NAIROBI, Kenya, Mar 25 Kenyans who will fail to pay their dues by April 1 will not be listed in the Credit Reference Bureau (CRB) following a directive by President Uhuru Kenyatta.
The directive did not cover at least 3 million Kenyans listed in CRB.
The move, President Kenyatta, however, cautioned is only temporary, to cushion Kenyans from an already battered economy, further weakened by a raft of measures adopted to curb the spread of the disease.
The President said, he has issued a “temporary suspension of the listing with Credit Reference Bureaus of any person, Micro, Small and Medium Enterprises (MSMES) and corporate entities whose loan account falls overdue or is in arrears, effective 1st April 2020.”
At the same time, Kenyatta further directed the national treasury to seek parliament’s approval for a 100 percent tax relief for people earning a gross monthly income of up to Sh24,000.
Also, in the list of measures include reduction of Income Tax Rate (Pay as You Earn) from 30pc to 25pc, reduction of Resident Income Tax (Corporation Tax) from 30 pc to 25pc, among others.
The President said the cases of coronavirus shall rise to 28 after three people turned positive.
He urged Kenyans to continue observing the laid out precautionary measures which include washing hands using water and soap, use of sanitizers and social distancing.
“Social distancing is now our new norm, it is our new way of life,” the President pointed out.
“We reiterate that the most effective way to limit the spread of the virus is through basic changes in individual behaviour and hygiene. We have recently experienced cases within our country where transmission was from our political and religious leaders who unfortunately did not heed the guidance by the Ministry of Health on self-quarantine and social distancing.”
The disease has claimed more than 18,000 people across the world.