Sharp Daily
No Result
View All Result
Monday, October 27, 2025
  • 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

How public ratings could shift healthcare dynamics in Kenya

September 4, 2025

Why firms are shedding jobs despite survival

June 19, 2025

“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 journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

Eastern Africa’s unified spectrum strategy to boost broadband

October 27, 2025
News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025

LATEST STORIES

Why the cytonn money market fund remains a reliable choice for low-risk investors

October 27, 2025

Why liquidity and safety define smart investing

October 27, 2025

Eastern Africa’s unified spectrum strategy to boost broadband

October 27, 2025

CBK’s KES 76.5 bn bond buyback eases Kenya’s domestic debt pressures

October 27, 2025

Rironi–Mau summit expressway: Kenya’s game changer for transport and regional growth

October 27, 2025

Kenya tightens crypto regulations after INTERPOL flags terror-financing scheme

October 24, 2025

Sidian Bank reshapes leadership in strategic transition

October 24, 2025

IRA drafts new regulations to introduce virtual assets insurance in Kenya

October 24, 2025
  • 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