Funding & Finance

Kenya Reassesses Budget After Cancellation of Finance Bill 2024

The Kenyan government has cancelled the Finance Bill 2024 following widespread anti-tax protests, forcing a reassessment of the national budget and the exploration of alternative revenue sources to avert economic instability. This decision provides relief to businesses that would have been subject to additional taxes had the bill passed. Kenyan economist Aly-Khan Satchu offered further

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The Kenyan government has cancelled the Finance Bill 2024 following widespread anti-tax protests, forcing a reassessment of the national budget and the exploration of alternative revenue sources to avert economic instability. This decision provides relief to businesses that would have been subject to additional taxes had the bill passed.

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Kenyan economist Aly-Khan Satchu offered further insights into the implications of this significant development.

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Funding & FinanceAfrican startups
Greg Stewart

Reporting for Business Tech Africa on the funding, tools and strategy shaping the continent's founders and SMEs.

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