Blow For Ruto: Kenya High Court Rules Housing Levy Unfair.

Kenya's High Court has ruled that a tax measure aimed at funding President William Ruto's affordable housing campaign pledge is unconstitutional. The mandatory 1.5% housing levy for employees and employers was deemed discriminatory because it only applied to those with formal jobs and not the informal sector. However, the revenue agency can continue collecting the tax until an appeal is filed. The ruling poses a risk to Kenya's budget, potentially leading to reduced expenditure or increased borrowing. [Extracted from the article]