• Short Summary

    EXTENSIVE ECONOMIC CHANGES ARE OUTLINED IN A PAMPHLET PREPARED BY MR MBOYA, KENYA'S MINISTER OF ECONOMIC PLANNING, WHICH WAS PUBLISHED YESTERDAY (TUESDAY) IN NAIROBI.

  • Description

    EXTENSIVE ECONOMIC CHANGES ARE OUTLINED IN A PAMPHLET PREPARED BY MR MBOYA, KENYA'S MINISTER OF ECONOMIC PLANNING, WHICH WAS PUBLISHED YESTERDAY (TUESDAY) IN NAIROBI. PRESIDENT KENYATTA PRESENTED IT TO A PRESS CONFERENCE AND CALLED THE PAMPHLET: "KENYA'S BIBLE".

    THE PAMPHLET DEFINES KENYA'S NEW POLICY OF AFRICAN SOCIALISM. RULING OUT LINKS WITH COMMUNISM IT SAYS: "AFRICAN SOCIALISM DIFFERS POLITICALLY FROM COMMUNISM BECAUSE IT ENSURES EVERY MATURE CITIZEN EQUAL POLITICAL RIGHTS, AND FORM CAPITALISM BECAUSE IT PREVENTS THE EXERCISE OF DISPROPORTIONATE POLITICAL INFLUENCE BY ECONOMIC POWER GROUPS."
    TAX CHANGES FORESEEN INCLUDE THE INTRODUCTION OF A FULL P.A.Y.E. (PAY AS YOU EARN) SYSTEM, A REDUCTION IN PERSONAL TAX ALLOWANCES, AN EXPANSION OF PROPERTY TAXES, THE INTRODUCTION OF A CAPITAL GAINS TAX, AND FULL TAXATION OF DIVIDENDS.

    THE PAMPHLET PROPOSES A PROGRESSIVE ABOLITION OF DIRECT: TAXES ON PEOPLE WITH EXTREMELY LOW INCOMES.

    THE KENYA GOVERNMENT PLANS AN INVESTIGATION INTO THE POSSIBILITY OF NATIONALISATION OF A COMPANY CONTROLLING POWER AND LIGHTING. THE PAMPHLET SAYS: "NATIONALISATION IS A USEFUL TOOL THAT HAS ALREADY BEEN USED IN KENYA, AND WILL BE USED AGAIN WHEN CIRCUMSTANCES REQUIRE."
    THE PAMPHLET ALSO ASSERTS THAT RELIGION, AS A FUNDAMENTAL FORCE IN AFRICAN TRADITIONAL LIFE, WILL BE A PROMINENT FEATURE OF AFRICAN SOCIALISM.

  • Tags

  • Data

    Film ID:
    VLVA9PDY2UY8CJ1N5S21FRWPP7UBV
    Media URN:
    VLVA9PDY2UY8CJ1N5S21FRWPP7UBV
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    28/04/1965
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:43:00
    Time in/Out:
    /
    Canister:
    N/A

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