Premium Only Content
HOW IMF SPARKED KENYA'S BIGGEST PROTEST IN YEARS
In our end-of-year review, William Sakawa takes us through the Kenyan protests against William Ruto's government.
The June-July protests in Kenya traced back to reforms the International Monetary Fund (IMF) pushed. In January, the IMF advised the Kenyan government to raise taxes, openly admitting that such measures would likely incite social unrest but urging the government to push ahead regardless. Pressured by the need to raise $2.7 billion for the fiscal year, President William Ruto proposed a Finance Bill introducing taxes on essential goods such as bread, diapers and sanitary products and increasing the cost of medical equipment. These measures disproportionately affected the most vulnerable, fuelling widespread anger.
Kenya's severe corruption problem exacerbates public frustration. Former President Uhuru Kenyatta estimated the country loses some KES 2 billion (around $15.5 million) daily to corruption, while the country's anti-corruption chief put it at a third of Kenya's budget.
Meanwhile, debt repayment consumes seven out of every ten shillings collected in taxes, yet much of this borrowed money ends up in offshore accounts rather than benefiting the public. Kenyans' anger is not just about taxes but also the misuse of funds and unfulfilled promises that have left citizens to shoulder the burden of corruption and mismanagement.
-
2:25
AfricanStream
4 months agoTHE ZANZIBAR REVOLUTION
463 -
5:43
Buddy Brown
5 hours ago $3.32 earnedThere's a List of WEF's "Post Trump" Predictions GOING VIRAL! | Buddy Brown
22.8K15 -
LIVE
The HotSeat With Todd Spears
2 hours agoEP 207: Have YOU earned THEIR Sacrifice??
595 watching -
LIVE
The Nunn Report - w/ Dan Nunn
1 hour ago[Ep 789] Republicans Turn “Clean CR” Into Hemp Ban | 50 Year Mortgage: Game Changer
137 watching -
12:56
Benjamin Sahlstrom
7 hours agoTesla Powerwall 3 vs Anker SOLIX X1
-
1:02:24
Timcast
5 hours agoBerkeley Goes BALLISTIC Over TPUSA Event, Massive BRAWL ERUPTS
161K136 -
LIVE
StoneMountain64
3 hours agoBattlefield REDSEC $100k TOURNAMENT
100 watching -
57:04
Daniel Davis Deep Dive
8 hours agoRussia's Doomsday Weapon /MIT Prof. Ted Postol
15.2K6 -
2:12:10
Steven Crowder
7 hours ago🔴Is This Really MAGA: What the Hell Is Donald Trump Doing?
464K564 -
1:03:36
The Rubin Report
5 hours agoCNN Panel Looks Angry as Republican Points Out How Dems Shutdown Backfired
50.8K62