Nairobi, Kenya - In a surprise move, President William Ruto has refused to sign the Finance Bill, 2024, and has sent it back to Parliament with proposed amendments. The bill, which contains controversial tax proposals, was returned to lawmakers just days before they were set to go on recess.

According to sources, the President has pointed out key areas of the bill that need to be altered, and it is now up to Parliament to decide whether to amend the bill accordingly or pass it a second time without changes. If the House chooses to amend the bill, it must be supported by at least two-thirds of the members.

The tax proposals in question include a 16% VAT on bread, excise duty on vegetable oil, VAT on sugar transportation, a 2.5% motor vehicle tax, and an eco levy on locally manufactured products. These proposals have been met with widespread opposition from Kenyans, who say they will lead to increased costs of living.

The move by the President has been seen as a victory for Kenyans who have been protesting against the bill. However, it remains to be seen whether Parliament will amend the bill to address the President's concerns or pass it a second time without changes.

The speaker of the House may need to recall lawmakers from recess to debate and vote on the bill. The outcome of this process will have significant implications for the country's economy and the lives of ordinary Kenyans.