Kenya protests show citizens don’t trust government with their tax money: can Ruto make a meaningful new deal?

Kenya protests show citizens don’t trust government with their tax money: can Ruto make a meaningful new deal?

By Eric Magale, University of Pretoria and Mario Schmidt, Max Planck Institute for Social Anthropology Each year, the Kenyan government tables a finance bill outlining measures for funding the national budget. In the past, these bills have scarcely attracted public attention. This changed dramatically in 2023, with President William Ruto’s first budget following his election victory the year before. Ruto inherited an economy battling […]

July 17, 2024 54

Africa

Kenya protests: Ruto pulling the finance bill is unlikely to satisfy angry young protesters – here’s why

By Kathleen Klaus, Uppsala University In a move that shocked observers, Kenya’s President William Ruto announced on 26 June he was withdrawing his government’s highly controversial finance bill. This followed two days in which tens of thousands of mostly young protesters took to the streets in nationwide rallies against the proposals contained in the country’s 2024 budget. Kathleen Klaus, who has studied […]

June 27, 2024 99

Business / Economics

Economists break down revised tax reforms and national budget

With Finance and Public Enterprises Minister Ipumbu Shiimi having announced in yesterday’s National budget that the government has revised tax reforms that will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, we asked Cirrus Capital Economist Robert McGregor for a breakdown of the numbers. Namibia's largest-ever annual budget on Wednesday […]

February 29, 2024 50