Kevin Dome FMVA®’s Post

Political unrest and economic strain in #Kenya From 1 August to 13 September 2024, #ACLED recorded 138 political violence events and 96 reported fatalities across Kenya. Nairobi saw the highest number of events, with 15 incidents primarily linked to riots, while Nyeri and Lamu counties experienced the most fatalities, with 21 and 12 deaths, respectively. Kenya’s ‘Generation Z’ protests against the 2024 Finance Bill —driven by concerns over elite politics, corruption, and inequality— significantly decreased in July and August. Organized primarily online and without a central leader, the movement quickly gained traction in June. In response, President Ruto formed a coalition of political elites, co-opt influential individuals and groups, and intimidated organizers and participants. Yet, with Kenya’s debt crisis persisting and more borrowing likely needed, it remains unclear whether popular discontent can be contained as financial strain deepens. Explore our latest report for a deeper analysis: https://lnkd.in/dwmKSYy7 

For so long, Kenyans have endured the consequences of oppressive regimes that have plagued our beloved country. Corruption has seeped into every corner of our institutions, punitive tax measures have burdened our citizens, and a glaring lack of accountability has stunted our growth and prosperity. Now, as if the damage they've done isn't enough, they aim to tighten their grip further with the proposed Finance Bill 2024—a bill that threatens to oppress us and future generations with even harsher economic burdens. We, the youth of Kenya, have had enough. We stand united, ready to reclaim our country and its future. We refuse to let these unjust measures define our lives or the lives of those who follow us. There is no turning back now. It is time for change, for integrity, and a brighter future for all Kenyans. Let’s unite and make our voices heard because there is no turning back. Together, we can and will bring about the change Kenya desperately needs. Join us in this critical movement. Show up for the protests and let us work together to build a Kenya we can all be proud of. #RejectFinanceBill2024 #RejectFinanceBill2024 #RejectFinanceBill2024

Today, the Kenyan Parliament is poised to pass the Finance Bill 2024.Companies have already indicated that they may discontinue or slow down their operations in Kenya if the bill is enacted. The potential repercussions are significant, threatening livelihoods and economic stability across the nation. We need policies that foster growth, encourage investment, and support our workforce.Let’s join hands and voice our concerns for a better future for Kenya. 🇰🇪 #FinanceBill2024 #KenyaEconomy #BusinessImpact #EconomicStability #KenyaBusinesses #RejectFinanceBill2024 #TokeaTuesday, #ukolonimamboleo, and #OccupyParliament,

In Nairobi, Kenya, tensions have escalated as citizens and activists voice vehement opposition to the newly proposed Finance Bill of 2024. The bill, which has sparked nationwide protests under the hashtag #Rejectfinancebill2024, has drawn criticism for its perceived impacts on the cost of living and economic inequality. Protesters argue that the bill unfairly burdens the average citizen by increasing taxes on essential goods and services, further straining household budgets already stretched thin by inflation and economic uncertainty. The controversial provisions of the bill include hikes in fuel and utility taxes, which opponents argue will disproportionately affect low-income families and exacerbate poverty levels. Demonstrators have taken to the streets, demanding that the government prioritize economic relief measures over austerity policies. Despite assurances from government officials that these measures are necessary for fiscal stability and public service provision, disagreement continues to grow, drawing attention to deep-seated public discontent with current economic policies in Kenya. #Kenya #bill #protest #news #globalpoliticsaffairs #economy #finance

Over the last few weeks, Kenyan youths actively Protested against the proposed financial bill of 2024. And, they were rightfully doing so because as a nation that is struggling with corruption, Nepotism, Embezzlement and unmet Performance indicators ( You remember the BETA - Kenya Kwanza's Economic Blueprint?) such a bill would be killing Kenya as a nation. ❓ How does corruption fuel poverty and malnutrition in Kenya⁉️ Kenya's Corruption Perception Index is 30/100, ranking it 126th out of 180 countries globally. Corruption drains an estimated KSh. 608 billion (7.8% of GDP) annually. Despite this, the Financial Bill 2024 proposes higher taxes, increasing the financial burden on citizens. ⁉️Increased Taxation: With higher taxes, the cost of living will skyrocket, pushing more families into poverty. ⁉️Agricultural Strain: Increased costs for farm inputs will reduce agricultural productivity, exacerbating food insecurity. ⁉️Healthcare Crisis: Misallocation of funds means essential health services and nutrition programs remain underfunded, worsening the triple burden of malnutrition. The president plans to increase taxes to between 15-20% of GDP, nearly double the amount lost to corruption each year. Strengthening anti-corruption measures could save half of this, negating the need for tax hikes. Let's advocate for transparency and accountability to ensure these changes truly benefit all Kenyans. #Kenya #RejectFinanceBill2024 #Corruption #Economy #Health #Agriculture #nutrition

Today, the Kenyan Parliament is poised to pass the Finance Bill 2024. Some companies have already indicated that they may discontinue or slow down their operations in Kenya if the bill is enacted. The potential repercussions are significant, threatening livelihoods and economic stability across the nation. We need policies that foster growth, encourage investment, and support our workforce. Let’s voice our concerns and advocate for a better future for Kenya. 🇰🇪 #FinanceBill2024 #KenyaEconomy #BusinessImpact #EconomicStability #KenyaBusinesse #RejectFinanceBill2024, #TokeaTuesday, #ukolonimamboleo, and #OccupyParliament

The Kenyan government has proposed a prosposterous finance bill which has led to Kenyans reeling in anger. We have been over-taxed, yet our taxes don't serve us. Instead we witness government officials living a life of opulence, government wastage , corruption scandals which in any sane country would be prosecuted. Youth in Kenya cannot secure jobs despite attaining degrees in university. And even the few who start businesses,close them down due to the hostile business environment due to overtaxation. We have taken a stand and demand government accountability. As per our preamble 1) All sovereign power belongs to the people of Kenya and shall be exercised only in accordance with this Constitution. (2) The people may exercise their sovereign power either directly or through their democratically elected representatives. We take back our power and reject finance bill #Rejectfinancebill2024 #RevolutionKe

We must explore the critical aspects of the Finance Bill 2024 and its impact on Kenya's economy, youth, and public services. Key recommendations include reducing the cost of living, supporting young entrepreneurs, and addressing the budget deficit to prevent further economic strain. We also emphasize the need for transparency and accountability in government spending. Let's work together to ensure a fair and sustainable economic future for all Kenyans. Watch the full video for an in-depth analysis and share your thoughts! #FinanceBill2024 #KenyaEconomy #PublicPolicy #TaxJustice #Accountability #YouthEmpowerment #EconomicReform #Transparency #Governance #KenyanPolitics @Future Of Kenya Foundation Cyprian Nyamwamu

Kenya's Debate on Post-Presidency Benefits: A Call for Fiscal Prudence In Kenya, the tradition of providing salaries and allowances to retired presidents has ignited a debate that touches on fiscal sustainability and governance. Economically, this practice places a heavy burden on a developing economy, with the potential for escalating costs as the number of beneficiaries grows. This is particularly concerning given Kenya's fiscal challenges, such as high public debt and budget deficits. The principle of opportunity cost suggests that funds for ex-presidents might be better invested in public services, potentially yielding higher returns in terms of economic growth and poverty reduction. Politically, generous post-presidency benefits raise the stakes of elections, potentially compromising democratic integrity and stability. Governance reforms could offer a solution, with potential actions including capping benefits and enhancing transparency. International benchmarks show that it's possible to honor former leaders without compromising fiscal responsibility. For Kenya, rethinking these benefits could enhance fiscal sustainability, ease political tensions, and foster better governance, aligning spending with the goals of efficiency, equity, and long-term prosperity. #Kenya #Governance #FiscalSustainability #PublicFinance #EconomicGrowth #PoliticalReform #Aİ

So proud of Gen Zers and Millenials for starting what will soon be recognized as a revolution in Kenya. For decades, Kenyans have been forced and abused into submission. Older generations were taught to fear power and uphold status quo but it seems like it is a new dawn- the abuse of power has to stop and GenZers are not afraid to hold these leaders accountable. The time is now!!! I saw a post that said "It's not teargas, it's the fragrance of change" while it's hilarious, the statement is so empowering. In my opinion, if the MPs decide that they will not get rid of the bill altogether then lets start amending the bill by cutting the pay/perks for politicians and reducing the number of unnecessary government positions. In this proposed bill,the wife of the President has been allocated a salary of Ksh 700,000,000 which is $5millionUSD! How is that logical? Honestly, it's not even practical for a nation that is still sourcing funds from the West to misappropriate fund in such a manner. Adding hefty taxes will not get the country out of debt. It's eradicating corruption, managing the funds, electing educated politicians who want to do the work and ensuring that they are capable of leading Kenya to greater heights. Not everyone is a strategic and visionary leader. We need leaders who truly care about Kenya and the people. Most of these elected officials lose touch with reality as soon as they start earning their undeserved salaries because their goal was the money not the job. Again I say-- if the government wants to amend the bill, let us start with the politicians salaries. #genZ ##rejectfinancebill2024 #Kenya #Africa #Corruption #Leadership #Kenya #diaspora #linkedin