Tag: Ruto news

President William Ruto has defended the proposed housing fund under the Finance Bill 2023, which has been met with criticism from some quarters.

The proposal would see a 3% deduction from both employees and employers, with the money going towards a national housing fund.

Speaking during Madaraka Day celebrations in Embu, Ruto said the fund would be beneficial to Kenyans, as it would help to create jobs and provide affordable housing.

“This is a fund that will be used to build houses for Kenyans. It will also create jobs for our youth,” he said.

Ruto said the government is committed to addressing the housing deficit in the country, and that the fund is one of the key measures that will be used to achieve this goal.

The proposal has been met with criticism from some quarters, who argue that it is a tax on workers and will put a strain on their already stretched budgets.

However, Ruto has defended the proposal, saying that it is a necessary step to address the housing deficit in the country.

It remains to be seen whether the proposal will be passed into law. However, Ruto’s comments suggest that the government is committed to seeing it through.

The housing fund proposal is one of a number of measures that the government is considering to address the housing deficit in the country. Other measures include the construction of affordable housing units by the government and the private sector, and the provision of mortgage loans to low-income earners.

The government has said that it is committed to providing affordable housing for all Kenyans by 2030.

President William Ruto found a KSh 100 note during the opening of Winas Sacco in Embu town on Wednesday.

The president was addressing a crowd of people when someone handed him a piece of paper. Ruto looked at the paper and said that it was a KSh 100 note that had been dropped on the ground.

“Whose KSh 100 note is this?” Ruto asked the crowd.

No one came forward to claim the money. Ruto then said that he would keep the money and use it to buy a goat for a feast.

The crowd laughed and cheered. Ruto then continued with his address.

The incident was a light moment during a serious event. The opening of Winas Sacco is a sign of economic growth in Embu. The sacco will provide loans to small businesses, which will help to create jobs and boost the local economy.

President Ruto’s willingness to find the owner of the KSh 100 note shows his concern for the people of Embu. He is committed to helping the people of Embu improve their lives.

The incident also shows that the people of Embu are honest. No one came forward to claim the money, even though it was a large sum of money. This shows that the people of Embu have a strong moral compass.

The opening of Winas Sacco and President Ruto’s willingness to find the owner of the KSh 100 note are both positive signs for the future of Embu. The sacco will help to create jobs and boost the local economy, and President Ruto’s commitment to helping the people of Embu will improve their lives.

President William Ruto on Friday acknowledged the nickname “Zakayo” that was given to him by Azimio leader Raila Odinga.

Speaking after filing his tax returns at the Kenya Revenue Authority (KRA), Ruto said, “Seems I have already been referred to as Zakayo in some areas. Maybe we will have a tax collectors day.”

Zakayo is a Swahili version of the Biblical Zaccheus, who was the chief tax collector in Jericho. The nickname was given to Ruto in reference to the high cost of living and the introduction of new taxes in different sectors.

Ruto filed his tax returns at the KRA headquarters in Nairobi on Friday morning. He was accompanied by his deputy, Rigathi Gachagua.

The KRA official who served Ruto said that the president had complied with all tax regulations. “You are our very first customer, we have filed the returns and the certificate has been sent to your email,” the official said.

The process took approximately 15 minutes. Ruto’s move is seen as a way of encouraging Kenyans to file their tax returns. The deadline for filing the 2022 tax returns is June 30.

In his remarks after filing his returns, Ruto said that taxes paid by citizens finance projects in the country. He encouraged everyone to follow suit and file their tax returns as required by the law.

“I have always endeavoured to be tax compliant and to remit my taxes in full. This exercise is not a mere dramatization or a publicity stunt, it is an exercise I cherish,” he said.

Ruto also said that the KRA needs to be more friendly to its customers and serve them well. “KRA must acquire a new image, so that when people come to Times Tower, they don’t come here trembling, but come happy to be served,” he said.

President William Ruto filed his tax returns at the Kenya Revenue Authority (KRA) on Friday morning. He was accompanied by Deputy President Rigathi Gachagua.

The President arrived at the KRA offices at 8:15 am and was served by a KRA official. The official confirmed that the President had complied with all tax regulations.

Ruto’s decision to file his tax returns comes a few days after he challenged other leaders to do the same. He said that it is important for leaders to set an example by paying their taxes.

“I challenge all leaders to file their tax returns and pay their taxes in full,” Ruto said. “This is the right thing to do and it is also the law.”

Ruto’s filing of his tax returns is a positive step and it shows that he is committed to paying his taxes. It is also a good example for other leaders to follow.

President William Ruto on Sunday defended the proposed housing levy that will see formally employed Kenyans contribute 3% of their salaries to the National Housing Fund.

Speaking during a Sunday service at Isiolo Boys High School, Ruto said that the levy will be mandatory even for Kenyans who are not interested in owning homes through the affordable housing program.

“The programme will result in the creation of 1 million jobs a year in the construction industry, and it is a collective duty for all Kenyans to help reduce the high rate of unemployment,” Ruto said.

“You don’t think it is your business to contribute to the employment of unemployed Kenyans?” Ruto questioned the journalist. “That is why the constitution gives me the power to tax,” the president added.

The proposed housing levy has been met with mixed reactions from Kenyans. Some people support the levy, saying that it is a necessary step to address the country’s housing deficit. Others oppose the levy, saying that it is unfair to force people to contribute to a fund that they may never use.

Ruto said that the government is still working on the details of the housing levy, and that it will be open to public feedback. He said that the government is committed to providing affordable housing for all Kenyans.