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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Leaning Left3Leaning Right2Center9Last Updated8 months agoBias Distribution64% Center
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- 64% of the sources are Center
65% Center
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