Do you know that Kenyans have been protesting against the Proposed Finance Bill 2024, over the last 2 days? The protests have been led by the youth and a civic organisation called Occupy Parliament.
The proposed Bill intends to:
- Increase in Value-Added Tax (VAT) from 16% to 18%.
- Introduce taxes on previously exempt items like bread, milk, and medicines.
- Increase electricity and fuel prices.
- Increase in excise duty on alcoholic beverages and cigarettes.
- Reduce subsidies on essential items like maize flour and cooking gas.
- Introduce a 20% tax on gambling winnings.
These proposed changes have led to concerns about a significant increase in the cost of living, disproportionately affecting low- and middle-income households.
The protestors are calling for a total shutdown of the government should the government continue with this bill.
#Africa #Kenya
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