Sharp Daily
No Result
View All Result
Friday, June 12, 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

Ziidi Trader: can M-PESA finally bring the stock market to every Kenyan?

February 10, 2026

Budget cuts weaken Kenya’s fight against money laundering

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

News

Kenya’s Small Banks Given Until 2032 to Meet Kshs 10 Billion Core Capital Requirement

June 12, 2026
News

Kenya’s hate speech crackdown: balancing digital safety with democratic freedoms

June 12, 2026
News

Kenya’s finance bill 2026: a pragmatic pivot away from punitive taxation

June 12, 2026
Family Bank
Analysis

Family bank receives approval for NSE listing

June 12, 2026
News

How inflation affects your pension

June 12, 2026
News

Simba Corp bets on Kenya’s EV future with Sh1 billion assembly line investment

June 11, 2026

LATEST STORIES

Family Bank’s NSE Listing: A Long-Overdue Milestone for Kenya’s Capital Markets

June 12, 2026

Kenya’s Small Banks Given Until 2032 to Meet Kshs 10 Billion Core Capital Requirement

June 12, 2026

Kenya’s hate speech crackdown: balancing digital safety with democratic freedoms

June 12, 2026

Kenya’s finance bill 2026: a pragmatic pivot away from punitive taxation

June 12, 2026

FIFA World Cup 2026 kicks off with Mexico victory as fans debate the tournament’s opening moments

June 12, 2026
Family Bank

Family bank receives approval for NSE listing

June 12, 2026

How inflation affects your pension

June 12, 2026

Kenya’s EV assembly ambition gets a Sh1 Billion boost from Simba Corp’s AVA

June 11, 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