Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

NCDMB Launches Certification Platform to Standardise Oil and Gas Training Providers

July 23, 2026

Google rolls out new selfie video sign-in feature

July 23, 2026

Dangote Refinery Raises $2.5bn In Africa’s Largest Private Equity Placement

July 23, 2026
Facebook X (Twitter) Instagram
Trending
  • NCDMB Launches Certification Platform to Standardise Oil and Gas Training Providers
  • Google rolls out new selfie video sign-in feature
  • Dangote Refinery Raises $2.5bn In Africa’s Largest Private Equity Placement
  • Tinubu approves expansion of Nigerian Army from eight to 12 divisions, recruitment of 28,000 personnel 
  • Passengers escape unhurt as Enugu Air aircraft veers off runway at Benin Airport
  • NAFDAC Begins Nationwide Crackdown On Alcoholic Drinks In Sachets, Small PET Bottles
  • UK updates banned and restricted items for travellers in 2026
  • Court sentences three men linked to Oyo school abduction to life imprisonment
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Politics»Africa»Kenya: President Ruto Says Finance Bill To Be Withdrawn After Anti-Tax Protest Deaths
Africa

Kenya: President Ruto Says Finance Bill To Be Withdrawn After Anti-Tax Protest Deaths

VardiafricaBy VardiafricaJune 26, 2024Updated:June 26, 2024No Comments10 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Kenyan President William Ruto said Wednesday that a bill containing contentious tax hikes would “be withdrawn”, dramatically reversing course after more than 20 people died and parliament was ransacked by protesters opposed to the legislation.

But he warned that the withdrawal of the finance bill would mean a significant shortfall in funding for development programmes designed to help farmers and schoolteachers, among others, as the East African nation struggles to lower its foreign debt burden.

“I concede and therefore I will not sign the 2024 finance bill and it shall subsequently be withdrawn,” Ruto told a press briefing, adding: “The people have spoken.”

Ruto’s administration has been taken by surprise by the intensity of opposition to its tax hikes, with protests breaking out across the country last week.

The largely peaceful rallies turned violent on Tuesday when lawmakers passed the legislation and police fired live rounds into crowds that ransacked the partly ablaze parliament complex.

The state-funded Kenya National Commission on Human Rights said it had recorded 22 deaths and 300 injured victims, adding that they would launch an investigation.

Frustration over the rising cost of living spiralled last week as lawmakers began debating the bill containing the tax hikes.

Ruto’s cash-strapped government said the increases were needed to service the country’s massive debt of some 10 trillion shillings ($78 billion), equal to roughly 70 percent of Kenya’s GDP

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

CAF President Motsepe hails African performance at World Cup

July 23, 2026

ECOWAS Member States Endorse Nigeria-Morocco African Atlantic Gas Pipeline

July 20, 2026

Senegal President Diomaye Faye elected new ECOWAS chairman

July 20, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025363

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202551
Don't Miss
Oil & Gas
Oil & Gas By VardiafricaJuly 23, 20264 Mins Read2

NCDMB Launches Certification Platform to Standardise Oil and Gas Training Providers

By VardiafricaJuly 23, 20262 Oil & Gas Updated:July 23, 202604 Mins Read

The Nigerian Content Development and Monitoring Board (NCDMB) will on Monday, July 27, 2026, officially…

Google rolls out new selfie video sign-in feature

July 23, 2026

Dangote Refinery Raises $2.5bn In Africa’s Largest Private Equity Placement

July 23, 2026

Tinubu approves expansion of Nigerian Army from eight to 12 divisions, recruitment of 28,000 personnel 

July 23, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

NCDMB Launches Certification Platform to Standardise Oil and Gas Training Providers

July 23, 2026

Google rolls out new selfie video sign-in feature

July 23, 2026

Dangote Refinery Raises $2.5bn In Africa’s Largest Private Equity Placement

July 23, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025363

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Type above and press Enter to search. Press Esc to cancel.