Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

World

Kenyan President Ruto withdraws controversial finance bill following deadly protests

by June 27, 2024
June 27, 2024
Kenyan President Ruto withdraws controversial finance bill following deadly protests

Kenyan President William Ruto said Wednesday that he will not sign a controversial finance bill, backing down in the face of mass protests that swept the country and reportedly left at least 23 people dead.

“Having reflected on the continuing conversation regarding the content of the finance bill 2024, and listening keenly to the people of Kenya who have said loudly that they want nothing to do with this Finance Bill 2024, I concede, and therefore I will not sign the 2024 finance bill,” Ruto said during a television address Wednesday.

“The people have spoken,” Ruto said. “Following the passage of the bill, the country experienced widespread expression of dissatisfaction with the bill as passed, regrettably resulting in the loss of life, the destruction of property and desecration of constitutional institutions.”

Protesters in Kenya say they will go ahead with a “One Million People March” on Thursday despite Ruto accepting their key demand of scrapping the bill. A poster shared widely on social media calls on all generations to return to the streets across the country on Thursday and block roads leading to the capital Nairobi.

Some protesters have also called for people to occupy the State House in Nairobi.

US Secretary of State Antony Blinken has spoken with Ruto since the clashes to urge restraint. According to a State Department readout of their call, Blinken “underscored the importance of security forces demonstrating restraint and refraining from violence and encouraged prompt investigations into allegations of human rights abuses.”

Kenya, a nation often praised for its stability, had seen escalating protests over the bill, which the government introduced to rein in public debt.

Last week, the government scrapped some tax increases, including a proposed 16% value-added tax on bread along with taxes on motor vehicles, vegetable oil and mobile money transfers. But the concessions were not enough to quell protests amid the rising cost of living.

On Tuesday they turned deadly when security forces fired teargas and live ammunition at protesters.

At least 23 people died in the violence, according to Kenya’s Police Reforms Working Group, (PRWG) a civil society organization.

The PRWG alleged in a statement published by Amnesty International Kenya that police targeted young, unarmed protesters outside the parliament, with the violence continuing into the night. They added that “reports show police shot several people in Githurai, Nairobi, one over 40 times — between 10 p.m. and 1 a.m., way after the protest ended.”

This was in contrast to details given by Ruto, who said in his speech that six people died.

“I send my condolences to the families of those who lost their loved ones in this very unfortunate manner,” Ruto added.

“There is need for us as a nation to pick up from here and go into the future,” Ruto said, adding that he would hold an engagement with the young people at the forefront of the protests to hear their ideas and proposals.

The Law Society of Kenya is calling for the resignation of Kenya’s inspector general of police and the Nairobi regional commander over officers allegedly shooting protesters.

The Law Society also said the police “abducted” several prominent social media users connected to the protests, and six people remain missing.

Ruto’s change of heart came as a surprise to some who observed his hardline stance just a day earlier.

During a nationwide address after the parliament was set alight, Ruto said the events on Tuesday were a grave threat to “national security” and that the conversation around the bill had been “hijacked by dangerous people.”

Kenyan analyst Herman Manyora said withdrawing the bill much earlier could have saved the lives lost on Tuesday.

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
Bolivia’s president denounces ‘irregular mobilization’ of military
next post
US Air Force member charged with kidnapping and raping Japanese schoolgirl

Related Posts

Libya dismisses foreign minister after meeting with Israeli...

August 29, 2023

Mexico’s Supreme Court decriminalizes abortion

September 9, 2023

What to know about Hezbollah, the powerful Iran-backed...

October 20, 2023

Turkey launches airstrikes against Kurdish militants following deadly...

October 2, 2023

Usain Bolt: The story behind one of athletics’...

August 28, 2023

Chinese ships spend record amount of time near...

May 30, 2024

Canada’s gold heist: Inside one of the biggest...

April 21, 2024

What mosquitoes are most attracted to in human...

August 20, 2023

Fan gambling heard by players ‘every single round,’...

August 23, 2023

Mali junta expects delay to February elections

September 27, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,056)
    • Investing (2,083)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,391)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved