William Ruto signs Sugar Bill 2022 into law, Kenyans to pay 4% levy

Published

3 days ago

November 2, 2024

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The new law will create the Kenya Sugar Board and the Kenya Sugar Research and Training Institute, to revitalise the sugar sector
It will also facilitate the implementation of the Sugar Development Levy, which is capped at 4% of domestic sugar value
The Kenya Sugar Research and Training Institute will be managed by a nine-member board led by a Cabinet secretary appointee

Ekwutosblog journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers profound insights into Kenyan and global economic trends.

President William Ruto has assented to the Sugar Bill 2022.

Which sugar levy will Kenyans pay?

The new law will create the Kenya Sugar Board and the Kenya Sugar Research and Training Institute, to revitalise the sugar sector.

It will also facilitate the implementation of the Sugar Development Levy, which is capped at 4%.

“Structured funding for the Kenya Sugar Board will come from National Assembly allocations and a Sugar Development Levy, capped at 4% of domestic sugar value and CIF of imported sugar.

Allocations include 15% for factory development, 15% for research, 40% for cane productivity, 15% for infrastructure in sugarcane-producing regions, 10% for Board administration, and 5% for sugarcane farmers’ organisations,” the Presidency stated.

https://twitter.com/WilliamsRuto/status/1852312368941826136?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1852312368941826136%7Ctwgr%5E5e04f4923cfc49825c9c4ae9910d943546d3d502%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tuko.co.ke%2Fbusiness-economy%2F567657-william-ruto-signs-sugar-bill-2022-law-kenyans-pay-4-levy%2F

Why Ruto signed Sugar Bill 2022 into law

According to Ruto, the measures will strengthen the industry by boosting production, enhancing milling efficiency, aligning capacity with cane supply, promoting value addition, and providing critical funding.

The Kenya Sugar Research and Training Institute, with a nine-member board led by a Cabinet secretary appointee, will promote research, innovation, and access to sugar technologies.

A five-member Sugar Arbitration Tribunal will be formed to settle sector issues within 90 days, with the possibility of appeals to the High Court and Court of Appeal. A judge with the necessary qualifications will chair the tribunal.

What are sugar prices in Kenya?

The Sugar Directorate revealed that sugar production between January and September increased to 615,499 metric tonnes (MT), compared to 374,119 MT recorded last year.

Wholesale sugar prices dropped to an average of KSh 5,367 per 50kg bag, down 1% from KSh 5,424 per 50kg bag in August 2024.

Retail sugar prices in September averaged KSh 136 per kilo, down from KSh 141 in August as inflation eased.

IGP RECEIVES REPORT ON CARE, WELFARE OF YOUNG DETAINEES; ASSURES OF FOLLOW THROUGH ON RECOMMENDATIONS

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5 hours ago

November 4, 2024

Ekwutos Blog

IGP RECEIVES REPORT ON CARE, WELFARE OF YOUNG DETAINEES; ASSURES OF FOLLOW THROUGH ON RECOMMENDATIONS

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IGP RECEIVES REPORT ON CARE, WELFARE OF YOUNG DETAINEES; ASSURES OF FOLLOW THROUGH ON RECOMMENDATIONS

Following the recent remand and subsequent arraignment of some young individuals on Friday, 1st November, the Inspector-General of Police while in Algiers, Algeria for the African Union Mechanism for Police Cooperation committee meeting directed investigation into the conditions surrounding the care and welfare of these young persons while in Police detention facilities.

Upon receiving the investigative report today in Glasgow, where the IGP is currently participating in Interpol General Assembly, the IGP vowed to thoroughly examine it and take necessary actions to address any procedural lapses or concerns.
To further ensure professionalism in investigation with emphasis on child-friendly investigation and care, the IGP has summoned all DCs CID and Heads of Investigation Units to a conference and workshop on November 7, 2024, at the Police Resource Center, Jabi.

The Nigeria Police Force reaffirms its commitment to upholding legal frameworks, ensuring fairness, and accountability, especially for vulnerable groups.

ACP Olumuyiwa Adejobi, mnipr, mipra, fCAI,
Force Public Relations Officer,
Force Headquarters,
Abuja.

4th November 2024

EVENTS

Court of Appeal Discharged and Acquitted Former CJN, Walter Onnoghen

Published

11 hours ago

November 4, 2024

Ekwutos Blog

Court of Appeal Discharged and Acquitted Former CJN, Walter Onnoghen

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The Court of Appeal has ordered the unfreezing of the former Chief Justice of Nigeria justice samuel walter onnoghen’s bank accounts in standard chartered bank, Wuse, Abuja.

This was after the court discharged and acquitted Onnoghen from the charges preferred against him in 2019 for not properly declaring his assets leading to his removal from office and the freezing of onnoghen’s bank accounts.

The consent judgment is the outcome of settlement terms, reached by counsel to the Federal Government and the former CJN.

The former Chief Justice of Nigeria had challenged his conviction and removal from office at the Court of Appeal.

EVENTS

IGP ARRIVES 92ND INTERPOL GENERAL ASSEMBLY IN UK WITH DELEGATES.

Published

12 hours ago

November 4, 2024

Ekwutos Blog

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IGP ARRIVES 92ND INTERPOL GENERAL ASSEMBLY IN UK WITH DELEGATES.

Harps on Global Networking for Improved Policing

The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, and other delegates from Nigeria have joined other Heads of Police Agencies and Police Chiefs from the 196 INTERPOL member countries to attend the 92nd INTERPOL General Assembly at Glasgow, United Kingdom from today 4th to Thursday 7th November 2024.

The Nigerian delegation, led by the Honorable Minister of Police Affairs, Sen. Dr. Ibrahim Gaidam, and the IGP accompanied by the Vice President INTERPOL Africa, AIG Garba Umar, mni (rtd), CP INTERPOL CP Olaolu Adegbite, the Principal Staff Officer to the IGP CP Johnson Adenola, and others, will also hold bilateral meetings with members of Europol and delegates of other countries represented to discuss security issues as it pertains to global partnerships, governance and data processing in addition to general policing capabilities and organized global crimes

The Inspector-General of Police hopes to leverage on the positive outcome of the meeting to further strengthen the capacity of the Nigeria Police Force and the West African Police Chiefs Committee (WAPCCO) in his capacity as chairman, in its quest to curb organized crimes across the country and West African subregion. He reiterates the commitment of the force through its INTERPOL unit to continuously collaborate with other Police institutions to ensure collaborative investigation of international crimes and thereby reduce the potential for such crimes within our borders.