FridayOL

The ongoing public hearings regarding the Finance Bill 2025 and the Virtual Asset Service Providers Bill 2025 are progressing, with crucial sessions scheduled for Machakos and Kiambu. These hearings, which kicked off on Saturday, June 31st, are set to wrap up on Friday, July 6th, providing a vital platform for citizens and stakeholders to voice their opinions and concerns.

The National Assembly's Finance Committee, under the leadership of Molo MP Kuria Kimani, is actively touring the country to gather oral submissions. Tomorrow's focus will be on Machakos and Kiambu, offering residents a direct opportunity to engage with lawmakers and influence the final shape of these significant pieces of legislation.

Why These Bills Matter

The Finance Bill 2025 proposes significant changes to Kenya's tax laws, impacting individuals, businesses, and the overall economy. Understanding these proposed changes is crucial for everyone. The bill aims to address budgetary needs, but its implications require careful scrutiny and public input.

Alongside the Finance Bill, the Virtual Asset Service Providers Bill 2025 is also under review. This legislation seeks to regulate the burgeoning cryptocurrency and digital asset sector in Kenya, aiming to protect investors and ensure financial stability. The bill is particularly relevant given the increasing adoption of virtual assets and the need for a clear regulatory framework.

What to Expect from the Hearings

The public hearings are designed to be inclusive and transparent. The Finance Committee encourages all interested parties – including business owners, civil society organizations, and individual citizens – to participate.

• Oral Submissions: Residents in Machakos and Kiambu will have the opportunity to present their views and suggestions directly to the committee.
• Expert Testimony: The committee will also hear from industry experts and stakeholders who can provide valuable insights into the potential impacts of the bills.
• Public Scrutiny: The hearings provide a crucial check on the legislative process, ensuring that the bills are thoroughly examined and debated before being passed into law.

How to Stay Informed

For those unable to attend the hearings in person, updates and summaries will be available on the National Assembly website and through various media outlets. It's important to stay informed and engaged in this important process.

The Finance Committee's commitment to conducting these public hearings demonstrates a dedication to open governance and ensuring that the voices of Kenyans are heard. The outcomes of these hearings will undoubtedly shape the future of Kenya's financial landscape and its approach to emerging technologies.

Don't miss this chance to contribute to the shaping of Kenya’s future!