[Denish Ochieng, Standard]Alarmed by a raft of taxes the Kenya Kwanza administration planned to introduce, Kenyans christened President William Ruto “Zakayo”. The housing levy has recently faced controversy, amid revelations that Sh20 billion worth of funds meant to construct houses were invested into Treasury bills and bonds. Gichinga argues that the planning for the housing levy appears poor given the arising challenges of absorption. In its place, he has established the Social Health Insurance Fund, which will slash 2.75 per cent from workers’ gross pay. The Kenya Kwanza administration has made life harder in other ways.

Source: Daily Nation June 09, 2024 13:23 UTC