Sports CS Kipchumba Murkomen has reignited the debate on the shelved Finance Bill 2024, which was withdrawn following a significant public backlash.
The bill aimed to raise taxes and faced criticism as Kenyans struggled with a challenging economic climate.
At a media briefing for the upcoming CAC Road Cycling African Championship in Nairobi, Murkomen highlighted the bill's potential benefits, such as removing certain taxes, which could have positively impacted everyday Kenyans.
Did you read this?
His comments come amid claims from President William Ruto’s administration that misinformation had incited Kenyan youth to protest, citing poor government communication.
Murkomen responded to concerns regarding taxes in the cycling industry, which have hindered Kenyan cyclists from competing on the global stage.
"I wasn’t aware bicycles were being taxed, but if that’s the case, I’ll address it with the Ministry of Finance and explore removing some of these taxes in the next Finance Bill," Murkomen said.
He noted that while the previous Finance Bill had been rejected, it included provisions to eliminate certain taxes that would benefit other sectors of the economy, though not specifically cycling.
Murkomen also emphasized the importance of private sector investment in sports infrastructure, particularly stadiums. He believes collaboration with the corporate world could enhance sports facilities and foster growth in the industry.
He plans to organize a roundtable discussion to explore how businesses can contribute to sports development.
Additionally, he stressed the need for professional management of sports federations, ensuring accountability and transparency to build public confidence.
The government plans to reintroduce non-contentious tax reforms in the finance bill in future legislative efforts.
