×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Why Kibaki okayed taxes on harambee contributions

Vocalize Pre-Player Loader

Audio By Vocalize

The late President Mwai Kibaki when he served as Finance Minister. [File, Standard]

Back in the days when it was fashionable to fundraise for communal projects through harambee, the government saw an opportunity to raise extra revenue by subjecting the money raised to taxation.

This did not go down well with some Members of Parliament (MPs) who felt the government was reaping where it never sowed by trying to benefit from funds raised to cover some of its inadequacies.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Brian Ngugi 57 mins ago
Financial Standard
Inside William Ruto-IMF fallout
Financial Standard
Hits and misses in Kenya Pipeline IPO as State eyes more listing deals
Financial Standard
RBA, bourse tussle over Sh2.3tr pension assets investments
Business
Central Bank warns Middle East conflict could reignite inflation