Browsing: Ruto dialogue with youth after Kenya tax bill protests

negative outlook Kenya Moody's
  • Ruto has bowed to public pressure and withdrawn the Finance Bill 2024, a piece of legislation that contained contentious tax increases.
  • His move follows deadly protests that engulfed Kenya on Tuesday leaving 22 dead and part of parliament set ablaze.
  • President Ruto: “It is clear that Kenyans want nothing to do with the bill. I concede.”

Kenya’s President William Ruto has bowed to public pressure and withdrawn the Finance Bill 2024, a piece of legislation that contained contentious tax increases, following deadly protests that engulfed Kenya on Tuesday.

The demonstrations, which saw parts of the parliament set ablaze, have been described as the most significant since Ruto took office in 2022.

In a national address late Wednesday, President Ruto acknowledged the widespread opposition to the bill, stating, “It is clear that Kenyans want nothing to do with the bill. I concede.” He assured the public that he would not …