AMILOADED MEDIA HUB NEWS UPDATE
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.
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.
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