg, Canada
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National PostNational Post

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

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.

·Canada
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The Guardian NigeriaThe Guardian Nigeria

Kenyan court strikes down contentious housing tax

A Kenyan court ruled on Tuesday that a controversial housing levy introduced by President William Ruto was illegal, dealing a blow to his plans to shore up depleted government coffers.

·Nigeria
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