Sat. May 30th, 2020

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Freeing Up more Funds for Kenya’s Fight against Deadly Pandemic

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In a view to releasing more money into circulation and in keeping with the tough economic times Kenyans are experiencing, President Uhuru Kenyatta has announced voluntary salary cuts by the Executive. “I call on other arms of government and tiers of government to join us in this national endeavour by making similar voluntary reductions which will free up monies to combat this pandemic.” The measures could see the president earn less than his juniors in an unprecedented move. President Kenyatta says his deputy William Ruto and himself will take a pay cut of 80 percent. This means, for a president, who according to a Salaries and Remuneration Commission gazette notice of July 2017 currently earns $14,000 per month that could reduce to just over $2700. The coronavirus outbreak has seen firms cut their working hours while some of their staff are working from home as productivity and revenues take a hit. Kenya Airways’ top executives have taken pay cuts of between 35 percent and 25 percent while directors will work for free effective April 1 in efforts to preserve cash and cut operational costs.

SOURCE: THE CITIZEN

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