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Originally published by Capital Business
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business
June 5, 2025
1mo ago

Treasury hints at restructuring of affordable Housing Levy

Treasury hints at restructuring of affordable Housing Levy

NAIROBI, Kenya, June 5 - National Treasury Cabinet Secretary John Mbadi has revealed that the government is actively considering a restructuring of the Kenya breaking news | Kenya news today |..

✨ Key Highlights

The National Treasury is contemplating a restructuring of the Affordable Housing Levy due to increasing complaints from salaried employees regarding its financial burden.

  • The levy requires employees to contribute 1.5 percent of their gross salary, matched by an equal amount from employers, totaling 3 percent.
  • John Mbadi, the Cabinet Secretary for the Treasury, acknowledged the need to address employees' concerns during a session with senators.
  • The Affordable Housing Levy was implemented in 2023 under the Kenya Kwanza administration as part of President William Ruto's initiative to provide affordable housing.

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Treasury hints at restructuring of affordable Housing Levy