Sharp Daily
No Result
View All Result
Monday, February 2, 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

President Ruto postpones signing affordable housing into law

Faith Chandianya by Faith Chandianya
March 18, 2024
in News
Reading Time: 1 min read
President William Samoei Ruto

[Photo/Courtesy]

State House announced on Monday the postponement of the signing of the Affordable Housing Bill into law, a move contradicting previous assurances from Kenya Kwanza leaders, including the Head of State, who had pledged its signing on March 18.

This delay disrupted plans for a legacy project aimed at annually delivering 200,000 housing units. Over the weekend, Press Secretary Emmanuel Talam extended invitations to media houses, including Kenyans.co.ke, for an event scheduled to commence at 8:00 am.

However, on Monday morning, State House issued a communique stating the postponement of the event without disclosing a new date.

President William Ruto, during a tour on Saturday, had affirmed his intent to sign the bill into law to kickstart the implementation of the housing project, necessitating a 1.5 per cent deduction from both salaried and non-salaried workers’ gross income.

RELATEDPOSTS

Budget cuts weaken Kenya’s fight against money laundering

January 19, 2026
Supporters of Uganda’s incumbent president and National Resistance Movement (NRM) presidential candidate Yoweri Museveni celebrate during a party gathering for the announcement of final results for the 2026 Ugandan presidential election at Lugogo Grounds in Kampala on January 17, 2026. Uganda's President Yoweri Museveni, 81, won a seventh term in office on on January 17, 2026 with 71.65 percent of the vote, the country's Electoral Commission said. (Photo by Luis TATO / AFP)

Museveni wins seventh Term: what It means for Uganda’s future

January 19, 2026

According to National Assembly Majority Leader Kimani Ichung’wah, who sponsored the bill, its signing was expedited to coincide with March payslips, ensuring prompt implementation of the Affordable Housing Act.

Despite these efforts, Ruto’s agenda faced judicial hurdles, as the Judiciary declared it unconstitutional. Court rulings highlighted the unlawfulness of deductions initiated in July the previous year, citing a lack of public input.

Amendments to the bill included penalties of 3 per cent for unpaid amounts, imposed monthly, and measures to discourage multiple property ownership.

Previous Post

Police report reveals Rita Tinina’s last moments and illness before death

Next Post

Kenyan content creators set to earn from Facebook

Faith Chandianya

Faith Chandianya

Related Posts

Analysis

Matatu strike paralyzes public transport

February 2, 2026
News

Why you shouldn’t ditch MMFs despite the falling returns

February 2, 2026
News

Kenya targets small savers with planned sh500 retail bond

February 2, 2026
News

What drives the decision to buy or rent property

January 30, 2026
News

Why Professional Investors Avoid “Cheap” Stocks

January 30, 2026
News

Kenya’s rank in Africa’s crime on “wash wash” and heroin deals

January 30, 2026

LATEST STORIES

Matatu strike paralyzes public transport

February 2, 2026

Why you shouldn’t ditch MMFs despite the falling returns

February 2, 2026

Kenya targets small savers with planned sh500 retail bond

February 2, 2026

What drives the decision to buy or rent property

January 30, 2026

Why Professional Investors Avoid “Cheap” Stocks

January 30, 2026

Kenya’s rank in Africa’s crime on “wash wash” and heroin deals

January 30, 2026

The Market’s Preference for Predictability Over Growth

January 30, 2026

Small Purchases, Big Impact

January 30, 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