Sharp Daily
No Result
View All Result
Saturday, August 8, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenyans face payslip hit as government proposes injury compensation fund

Brian Murimi by Brian Murimi
April 18, 2024
in News
Reading Time: 1 min read

Kenyan workers are set to see a new deduction on their paychecks if a proposed workers’ compensation bill becomes law.

The Workers’ Compensation Fund Bill 2024 aims to establish a mandatory government-run fund to provide benefits for employees who suffer work-related injuries or illnesses.

Under the draft legislation, all employers in both the private and public sectors would be required to contribute a percentage of their workers’ wages to the new Workers’ Compensation Fund.

The bill states that the fund’s sources will include “employers’ mandatory contributions” as well as government appropriations and other revenue streams.

RELATEDPOSTS

Kenya’s retirees are finally waking up to the cost of growing old

August 7, 2026

Janus Henderson enters Kenyan market through AXYS Investment Bank partnership

August 7, 2026

“The objectives of this Act shall be to provide for adequate and equitable compensation for employees who suffer occupational injuries or contract occupational diseases,” the bill outlines. It also seeks to establish a framework for “the effective, prompt and empathetic consideration, settlement and payment of compensation benefits.”

The proposed legislation would apply broadly, covering all workers including those employed on a contract basis or temporary deployment. However, it would exclude members of the Kenyan Defence Forces.

“Any reference in this Act to worker who has been injured shall, when the worker is dead, include a reference to the worker’s representative or dependants or to any other person to whom or for whose benefit compensation is payable,” the bill states.

“This Act shall apply to employers in all private and public sectors, including cooperatives, clubs, groups or any association of persons,” the legislation reads.

The Workers’ Compensation Fund Bill 2024 is currently out for public participation before being considered by Kenya’s parliament. If passed into law, the new payroll deduction could have significant implications for both employees and employers across the country.

Previous Post

June Moi to be buried in Nakuru today

Next Post

Easy Coach bus driver appears in court following fatal Kisumu-Kakamega highway accident

Brian Murimi

Brian Murimi

Brian Murimi is a communications and advocacy professional with a focus on innovation, policy and continental development in Africa. A former journalist, he now works at the intersection of knowledge, strategy, and pan-African institution building.

Related Posts

News

Kenya’s Capital Markets Recovery

August 7, 2026
News

THE AI INFRASTRUCTURE RACE RESHAPES GLOBAL CAPITAL ALLOCATION

August 7, 2026
News

Infrastructure Finance Growth Drives Regional Bank Expansion

August 7, 2026
News

Central Banks Shift to Stablecoin Prudential Integration

August 7, 2026
News

High Court Challenges Mobile Money Regulation

August 7, 2026
News

US and UK Deepen Stablecoin Regulatory Standards

August 7, 2026

LATEST STORIES

Kenya’s Capital Markets Recovery

August 7, 2026

AI and the Future of Pension Fund Management

August 7, 2026

Kenya’s retirees are finally waking up to the cost of growing old

August 7, 2026

THE AI INFRASTRUCTURE RACE RESHAPES GLOBAL CAPITAL ALLOCATION

August 7, 2026

Infrastructure Finance Growth Drives Regional Bank Expansion

August 7, 2026

Central Banks Shift to Stablecoin Prudential Integration

August 7, 2026

High Court Challenges Mobile Money Regulation

August 7, 2026

US and UK Deepen Stablecoin Regulatory Standards

August 7, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024