President Ruto Says 3% Housing Levy is Nations' Collective Business CapitalFMKenya: Kenya
Speaking Sunday during an interdenominational prayer service in Isiolo Boys High school the head of state indicated that Kenya belongs to everyone and each citizen should be involved on issues that concern the country.
On April 23, President Ruto said the government will further strengthen the Housing Fund to help more Kenyans purchase affordable housing units. "Every employee who contributes 3 percent, the law will compel their employer to also contribute 3 percent to the Housing kitty," he added.The Treasury has since formally proposed changes to the Employment Act through the Finance Bill 2023, which has been tabled in the National Assembly for approval to allow deductions of 3 percent from employees' basic pay to aid in Ruto's plan to construct affordable housing for Kenyans.
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