Justice Mohamed Warsame, Kathurima M'Inoti and Hellen Omondi gave the directive on Thursday after submissions by Treasury Cabinet Secretary Prof Njuguna Ndungu.
CoA's direction on the matter came days after Chief Justice Martha Koome appointed a three-judge bench to hear Finance Act 2023 petition refereed to her by Justice Mugure Thande. While referring the matter to the CJ, Justice Mugure Thande cited weighty constitutional matters raised by petitioners led by Busia Senator Okiya Omtatah.
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How much it costs to finance a R1 million bond at the current interest rateDespite the decision by the SARB to hold interest rates, financing a bond is still 40% more expensive compared to only 19 months ago.
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