Skip to content

JEDCA MEDIA

Inform . Inspire . Empower

Primary Menu
  • Home
  • BUSINESS NEWS
  • Tech News
  • Start-up
  • CRYPTOCURRENCY
  • INVESTING
  • Sustainability
  • About Us
    • Contact Us
Light/Dark Button
Watch
  • Home
  • Business News
  • Treasury To Overhaul Housing Levy Over Concerns
  • Business News

Treasury To Overhaul Housing Levy Over Concerns

Phidel Kizito June 5, 2025 1 min read
Photo Courtesy

Lands CS Alice Wahome and other officials during a tour of the Mavoko affordable housing project site. (Photo: X/Boma Yangu Kenya)

NAIROBI, Kenya, June 5 -Treasury Cabinet Secretary John Mbadi has indicated that the government may review the Affordable Housing Levy amid growing dissatisfaction from Kenya’s salaried employees.

READ Jubilee Insurance Uncovers Sh400 Million Fraud Using AI

Appearing before senators on Wednesday, Mbadi acknowledged the levy’s original intent to address the country’s housing crisis but admitted it’s placing a financial burden on formal sector workers.

“There is an ongoing conversation on how to restructure it. I believe the program offers important benefits, but the concerns raised by employees with payslips are valid and must be taken seriously,” he told lawmakers.

The levy, introduced under the Kenya Kwanza government’s 2023 Affordable Housing Plan, requires a 1.5 percent contribution from both employees and employers amounting to 3 percent of a worker’s gross pay to finance the state-backed housing initiative.

ALSO READ KRA Unveils New CRSP for Used Car Imports Effective July 1

While the government defends the policy as a bold move to reduce the housing shortfall, many in the formal workforce argue that the deductions are unfair and yield no immediate benefit.

Mbadi assured that discussions on revising the levy are active, and changes potentially including flexible contributions or alternative financing strategies could be announced in the near future.

Tags: Business Economy

Continue Reading

Previous Previous post:

UAE And Kenya Strengthen Financial Ties with New Agreements

Photo Courtesy
Next Next post:

CBK Licenses 41 More Digital Lenders, Raising Total to 126

Photo Courtesy

Related News

Energy CS Opiyo Wandayi
  • Business News
  • Top Stories

Wandayi Moves to Attract New PPP After Collapse of Adani Deal

July 22, 2025
Safaricom headquarters
  • Business News

Safaricom Empowers Rift Valley Youth Through Business Accelerator Forum

July 19, 2025
  • New MOGO Hotline Offers Lifeline to Kenyans Hit by Vehicle and Boda Boda Theft
  • Counties Share Sh3.6 billion Fuel Levy for Road Works
  • Wandayi Moves to Attract New PPP After Collapse of Adani Deal
  • Gov’t Backs Petroleum Boom to Fire Up Economy
  • Safaricom Empowers Rift Valley Youth Through Business Accelerator Forum

TOP Stories

MOGO
2 min read
  • Top Stories

New MOGO Hotline Offers Lifeline to Kenyans Hit by Vehicle and Boda Boda Theft

Phidel Kizito July 23, 2025
Kenya Roads Board
2 min read
  • Top Stories

Counties Share Sh3.6 billion Fuel Levy for Road Works

Phidel Kizito July 23, 2025
Energy CS Opiyo Wandayi
3 min read
  • Business News
  • Top Stories

Wandayi Moves to Attract New PPP After Collapse of Adani Deal

Phaisal Kutukai July 22, 2025
CS Mbadi
2 min read
  • Top Stories

Gov’t Backs Petroleum Boom to Fire Up Economy

Lucas Maisiba July 22, 2025
Communications Authority of Kenya
2 min read
  • Top Stories

CA Warns Landlords Against Blocking Telecom Providers’ Access

Mabeya Davis July 16, 2025

Latest STORIES

MOGO
  • Top Stories

New MOGO Hotline Offers Lifeline to Kenyans Hit by Vehicle and Boda Boda Theft

July 23, 2025
Kenya Roads Board
  • Top Stories

Counties Share Sh3.6 billion Fuel Levy for Road Works

July 23, 2025
Energy CS Opiyo Wandayi
  • Business News
  • Top Stories

Wandayi Moves to Attract New PPP After Collapse of Adani Deal

July 22, 2025
CS Mbadi
  • Top Stories

Gov’t Backs Petroleum Boom to Fire Up Economy

July 22, 2025
Safaricom headquarters
  • Business News

Safaricom Empowers Rift Valley Youth Through Business Accelerator Forum

July 19, 2025
Communications Authority of Kenya
  • Top Stories

CA Warns Landlords Against Blocking Telecom Providers’ Access

July 16, 2025
At JEDCA MEDIA, we (journalists) believe in the power of information to transform lives, ignite conversations, and build a more informed and engaged global community. We are a dynamic media organization committed to delivering accurate, insightful, and impactful news that empowers You. We provide advertising services that meet your client's needs.

Email: info@jedcamedia.com
Call Us: +254783418570
  • Business News
  • CRYPTOCURRENCY
  • Start-up
  • Sustainability News
  • Tech News
  • Top Stories
  • WEALTH AND INVESTMENTS
  • Your Health
  • About Us
  • Advertise With Us | Contact Us
  • Privacy Policy
Copyright © 2025 JEDCA MEDIA NETWORK | All Rights Reserved. | ChromeNews by AF themes.

Cookie Settings.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More

Decline Cookie Settings
Accept Accept All
Cookies are small text files that can be used by websites to make a user's experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
  • Necessary
    Always Active
    Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
    Name Domain Purpose Expiry Type
    wpl_user_preference jedcamedia.com WP GDPR Cookie Consent Preferences. 1 year HTTP
    YSC youtube.com YouTube session cookie. 55 years HTTP

  • Marketing
    Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
    Name Domain Purpose Expiry Type
    __gads jedcamedia.com Google advertising cookie set on the websites domain (unlike the other Google advertising cookies that are set on doubleclick.net domain). According to Google the cookie serves purposes such as measuring interactions with the ads on that domain and preventing the same ads from being shown to you too many times. 1 year HTTP
    VISITOR_INFO1_LIVE youtube.com YouTube cookie. 6 months HTTP

  • Analytics
    Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
    Name Domain Purpose Expiry Type
    _ga jedcamedia.com Google Universal Analytics long-time unique user tracking identifier. 2 years HTTP
    IDE doubleclick.net Google advertising cookie used for user tracking and ad targeting purposes. 2 years HTTP

  • Preferences
    Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
    Name Domain Purpose Expiry Type
    NID google.com Google unique id for preferences. 6 months HTTP
    JEDCA MEDIA jedcamedia.com We use cookies to enhance your browsing experience, analyze site traffic, personalize content, and serve relevant ads. By continuing to use our site, you agree to our use of cookies. You can manage your preferences in our Privacy Policy. 365 DAYS HTTP

  • Unclassified
    Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
    Name Domain Purpose Expiry Type
    nitroCachedPage jedcamedia.com --- 55 years ---
    _ga_MFHCHTY935 jedcamedia.com --- 2 years ---
    test_cookie doubleclick.net Google advertising domain. Session HTTP
    tnp-popup-count jedcamedia.com --- 1 month ---
    __gpi jedcamedia.com --- 1 year ---
    __eoi jedcamedia.com --- 6 months ---
    __Secure-ROLLOUT_TOKEN youtube.com --- 6 months ---
    VISITOR_PRIVACY_METADATA youtube.com --- 6 months ---

Cookie Settings