Sharp Daily
No Result
View All Result
Tuesday, December 23, 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

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

Tanzania’s independence day 2025: a nation mourns as celebrations give way to crisis

December 9, 2025

Kenya’s middle-income jobs grow: 1.5 million now earn above Sh50,000 monthly

December 5, 2025

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

Economy

Government approves 5 trillion infrastructure fund and new sovereign wealth Fund

December 23, 2025
News

The key difference between commercial banks and investment banks

December 23, 2025
News

The price of financial illiteracy

December 23, 2025
Analysis

EABL corporate bond issuance

December 23, 2025
News

Ketraco’s Sh10bn pay halted: a power grid, public funds, and a deal that may never have existed.

December 23, 2025
CMA licenses Safaricom & Airtel Money as ISPPs
Business

CMA licenses Safaricom and Airtel Money as intermediary service platform providers in Kenya

December 23, 2025

LATEST STORIES

Government approves 5 trillion infrastructure fund and new sovereign wealth Fund

December 23, 2025

The key difference between commercial banks and investment banks

December 23, 2025

The price of financial illiteracy

December 23, 2025

Why Some Investors Are Paying to Lose: The Rise of Tax-Driven Investing

December 23, 2025

EABL corporate bond issuance

December 23, 2025

Ketraco’s Sh10bn pay halted: a power grid, public funds, and a deal that may never have existed.

December 23, 2025
CMA licenses Safaricom & Airtel Money as ISPPs

CMA licenses Safaricom and Airtel Money as intermediary service platform providers in Kenya

December 23, 2025

Banks expect private sector credit to pick up by year end

December 22, 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