Banks are abusing stimulus funds

The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

Faced with the Covid-19 pandemic crisis, President Uhuru Kenyatta commendably announced a stimulus package aimed at putting money into people’s pockets in order to stimulate the economy.

He asked the National Treasury to offer a 100 percent tax relief for persons with a gross monthly income of up to Sh24, 000.

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Note: The results are not exact but very close to the actual.