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Vol 64 No 15

Published 20th July 2023


The street takes on State House

Bolstered by another billion from the IMF, President Ruto reckons he can face down a militant but uncoordinated opposition

Austerity economics and street protests are dominating William Ruto's first term in the presidency after he rejected restructuring Kenya's debts in favour of two years of fiscal belt-tightening. He calculates that with backing from the IMF and World Bank, the Treasury will be able to meet all its debt service obligations and return to the money markets within a couple of years.

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