Thursday, July 23, 2026

Kenya’s Supreme Court Quashes Ruling that Voided 2023 Finance Law

Kenya’s Supreme Court on Tuesday quashed a decision by an appeals court nullifying the 2023 finance law, a victory for the government after protests forced President William Ruto to withdraw this year’s finance bill. The finance bills form the main vehicle for the government to set out revenue-raising measures, and Ruto’s administration has been relying on the 2023 finance law to continue collecting taxes after the rollback of this year’s legislation…The 2023 law was challenged in court following a round of opposition-led protests last year, after Ruto’s government used it to double the value-added tax on fuel, introduce a housing levy and raise the top personal income tax rate, among other measures. Ruto’s government, which took office in September 2022, sought to impose a new round of tax hikes this year, angering many citizens and culminating in deadly protests in June and July in which more than 60 people were killed. (Reuters)

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

Pitron Launches Digital Solution to Prevent Paper-Based Losses in Ethiopian Financial Cooperatives

Ethiopia’s cooperative financial sector, serving over 25 million citizens...

Mastercard Foundation announces $500 million AHEFT prize to catalyze higher education across Africa

The Mastercard Foundation has officially launched the Africa Higher...

MatterMiner launches localized legal practice platform for African markets

Mkenga Na Namwaka, Incorporated has announced the commercial availability...

Government preparing new vehicle ownership tax

Ethiopia is preparing to establish a formal revenue-sharing system...

U.S. Commerce Department Launches Investigation into Solar Imports from Ethiopia

The U.S. Department of Commerce has officially initiated a...

Ethiopia’s landmark budget allocations signal sustained commitment to reducing tobacco use

The Campaign for Tobacco-Free Kids applauds the Ethiopian government...

Africa Wants to Make Its Critical Minerals a Lever for Industrialisation and Economic Transformation

African ministers, representatives from continental institutions, the private sector,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img