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CBK nominee backs housing levy and merger of local banks

Former National Treasury PS and new CBK Governor nominee Kamau Thugge. [Boniface Okendo, Standard]

Central Bank of Kenya (CBK) Governor nominee Kamau Thugge has thrown his weight behind the contentious Housing Fund levy proposal contained in the Finance Bill 2023.

The fund, if implemented will see Kenyans contribute three per cent of their income which will be matched by their employers to enable them own homes under the Affordable Housing Programme (AHP).

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