Economy

Police, protesters gather ahead of anti-finance bill protest in Kenya

Date: Jun 25, 2024

Protesters in Kenya were set to stage nationwide demonstrations this Tuesday against new tax hikes, seeking to build on momentum that has, in the span of a week, turned an online, youth-led initiative into a major headache for the government. 

Organizers have also called for a general strike against the finance bill, which aims to raise an additional $2.7 billion in taxes as part of an effort to tame public debt that ballooned over the past decade.

Thousands took to the streets of the capital Nairobi and more than a half-dozen other cities during two days of protests last week. Political analysts say the protests represent a particular challenge for Ruto because, unlike previous demonstrations led by political parties, they lack an official leader who can be mollified through private negotiation and inducements.

President William Ruto won an election almost two years ago on a platform of championing Kenya's working poor.

He has been caught between the competing demands of lenders like the International Monetary Fund, which is urging the government to cut deficits, and a population reeling from cost-of-living increases brought on by inflation and steep tax rises enacted in last year's finance bill.

 --Reuters--

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