Kenya's President withdraws tax bill, introduces more austerity measures

A man watches as President William Ruto gives a televised address at State House in Nairobi where he withdrew the contentious Finance Bill 2024 following widespread protests. President William Ruto concedes to public pressure and withdraws the tax bill after countrywide protests. Kenya's President William Ruto has announced he will not sign the Finance Bill 2024 into law following intense public outcry and violent protests.

The government wanted to raise funds to pay off its debt, but Kenyans said the bill would have caused more economic pain as millions struggle to get by. On Wednesday, Kenyans faced the lingering smell of tear gas and military in the streets, a day after thousands stormed the parliament in an act of defiance that Mr Ruto says was an “existential” threat.The Kenya National Human Rights Commission says at least 22 people were killed in the clashes, some shot by police.

Kenyan political activist Boniface Mwangi says President Ruto didn't really have a choice but to withdraw the tax hikes.

Source: News Formal (newsformal.com)

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