Sharp Daily
No Result
View All Result
Saturday, September 19, 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

We’ll implement the housing levy no matter what, Ruto asserts

Faith Chandianya by Faith Chandianya
December 13, 2023
in News
Reading Time: 1 min read

 

President William Ruto announced on Wednesday that the Kenya Kwanza government will implement the housing levy at all costs.

While speaking at the Kenya Diaspora Investment Conference (KDIC) at the Kenyatta International Convention Centre (KICC), Ruto defended the project by saying it was also in Azimio’s manifesto.

“When it came to the implementation, my friend, that is where the devil lives. Nobody wanted it implemented. I am telling you this time round I am implementing it,” Ruto said.

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

Additionally, he said other countries like Korea and Malaysia managed to successfully implement the housing levy, making them more successful than Kenya.

On November 28, the high court issued stay orders on the implementation of the judgment that rendered the Housing Levy unconstitutional.

A trio of judges, comprising Justices Lawrence Mugambi, Christine Meoli, and David Majanja, rendered the decision shortly after pronouncing the levy to be unconstitutional, null, and void.

George Murugara, the state’s attorney, had requested a 45-day stay of the orders from the court.

As a result, Kenyans will keep contributing 1.5% of their income to the fund, with an equal contribution from their employers, until January 10, 2024.

 

Read more on:

Setback for Ruto: Housing levy declared unconstitutional

 

 

Previous Post

NMB Bank raises impressive 400 billion TZS via dual-tranche Jamii bond

Next Post

Equity and Absa take lead in responding to CBR rate hike

Faith Chandianya

Faith Chandianya

Related Posts

News

How Kenyan Households Can Build More Resilient Portfolios

September 18, 2026
News

Safaricom Divestiture Reversed: High Court Nullifies Kshs 204.3 bn Vodacom Stake Sale

September 17, 2026
Analysis

Family bank joins NSE: What it means for investors

September 17, 2026
News

Student Housing as an Investment Frontier

September 17, 2026
News

Kenya’s collective investment market moves toward a new phase

September 16, 2026
News

Asahi Group set to take control of EABL after Kenya’s competition watchdog approves Sh298 Billion Diageo deal

September 14, 2026

LATEST STORIES

Why Kenyan businesses must take climate risk more seriously

September 18, 2026

How Kenyan Households Can Build More Resilient Portfolios

September 18, 2026

Cost-cutting strategies to make your pension last

September 18, 2026

Safaricom Divestiture Reversed: High Court Nullifies Kshs 204.3 bn Vodacom Stake Sale

September 17, 2026

Family bank joins NSE: What it means for investors

September 17, 2026

Apple TV now officially available in Kenya via iCloud+

September 17, 2026

Student Housing as an Investment Frontier

September 17, 2026

Apple Expands Into Kenya With Apple TV and Arcade Launch

September 17, 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