Listening keenly to the people of Kenya, who have said loudly that they want nothing to do with this finance bill 2024, I concede. And therefore, I will not sign the 2024 finance bill, and it shall subsequently be withdrawn, he said in a press briefing in Nairobi.
The move will be considered to be a victory for the week-old protest movement that grew from online condemnations of tax increases into mass rallies demanding a political overhaul, in the most serious crisis of Ruto's two-year-old presidency.
In an attempt to further defuse the volatile situation, Ruto proposed starting a dialogue with young people, civil society, religious organisations and professional bodies on the bill.
Kenya, east Africa's largest economy and a pillar of peace in a relatively turbulent region, is reeling from the unprecedented events of Tuesday's protests. Thousands of protesters gathered in Nairobi, the capital, with some storming into parliament and other offices of government instituti.
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