Ruto Concedes to Protests, Now He Must Fix Kenya’s Budget
- President withdrew tax hikes after crackdown on protests
- Now must address debt burden, prospect of more borrowing
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Kenyan President William Ruto on Wednesday evening conceded to mass street protests and withdrew a contentious finance bill that included a raft of tax hikes.
Now he needs to figure out how to right the fiscal ship of East Africa’s most industrialized economy, and restore trust with citizens even as the country reels from a brutal police crackdown that left at least 23 people dead this week.