• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, July 11, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Africa

Ruto Ditches Controversial Finance Bill After Deadly Protests 

Lawrence Ankutseby Lawrence Ankutse
June 26, 2024
Reading Time: 4 mins read
President William Ruto

President William Ruto

Kenyan President William Ruto announced on Wednesday, June 26 that he will not sign into law a contentious finance bill proposing new taxes, following a day of intense protests that resulted in multiple fatalities.

President Ruto acknowledged that the bill had caused “widespread dissatisfaction” and stated that he had listened to the people’s concerns and decided to retract the bill. 

This development represents a significant setback for Ruto, who ascended to power with promises to alleviate the economic pressures on Kenyans but has faced strong opposition to his latest reform efforts.

“It is necessary for us to have a conversation as a nation on how to manage the affairs of the country together,” President Ruto emphasized.

ADVERTISEMENT

The aftermath of the protests left Nairobi, the capital, enveloped in the lingering scent of tear gas, with military personnel visible on the streets. 

The demonstrations, which saw thousands of people storming parliament in a bold act of defiance, led to at least 22 deaths, according to a human rights group.

President Ruto described the deaths as an “unfortunate situation” and extended his condolences to the victims’ families.

While Nairobi has witnessed protests in the past, activists and observers warned that the current unrest carries greater risks. 

On Tuesday, President Ruto vowed to suppress the unrest “at whatever cost,” even as further protests were planned for Thursday at State House. Soldiers patrolled the streets alongside police, who faced accusations of shooting several demonstrators on Tuesday.

ADVERTISEMENT

The protests have united Kenyans across tribal and other divisions in a youth-led movement to prevent the finance bill from becoming law. 

Although there were no reports of violence on Wednesday, an atmosphere of fear persisted. Civil society groups reported abductions of individuals involved in recent protests and anticipated more such incidents.

Tensions Rise Amid Unpredictable Protests

Herman Manyora, an analyst and professor at the University of Nairobi highlighted the dynamic nature of the situation.

ADVERTISEMENT

“We are dealing with a new phenomenon and a group of people that is not predictable. If it would have been the normal demonstrations, I’d say it would fizzle out with time, but we don’t know whether these people will fear the army.” 

Herman Manyora
Herman Manyora
Herman Manyora

Manyora noted that President Ruto missed an opportunity to calm tensions during his national address on Tuesday night. Instead of adopting a more conciliatory approach, the president’s speech was perceived as stern and uncompromising.

“We expected him to appreciate the gravity of the issue and empathize with the young people,” Manyora said. “Instead, people saw an angry president who is reading a riot act to the nation.”

Many young people who supported Ruto’s election, drawn by his promises of economic relief, now oppose the painful reforms. 

The protests led to part of the parliament building catching fire and clashes erupting in several communities beyond the capital.

The Kenya National Human Rights Commission reported that 22 people were killed, 300 were injured, and 50 were arrested during the protests. Roseline Odede, the commission’s chairperson told the media.

Edith Wanjiku, the mother of a teenager killed during the protests, called for the arrest and prosecution of the police officers responsible for her son’s death. “He had just completed school and was peacefully protesting,” she said.

On Wednesday, authorities cordoned off Parliament, City Hall, and the Supreme Court with tape reading “Crime Scene Do Not Enter.” Police reportedly fired over 700 blanks to disperse protesters in the Nairobi suburb of Githurai overnight, with videos of the gunfire circulating online.

“My plea to the president is to listen to us and understand that this financial bill they want to pass is not as important as people’s lives,” said Gideon Hamisi, a businessman in Nairobi. 

“Many young people lost their lives yesterday. I am a young man, and I feel deeply pained by what transpired.”

Gideon Hamisi

Opposition leader Raila Odinga condemned the use of force against protesters and called for dialogue, asserting that Kenya’s constitution had been effectively suspended.

“Kenya cannot afford to kill its children just because the children are asking for food, jobs, and a listening ear,” Odinga stated.

READ ALSO: GSE Launches OTC Market for Unlisted Rural Banks and SMEs

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Herman ManyoraParliamentProtestsRaila OdingaRoseline OdedeWilliam Ruto
ShareTweetShareSendSend
Please login to join discussion
Previous Post

Broadcaster Fires Auntie Naa Following Heated Interview With Yaw Sarpong’s Wife

Next Post

NANHRI Condemns Excessive Force in Kenya Amidst Public Unrest

Related Posts

namibia 2
Africa

Namibia Strengthens Strategic Partnership With China

July 10, 2026
Cholera Outbreak
Africa

WHO Warns Cholera Outbreak Could Spiral in Sudan

July 10, 2026
Uganda
Africa

Uganda Judiciary Rejects Lawyers’ Push to End Colonial Court Traditions

July 9, 2026
President Hakainde Hichilema
Africa

Hichilema Seeks Second Term as Zambia Election Race Tightens

July 9, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Lands Minister with Chamber of Mines CEO

Leases Renewal Poses Greater threat to Investors Than High Tax Rates – Chamber of Mines

July 11, 2026
ADB Opens Applications for 2026/2027 National Service Programme

ADB Opens Applications for 2026/2027 National Service Programme

July 10, 2026
Chief Consultant at Brand Cipher, Mawuko Afadzinu

Afadzinu Warns Premier League Popularity Reveals Ghana Football’s Failing Commercial Foundation

July 10, 2026
download 24

Pakistan Recovers Additional Cargo Plane Debris from Arabian Sea

July 10, 2026
Image of Completed building of Weija Children Hospital

Contractor for Weija Children’s Hospital Picked Up by EOCO

July 10, 2026
ADVERTISEMENT
Next Post
Mr. Joseph A. Whittal, Chairperson of NANHRI

NANHRI Condemns Excessive Force in Kenya Amidst Public Unrest

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.