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Court of Appeal lifts orders barring implementation of Finance Act 2023
A Malindi-based hotelier risks losing a parcel of land on which its famous hostel is built unless it clears a loan advanced to it by SBM Bank. PHOTO | SHUTTERSTOCK
The Court of Appeal has lifted an order issued last month suspending the implementation of the Finance Act 2023 after Treasury CS Prof Njuguna Ndung’u argued that the government loses half-a billion shillings daily, following the freeze.
A bench of three judges of the appellate court lifted the suspension placed on June 30, pending the determination of an appeal filed by Prof Ndung’u.
