Financial Literacy

Step Up Your Money Game.

Build your wealth confidence — saving, investing, and wealth-building explained in plain language.

Sponsored Post

Want to Be Part of the Conversation?

Sponsor a post on Serrari and have your brand share the spotlight with market insights our readers trust.

Sponsored

If Your Brand Had a Front-Row Seat to the Markets… This Is It.

Advertise on Serrari.

Advertise on Serrari

Thanks for your interest in advertising with Serrari Group! Fill out the form below to get our Rate Card and explore partnership opportunities.

Your first and last name
The brand or company you represent
Where we'll send the Rate Card and follow-up
Optional — helpful if you prefer a quick call
Optional — your company website
Select all that apply
Helps us recommend the right options
Anything else we should know?
Kenya Economic NewsMacro Economic News

African Commission Urges Kenya to Address Finance Bill Concerns

Share
Share

The African Commission on Human and Peoples’ Rights (ACHPR) has expressed deep concerns over Kenya’s proposed finance bill, citing potential threats to socio-economic stability and privacy rights.

In a statement issued by Hon Commissioner Solomon Ayele Derso, the ACHPR emphasized the need for extensive public consultation regarding the government’s introduction of new taxes. This move has triggered widespread public dissatisfaction and raised alarms within the commission about its impact on vulnerable groups.

Commissioner Derso underscored, “Implementing fiscal measures that affect citizens’ socio-economic welfare demands thorough consultation with affected parties. This is essential to uphold the principles enshrined in the African Charter, safeguarding civil, political, and socio-economic rights.”

Of particular concern is a provision in the finance bill proposing the removal of section 51 of the Data Protection Act. This amendment would grant the Kenya Revenue Authority (KRA) access to individuals’ financial records without judicial oversight, raising concerns about privacy and civil liberties.

“The commission strongly opposes such measures, as they set a dangerous precedent for government intrusion into personal data, undermining fundamental rights guaranteed under the African Charter,” emphasized the ACHPR.

In response to recent protests against the finance bill, the ACHPR called upon the Kenyan government to uphold the right to peaceful assembly and release individuals detained during demonstrations. Additionally, it urged constructive dialogue with the public to explore alternative fiscal policies that alleviate financial burdens while respecting human rights.

“The welfare of ordinary citizens must be the cornerstone of economic policies,” stated the commission. “We stand in solidarity with the people and government of Kenya in their pursuit of social justice and urge immediate action to address these pressing concerns.”

As Kenya addresses these challenges, the ACHPR reaffirms its commitment to supporting initiatives that uphold human rights and promote inclusive governance practices.

photo source: Google

By: Montel Kamau

Serrari Financial Analyst

21st June, 2024

Share
Share

Follow Us

Money & Life Transformation Blueprint
Build and grow
your wealth.
Stop Guessing With Your Money. Start Building Wealth With Confidence.
Know exactly how to grow your wealth in the next 12 months
Increase your savings & investments by 20–40% in 6 months
Build your first Ksh1 million portfolio with confidence
Stop guessing. Start compounding.
Turn Your Income Into Wealth
$4.99 /mo
Money & Life Transformation Subscribe Now →

Enjoying Serrari? Let others know!

School teaches you how to earn money, Serrari teaches you how to build wealth
Step up your money game.
Build your wealth confidence — saving, investing, and wealth-building explained in plain language.
Start your wealth builder journey
Daily Dispatch

Stay Ahead of the Money Market Fund (MMF), Bonds, Fixed Deposits and More.

Stop guessing with your money. Get market intelligence, investment insights, and wealth-building strategies — delivered weekly. Kenya, Africa, and global markets.

No spam 1 min weekly Free forever
Enjoying Serrari? Let others know!

Rate Serrari on Trustpilot

Your review helps us improve and helps others discover Serrari

Click below to share your experience with Serrari. It takes less than a minute, and your feedback means the world to us.

Write My Review
[Message truncated - exceeded 50,000 character limit]

Explore more

Advertise on Serrari

Thanks for your interest in advertising with Serrari Group! Fill out the form below to get our Rate Card and explore partnership opportunities.

Your first and last name
The brand or company you represent
Where we'll send the Rate Card and follow-up
Optional — helpful if you prefer a quick call
Optional — your company website
Select all that apply
Helps us recommend the right options
Anything else we should know?

Speak to a Wealth and Financial Analyst

Get personalised investment guidance for your goals.

Speak to a Wealth and Financial Analyst →