Electricity cost relief
Contrary to earlier media reports, President William Ruto claims there won't be an increase in the price of power.
Following the government's elimination of the low-cost Kenya Power electricity subsidy, numerous media outlets had stated that the price of power would increase as of today.
However, Ruto clarified that the government had already terminated the subsidies in August 2022, so the price of energy will not increase, while addressing at a Sunday service at Siloam in Bamburi, Mombasa County.
"We have already taken care of all the subsidies that we removed in August and we are going to ensure our manufacturers, our value-addition processors and all Kenyans including those on lifeline tariffs are taken into consideration as we review the tariffs going into the future," said Ruto.
However, according to President Ruto, the administration won't hesitate to take difficult decisions that would promote long-term economic expansion.
The president revealed that the elimination of subsidies on necessities would save the nation more than Sh 25 billion per month.
The government of former President Uhuru Kenyatta had implemented a cheap power subsidy, but the International Monetary Fund (IMF) and Kenya Power opposed further extending it.
The cushion program was implemented by the previous administration during a time of social unrest and strain due to an ongoing cost-of-living problem.
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