Berliner Boersenzeitung - 'The people have spoken': Kenya's Ruto pulls finance bill after protest deaths

EUR -
AED 4.061239
AFN 70.774285
ALL 90.674324
AMD 400.588378
ANG 1.979985
AOA 1014.065922
ARS 1708.818725
AUD 1.627461
AWG 1.992192
AZN 1.879823
BAM 1.955229
BBD 2.233478
BDT 137.929696
BGN 1.9559
BHD 0.418387
BIF 3352.91121
BMD 1.105852
BND 1.425122
BOB 12.980207
BRL 6.24054
BSD 1.108886
BTN 104.234956
BWP 15.384644
BYN 3.340924
BYR 21674.696468
BZD 2.230279
CAD 1.577039
CDF 2560.046784
CHF 0.924354
CLF 0.027949
CLP 1099.98486
CNY 7.37675
CNH 7.377757
COP 3668.807308
CRC 500.66502
CUC 1.105852
CUP 26.614223
CVE 110.234284
CZK 24.380825
DJF 197.474975
DKK 7.475371
DOP 67.280948
DZD 151.457624
EGP 59.092272
ERN 16.587778
ETB 181.067828
FJD 2.515094
FKP 0.835271
GBP 0.836107
GEL 2.864315
GGP 0.835271
GHS 12.985206
GIP 0.835271
GMD 81.832691
GNF 9825.217834
GTQ 8.473639
GYD 232.002207
HKD 8.675264
HNL 29.819556
HRK 7.534784
HTG 145.301483
HUF 365.491779
IDR 20145.248052
ILS 3.540329
IMP 0.835271
INR 104.187335
IQD 1681.139161
IRR 2116047.535497
ISK 136.616819
JEP 0.835271
JMD 175.668668
JOD 0.784015
JPY 176.996042
KES 143.716444
KGS 96.705527
KHR 4569.78864
KMF 493.210208
KPW 995.266721
KRW 1476.417309
KWD 0.34434
KYD 0.924147
KZT 492.534985
LAK 24954.70802
LBP 99304.282436
LKR 368.772242
LRD 188.517471
LSL 18.550659
LTL 3.265293
LVL 0.668919
LYD 7.151007
MAD 10.922908
MDL 20.227089
MGA 5061.52098
MKD 61.54566
MMK 2322.178184
MNT 3985.580384
MOP 8.959244
MRU 44.869968
MUR 52.660715
MVR 17.041092
MWK 1920.864311
MXN 20.579351
MYR 4.518954
MZN 70.674713
NAD 18.53394
NGN 1486.587678
NIO 40.808444
NOK 10.583743
NPR 166.774775
NZD 1.995747
OMR 0.425205
PAB 1.108976
PEN 3.780995
PGK 5.058613
PHP 70.551412
PKR 306.648568
PLN 4.405067
PYG 6874.084575
QAR 4.042474
RON 5.346681
RSD 117.602261
RUB 91.561274
RWF 1638.121327
SAR 4.174609
SBD 8.954413
SCR 15.490166
SDG 665.172606
SEK 11.089316
SGD 1.423286
SHP 0.828633
SLE 25.323544
SLL 23189.184907
SOS 633.101178
SRD 41.473866
STD 22888.900808
STN 24.493286
SVC 9.70334
SYP 14378.286141
SZL 18.534317
THB 37.444695
TJS 10.229949
TMT 3.88154
TND 3.33797
TOP 2.662625
TRY 55.680198
TTD 7.532935
TWD 36.35543
TZS 2940.298651
UAH 50.390575
UGX 4563.666457
USD 1.105852
UYU 44.947069
UZS 13274.121188
VES 995.809091
VND 28391.087743
VUV 133.070168
WST 3.0907
XAF 655.957
XAG 0.022146
XAU 0.000283734004
XCD 2.98862
XCG 1.998552
XDR 0.781895
XOF 655.957
XPF 119.331742
YER 261.535134
ZAR 18.548679
ZMK 9953.992832
ZMW 22.649689
ZWL 356.083848
SSP 6575.959858
MXV 2.311087
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

'The people have spoken': Kenya's Ruto pulls finance bill after protest deaths

'The people have spoken': Kenya's Ruto pulls finance bill after protest deaths

Kenyan President William Ruto said Wednesday that a bill containing contentious tax hikes would "be withdrawn", dramatically reversing course after more than 20 people were killed in clashes with police and parliament was ransacked by protesters opposed to the legislation.

Text size:

The initially peaceful demonstrations were sparked last week by the 2024 finance bill -- which politicians passed Tuesday afternoon -- and took Ruto's administration by surprise as rallies gathered momentum across the country.

But the Gen-Z-led protests spiralled into violence Tuesday when police fired live bullets at the crowds outside parliament, leaving the complex ransacked and partly ablaze.

Nineteen people were killed in the capital Nairobi, a state-funded rights watchdog said.

"I concede and therefore I will not sign the 2024 finance bill and it shall subsequently be withdrawn," Ruto told a press briefing.

"The people have spoken," he said.

"I will be proposing an engagement with the young people of our nation, our sons and daughters, for us to listen to them," he said, in a marked shift from his late-night address Tuesday when he likened some of the demonstrators to "criminals".

- 'Cannot kill all of us' -

Immediately after his speech, prominent protester Hanifa Adan dismissed Ruto's announcement as "PR".

Referring to his comments the previous night, she said on X: "He made that speech trying to intimidate us and he saw it won't work hence the PR."

"The bill is withdrawn but are you going to bring everyone that died back alive ??"

Ahead of Ruto's about-turn, protesters had called for fresh rallies on Thursday.

"Tomorrow we march peacefully again as we wear white, for all our fallen people," Adan had said.

"You cannot kill all of us."

Demonstrators shared "Tupatane Thursday" ("we meet Thursday" in Swahili), alongside the hashtag #Rejectfinancebill2024 on social media.

- Cost-of-living crisis -

Ruto came to power in 2022 promising to champion the needs of impoverished Kenyans, but tax increases under his government have only made life tougher for those already struggling with high inflation.

The Kenyan leader had already rolled back some tax measures last week, prompting the treasury to warn of a gaping budget shortfall of 200 billion shillings.

Ruto said Wednesday that withdrawing the bill would mean a significant hole in funding for development programmes to help farmers and schoolteachers, among others.

The cash-strapped government had said previously that the increases were needed to service Kenya's massive debt of some 10 trillion shillings ($78 billion), equal to roughly 70 percent of GDP.

- Deadly day -

Earlier on Wednesday, Roseline Odede, chairwoman of the state-funded Kenya National Commission on Human Rights, said "we have recorded 22 deaths", 19 of them in Nairobi, adding that they would launch an investigation.

"This is the largest number of deaths (in) a single day protest," she said, adding that 300 people were injured across the country.

Simon Kigondu, president of the Kenya Medical Association, said he had never before seen "such level of violence against unarmed people."

An official at Kenyatta National Hospital in Nairobi said Wednesday that medics were treating "160 people... some of them with soft tissue injuries, some of them with bullet wounds".

Rights watchdogs have also accused the authorities of abducting protesters.

The police have not responded to AFP requests for comment.

- 'Madness' -

A heavy police presence was deployed around parliament early on Wednesday, according to an AFP reporter, the smell of tear gas still in the air and dried blood on the ground.

A policeman standing in front of the broken barricades to the complex told AFP he had watched the scenes unfold on TV.

"It was madness, we hope it will be calm today," he said.

"They didn't leave anything, just the boxes. I don't know how long it will take me to recover," James Ng'ang'a, whose electronics shop was looted, told AFP.

The unrest has alarmed the international community, with Washington calling on Kenya to respect the right to peaceful protest on Wednesday.

Ruto's administration is under pressure from the IMF, which has urged the country to implement fiscal reforms in order to access funding.

(Y.Yildiz--BBZ)