Why Young Kenyans are Protesting the IMF

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This week, protesters in Kenya poured into the streets across the country to violently protest a controversial finance bill aiming to raise taxes. In this video, we're going to take a look at Kenya's debt crisis, the controversial finance bill, and whether IMF is to blame.
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[@mono_phthalamus]

One thing this video didn't address, a key driver for the protest is the anger at politicians who are corrupt, openly flaunting their wealth after looting the country and talking down ordinary citizens when they said they can't afford a larger tax burden

[@LilBlAcK76]

sounds like Canada

[@khlaps]

⁠Politicians in Canada, and most Western countries, are paid a lot to prevent incentivizing corruption.

[@zerotwo_.002]

​@@khlapsslightly less corruption is all that did as they have essentially legalized corruption by having the ability to lobby.

[@tiefblau2780]

Why is the IMF trying to save Kenyans? Let them have China China Debt are way better and DYE, hair

[@alexandru5369]

Great point aren't Kenyan politician's among the highest paid on Africa?

[@mshstudio2148]

I am from Kenya, More than 20 people died during the protests, A rumored 100-200+ people were then massacred that night in Githurai, Nairobi They are lying about the statistics, many many died all with bullet hole Its very sad here🥲

[@vanhuvanhuvese2738]

Next time Bantu people are the majority they should never elect into power a the same people who used to enslave them in Egypt

[@sammjimson7395]

No Kenyan is against paying taxes. We're against mismanagement of the countries resources. Imagine a president taking a $1.5 million private jet to the US l, turns around and tell the nation to live within their means! The audacity!!!

[@LeeKelly-dj4rf]

So basically we are the same, because I can guarantee no matter where you live anywhere on Earth regardless of your country’s political situation or wealth a politician will tell you to live within your means..

[@AMAli-ct5df]

Yes. While they live lavishly

[@nielskorpel8860]

@@LeeKelly-dj4rf It is what you do to avoid actually diving into the problems/circumstances/playing field that your citizens have to navigate. ...which you want to do, to avoid actually changing your society, possibly at the cost of those who have success whitin it. Because what if, regardless of whatever problems/circumstances/playing fields, some people are slightly more lazy than they could be?

[@ndetokiio3563]

kenya is against i.m.f my brother, those high taxes are proposed by i.m.f if you do not know

[@ndetokiio3563]

government taking private lands is a project of i.m.f

[@zack7438]

As a Kenyan, our problem is not the IMF. Kenya's issue is tribal politics. The people who vote along tribal lines are just as much to blame as those politicians who steal money. The IMF has no duty of care to Kenyans, their job is to loan money and they expect it back as they should.

[@peaceofficer01]

Doesn't matter whether you take loans from IMF or China. It's how the loan is spent. And so long as corruption rules, Kenyans will continue to be impoverished.

[@albertmatunda5387]

Poverty is caused by culture and impatient.

[@johnmanpls5577]

“Say you’re eyeing up a move to California to get into tech” *shows Rishi Sunak* 🤭😂😂😂😂😂😂😂

[@Canyouseemeanna]

I don't think he makes for a very good example of a job seeker considering he is richer than the King of the UK.

[@ru2225]

​@@Canyouseemeannahaha it isn't about his wealth, you should research him outside of politics

[@bellablack6937]

I CACKLED.

[@user-io7sh7nx7c]

I didn't understand

[@samdonohoe9796]

Following in Nick Cleggs footsteps

[@Avaricumstudios]

As Kenyan,I never thought I would see my country on this channel

[@Lawrencembugua]

Not well researched though. Could have done better.

[@HANDOLOH]

News come from anywhere in the world really what's shocking about that? You should concentrate on the issues that Kenya needs to tackle , its corrupt leadership,funds wastage etc. This are actually interesting times when the status quo is being openly challenged and put on notice as regards public funds embezzlement.

[@Elongated_Muskrat]

Damned if you do, damned if you don't.

[@HellBot-gi5si]

You have to understand Kenya and other African nations haven't been paying any of it loans. This is the first attempt to do so.

[@content_ai_]

Tim cook looking at people getting killed and injured for 3B dollars. And they say life is fair

[@MarketsDriveTheWorld]

The imf is right point, if I go to ask money to the bank I have to prove I can pay back, and I must have my finances in order, the imf is a bank not a charity organization, they can protest against the government but if you don't want to accept the imf terms don't take money from them.....

[@antonymwangi4986]

​@@HellBot-gi5si what? Kenya and 90% of African countries have never defaulted on their debt. Hatred of people shouldn't force you to be deceitful. Deceit is the tool of the devil. Truth will set you free.

[@HellBot-gi5si]

@@antonymwangi4986 What?!? you've got to be kidding me, right!!!! The Chinese are telling us that you not paying your loans. The Russians will not loan you money. The Russians have told us Americans they not going loan money to Africa.

[@pawelzybulskij3367]

The reason why it is bad for Kenya to have 70% debt/GDP ratio and it is okay for Italy to have 140% is because lenders have more confidence in developed countries and thus charging smaller interest than for developing countries

[@zack7438]

Also because unlike in Kenya, Italian politicians actually do their job, for the most part.

[@vanhuvanhuvese2738]

they also have confidence in them because they share the same lineage with those countries some of those lenders are from there to begin with. Africans also have confidence giving 2 cattle to a penniless neighbor because they also have trust that he will breed them and have his own and give back 3 cattle. These lenders charge higher interest simply because they can and nothing else and they also try to force African countries not looking for loans to get loans its all documented just a bunch of thu.gs One day africans will get real guns and simply say we will not pay those loans if you want your money get it after that it will be a restructuring of the world and those at front will be at the back and those at the back will be at the front and those people will interestingly be asked to pay interest for their loans they offered.

[@MuantanamoMobile]

@@zack7438 Italian politicians actually do their job?😂 ..they wouldn't have a debt of 140% if they did.

[@chelseafan4eva]

No, it's because a large portion of Kenya's loans are in foreign currency. They can't monetize the debt like developed countries can. People should just stop talking about debt to GDP and start discussing external debt ratios instead

[@vanhuvanhuvese2738]

@@MuantanamoMobile Italy also has a debt crisis

[@briandol7474]

The main reason for the protests is not just the over taxation... but mainly the utilisation of said taxes, this guy and his cabinet pocket almost all the cash the country collects

[@AwuorKing]

Hey, I have always trusted this channel and thought y'all did some good research before posting. As a Kenyan, I can tell there are a lot of inaccuracies even of just historical information that is readily available. So that worries about research into information that is not readily available. For example, Kenya was a one Party State only up until 1992.

[@susann8401]

Africa we are the only ones who can narrate our stories don’t trust or let anyone else do so that’s how we ended up with , His story and we all know the rest.

[@marco_1909]

People are willing to pay taxes if thats what needed to solve the debt issue. The issue is corruption, the looting, setting up unconstitutional positions. The biggest expenditure is salaries and we keep adding unconstitutional positions. We are over represented in parliament, the senate and in the county assemblies. By cutting this numbers for instance the government will save a huge percentage. But no, tax the common person.

[@enhancedutility266]

From my understanding they borrowed 2 billion Euro bond back in 2014 Kenya's GDP was 58 billion at that time when they borrowed that money The creditors are calling back that bond since it was good for 10 years since that 10-year period Kenya's GDP is at 104 billion dollars almost double yet they can't seem to find 2 billion dollars to pay the euro bond.

[@xomifred]

They stole the Eurobonds hence the problem. They borrow and steal. Then tax and steal. Then cry to IMF and blame them. The problem is corrupt politicians.

[@antonymwangi4986]

What is the basis of this conclusion? Kenya has never defaulted on the Euro bond or any debt

[@occamraiser]

it all depends on whether the money the government gets is spent on services or yachts.

[@enhancedutility266]

@@antonymwangi4986 they haven't defaulted on it but yet they're having trouble paying back the loan again their GDP has risen over to around 104 billion dollars Why are they having a tough time paying back the bond

[@thekrayzen]

@@enhancedutility266 GDP is a measurement of a country's total value of services and production; while GDP grows, it doesn't necessarily mean a country's government revenue massively increases or doubles.

[@RomanRajab]

Love this family of channels, thank you for explanation!

[@pan_salceson]

Oh, hi, I haven't seen you yet as the host here. I just wanted to say you're doing great!

[@hdaNhun]

"Anchorperson" bruh..

[@Limits1704]

Y'know anchorwoman is a word right you could also say host

[@pan_salceson]

Ummm... I just wanted to encourage a person who has just started a new job, but what do I know, I just used a non-native language and accidentally selected a logical, but wrong word to do this 🤷‍♀ Maybe it's not a person. Maybe it's not a new job. Maybe encouraging random people on the internet is a stupid idea, right?

[@soundscape26]

@@pan_salceson Anchor or host will suffice.

[@IDMarketer]

She is cute

[@purpledevilr7463]

Genuinely. Has anyone ever said they like the IMF?

[@SelfProclaimedEmperor]

The protests are mostly about the corruption in kenya

[@bonelesswatermelon420]

Idk, the Impossible Missions Force do seem to be central to the plots of all the Mission Impossible movies.

[@tomblaise]

It’s like the police. People usually only deal with them while they’re having the worst day of their life, and it’s the same with the IMF. If you’re getting an IMF loan your country is likely near economic collapse, and the IMF are going to impose further hardship because requiring the government to stop spending money it doesn’t have.

[@Nasrudith]

I suspect the true issue is less the austerity for the IMF and more that the tax implementations were all absolutely terrible. The Kenyan tax raises were largely regressive taxes and/or anti-productivity. (A heavy tax on vehicle value with no apparent exemption which taxes sports cars, limousines, working trucks, construction vehicles, and tractors the same rate.)

[@jacobjones630]

Yeah and the IMF demanded it. They are an imperialist institution.

[@randomnobody8770]

A recurring tax on a major purchase item of rapidly depreciating value with maximum mobility is the worst idea I've ever heard. Its regressive, causes innumerable perverse incentives, and practical implementation is unbeatable for corruption.

[@harveymacgyver]

First of all, great video. However, the issue Kenyans have is not with taxes, the issue is that the money raised goes into the pockets of the corrupt politicians

[@stanleystan7336]

Kenyan here: The debt isn't the biggest issue here, it is the theft. The previous regime (where the current president was the deputy) made Kenya among the first African countries to get in on the Chinese loans frenzy. These loans were heavily misused and or stolen, they would over-quote for projects, take out loans at inflated prices, do the projects at a fraction of the costs and pocket the difference. When Ruto became president in 2022, the Chinese gravy train had ended and it was all about paying them back. So they looked to the west and the IMF who come with a lot of restrictions unlike the Chinese. There is absolutely no need for the country to be taking loans, only for it to end up with them stealing and spending on fat salaries. Kenyans are now tired of the corruption cycle that has made politics a career path for the old and illiterate to come earn pensions and clean ill-gotten wealth.

[@Muzakman37]

That's why Kenyans should've been on the streets over this years ago, this hasn't just started happening, the thieving's been going on for years. Time for a wholesale clearout of this entire generation of the ruling class, they've bled Kenya dry for long enough. Force Kenyatta to sell off Brookside (and everything else) and Ruto and Musyoki to sell off their plush hotels and ranches. That'll raise a good portion to start with.

[@soundscape26]

Pink water cannons. Are they strawberry flavoured?

[@SJokes]

No but it probably smells like absolute sewer dogshit

[@malesi]

Come join us in the streets,that would answer your question.

[@radkovicbe]

They’re to mark who was at the protests so the cops can arrest them later. They’re horrible. Joking about that is not ok.

[@eldios831]

We asked for gender reveal water cannons

[@artman12]

The pink water makes people “geh”.

[@henrymainah]

Kenya doesn't have a revenue problem kenya has an expenditure problem

[@kamau6988]

As a Kenyan fan I'm glad you are talking about this

[@AmorosoGombe]

I don't know what guys are blaming the IMF for. The IMF does not force you to borrow. It's not their private money. They get it from creditor member states who expect to be repaid. They have to make sure you can repay. When you are running this big bloated wasteful state of course they will tell you raise taxes to borrow. Kenya does not need to borrow from the IMF, we need to cut down the size of the government to mission critical entities only. Privatise all parastatals on the NSE and use the money to pay down the debt. Eliminate all official extravagance. Cut taxes (for the poorest and everything they consume) to stimulate the economy from the base of the pyramid and get more revenues from economic growth. That's what we need to be doing. Not running to the IMF to borrow more money for looting & wasting.

[@dg-ov4cf]

none of the IMF's clients have the luxury of being able to print as much currency as they want. it's a global wealth redistribution mechanism

[@Muzakman37]

@@dg-ov4cf Investigate how much wealth, land, property and businesses the leaders themselves own before you start down that road of nonsense. Should they be able to hang on to and accrue that wealth considering the haircut they're expecting the poorest members of Kenyan society to take? And should they be able to hang to and accrue that wealth considering they all only got *any* of it because of their proximity to power? Or maybe that's someone else's fault too.

[@adrianteri]

>70% of all revenues are going to debt NOT 38%

[@xomifred]

Debt they stole. And even the remaining tax is being looted like crazy. Madness.

[@adrianteri]

​ @xomifred Taxes don't pay for anything(it's just trash) if you understand how a monetary/financial system works. Real thieving and what's NOT being discussed is Kenya's appropriations bill.

[@walexia]

70% are wages, not debt

[@Alicia-eh7uu]

79% is debt to gdp ratio while 38 % is interest paid on the loans annually .

[@Muzakman37]

@@walexia And how much of those wages are 'ghosts' who just happen to be from the same community of whoever's in power at the time?

[@vseme1572]

Great macro analysis.

[@upstar21t]

Those casualty numbers you mentioned are extremely shaky at best. Very wrong of you to state them so confidently. Also, the protests are due to many things, the bill was simply a watershed moment. Now Kenyans want the dictator Ruto ousted permanently.

[@Gallalad1]

I mean, we are seeing with China's what unconditional loans do. At some stage you do have to make changes to fix the core problem. I dont blame the IMF for saying "hey, you gotta get your shit together if you want a bailout"

[@CHMichael]

So now they don't get the money? That might be a good thing.

[@pkom6418]

You think IMF loans are free? What a 🤡

[@CHMichael]

@@pkom6418 how would you come to that conclusion? No savings plan - no new money. .... that savings plan would be the cost. But that's why no imf money might be a good thing because new interest payments don't help in the long run. Is that spelled out enough for you?

[@arthurlau98]

​@@pkom6418 the easy solution is do not look for hand out. Do not like it, go away.

[@lifeisacoustics]

Actually we have more money without IMF ​@@CHMichael

[@Khaoki]

@@pkom6418 No. They typically come with strings attached, namely that the country receiving them need to institute Western preferred/friendly economic reforms.

[@santamariamarvy]

Well? How do you plan to pay for your loan if you won't change your policies that brought you to that bankrupted state in the first place? So you only want the money but don't want to change your ways and payback?

[@victortoba-ogunleye4056]

They do not understand.

[@WhichDoctor1]

if the government collapses then no money gets paid back. It’s like the bank demanding you sell your car to help pay off part of your mortgage. But then without a car you lose your job and go bankrupt

[@MagicNash89]

The way they change them hurt the man in the street more than those in the cabinet, or rich, but then again yes it has to be changed. It's an an age-old problem.

[@chinguunerdenebadrakh7022]

​@@MagicNash89then blame the politicians who proposed the law, not IMF. IMF merely wants increased taxes and reduced spending, how is not as important in their eyes. If the country chooses to tax their poor to raise revenue, that's their choice, but it's not like IMF's gonna refuse to lend if the country raises tax on the rich instead. IMF's leader has previously called on Pakistan to raise taxes on the richer parts of society, so that tracks.

[@meru91DMN]

@@chinguunerdenebadrakh7022 The title of the video is misleading. The protests are against the government, not the IMF! People are protesting how their government raises and spends money

[@FireEverLiving]

It's not the IMF's fault that your budget needs to be fixed. Where were these protesters when the government was recklessly *spending* money? These sorts of requirements are common in business loans a well, like a requirement that your debt-to-revenue ratio not get too high.

[@TealBeal11]

Kenya's government is laughably corrupt. I'm sure most Kenyans weren't benefiting from what the government was doing with the money

[@theeliteofelites9195]

WOW!!!!! Nice , thank you! how you researched that , it's a nice presentation

[@ahmedalsadik]

There's a bit of leftist bias you're showing here. You bash creditors as "greedy" but not the country taking the loans in no condition to pay them back as greedy. The fact that it's happening to a poor black country should not distract you from the fact that if you get to this point it is because of mistaken local policies, enforced by locally elected politicians, not rapacious Western interests. They need to do better, not be placated as victims. That's real help, for all those millions of people.

[@Antiwhippy]

This is ignoring how Kenya and how a lot of African nations got poor in the first place which is when Western nations came in to exploit their resources through colonisation.

[@owenlindkvist5355]

@@AntiwhippyNot a history student, I see.

[@douglastakle8242]

@@Antiwhippyit’s not like Kenya is missing resources, quite the opposite, and Kenya was more developed after colonisation than it would have been had it remained isolated. After 80 years, how long can people keep blaming Europe? The most successful mainland african country (Botswana) kept British govornment and administration for a while post independence which allowed it to develop much faster than its neighbours.

[@ShubhamMishrabro]

​Kenya being poor isn't a problem. Kenya spending even when they don't have money is problem. This applies everywhere like Argentina. Not some colonialism thing​@@Antiwhippy

[@Graatand]

⁠​⁠@@Antiwhippy Attributing (negative) agency only to Western former colonizers and framing all negative developments by formerly colonized states as a reaction is patronizing and doing them a disservice.

[@Joewainaina]

Generally a comprehensive & accurate account of events in Kenya. However, the Internet has NEVER been shut down during the course of the protest.

[@ValentineL806]

Internet traffic was severely throttled though...Sucked!

[@jim83213]

Who wrote this? Please bring your standards back up. This is a low quality piece, i can't recommend anyone watch it.

[@floodgates-k2g]

IMF should recoup the loan from these corrupt state leaders by pursuing their offshore accounts as well as primitively accumulated wealth back home. IMF should exempt innocent citizens from accountability for loans not spent on them.

[@kevinbarry71]

I think you are confusing a budget deficit with debt to GDP ratio

[@alexwahome7631]

The issue is not the debt. Kenya is capable of paying its loans but the problem is that the management of Kenya is colony based and until this is broken Kenya will remain poor. The colony based rule in Kenya is directly controlled by some western countries who prefer the corrupt because they are easy to control.

[@mugithti]

The IMF is only bothered with raising revenue and are hardly bothered with expenditure, the situation you see is a reaction to several years of fiscal indiscipline from government, this particular government is pushing a false narrative that increased taxes will go to debt service but there's no evidence of the same and borrowing continues unabated.

[@jeckjeck3119]

That is not IMF problem. That is the people's and the government's problem.

[@mugithti]

@jeckjeck3119 IMF are the ones coming up with proposals , they even posted stuff to our finance ministry. They are the ones pushing these proposals and have even asked the government to push them through despite protests

[@Inzira155]

​@@jeckjeck3119 Yes exactly hence the protests.Do you think the rage is directed more to the IMF or to Govenment?

[@jeckjeck3119]

@@Inzira155 I think there is some rage directed at IMF, either out of misinformation, or blame by accociation.

[@Inzira155]

@@jeckjeck3119 Blame by association mostly.

[@RutoMustGoNow]

Gov have always raised taxes it's nothing new. To me what matters is the ESG and Social Credit Score system introduced as a new Eco Levy and the unconstitutionally proposed land policy proposing ownership levy.

[@ezelleze6264]

IMF is the main reason third world countries are struggling to fix their economy, Egypt for instance followed every demand from the IMF and yet almost two thirds of the egyptian goverment budget is just to pay off loans. pushing the government to take more loans to pay old ones instead of restructuring said loans. the IMF trap has plagued the world since the 50s and to this day.

[@zack7438]

Not really, it is greed and corruption and in Kenya's case, tribalism that led to this. In 1963, both Kenya and Singapore gained their Independence from Britain. Back then, Kenya was considered to be more developed than Singapore. Today, Singapore is a first world country despite having no natural resources. All because they had selfless leaders.

[@georgengaah7860]

We aren't protesting against the IMF per se as we are wasteful government expenditure, corruption, cronyism, and high cost of living

[@mainakamau3807]

I am kenyan born and bred and still living in my motherland. This video does try to summarise the situation but it doesn't address the fact that most of our debt ( which is expensive debt especiallyfrom the west) was forced on us by corrupt regimes who maintained their hold on power by instigating tribalism... this new generation Gen Z and millennials are well educated and don't buy into tribal politics. For the first time ( since independence) we are and will continue to hold the leadership accountable NO MATTER WHAT!! WE ARE KENYANS ONE NATION ONE TRIBE

[@tomstarwalker]

This sounds good because only ten years ago tribes were still popular culture, although on the decline.

[@Thatonepersonyouheard]

I wish there was an hour long TLDR video ❤

[@sesay3168]

How does it make sense to raise 2.7B to balance the budget just to take another IMF loan to fund lavish lifestyle of politicians ?? On top of that the subsidies are not coming back!! He’s doing too much and needs to go

[@NdjayOne]

The only investments should be for infrastructure. The IMF pretends not to know what it is doing. watch the confession of an economic hitman!!!!

[@Avaricumstudios]

The problem wasn't taxes per se it was government spending The president recently chartered a flight for 2 mn usd for his state visit to the US, on the day he left ,Iceland's president arrived in Malawi onboard the Kenya Airways, the Kenya national carrier, clearly it is upto standards and add that to the fact that even neighbouring countries presidents use their national carrier for state visits not hiring private jets. And this is just a tip of the iceberg, the amount of reckless spending in the government is out of control

[@jeckjeck3119]

2 million for a flight to US? I mean, is that a security thing, or just a luxury thing?

[@Avaricumstudios]

@jeckjeck3119 luxury thing, the 2 million usd was just the cost of hiring the plane

[@jeckjeck3119]

@@Avaricumstudios Jesus. I see why people are upset.

[@rajahua6268]

Always blames the one that lines your pockets!

[@alexwahome7631]

There also over $7 borrowed that the government can’t account for and all Kenyan citizens are paying for money that has not been used in the development of the country. There’s the underlying issue of corruption and nothing will change with the current president, parliament and must have accountability.

[@nurshatkalimullin5190]

If you don't want to implement IMF requirements then do not take loans from them. To take loans you have to be financially stable.

[@vanhuvanhuvese2738]

please note there is a lot of corruption IMF pay politicians of even countries with surplus finances to accept loans that is all documented they are just as dirty as any politican you can think of ansd they are tjhe bioggest problem

[@kenwood2682]

They mismanagement of taxes leads to borrowing loans from IMF

[@ukweli1786]

If the IMF requires a balanced budget then why would it not recommend austerity measures also on the presidency & legislature. Kenya has the highest paid members of parliament compared to the average wage . The finance bill the IMF introduced aimed to give them even higher budgets and salaries in spite widespread corruption. Why would the loan not come with a condition on reducing corruption , more audits to make sure the money is spent well? IMF have never been effective not a single case study of a success case , just more debt and privatization.

[@pintiliecatalin]

What the IMF does is give recommendations. If the government emplements them then loan goes forward. But ultimately the IMF still relies on the government of said country to get it's info regarding the finances. It seems to me like you are in practice arguing that the IMF take control of Kenya's government. There are many cases where countries where in fact helped by IMF loans.

[@ukweli1786]

@@pintiliecatalin only imperialists defend the IMF , have a good day imperialist.

[@Muzakman37]

'The IMF demands that the Turkeys vote to continue with Xmas' Get real.

[@ukweli1786]

@@Muzakman37 it's colonialism with extra steps

[@Muzakman37]

@@ukweli1786 No it's not. Colonialism isn't a choice for the colonised. Not one soul is forcing Kenya to knock on the IMF's door with its hand out, Kenya can either pay market rates of borrowing or it can go bankrupt if it wants to, or enforce austerity at home, there are numerous things Kenya *can* choose to do. It's *chosen* to go to the IMF.

[@Zack-fu4lo]

just give land to china in exchange of a loan. imf loans are really more suited for countres with oky to good infrastructure already in place

[@BillYoseph]

They are trying to do the same to Ethiopia

[@nairobi_girl5808]

Corruption?

[@maxriley1769]

No country is forced to borrow money from the IMF. Kenya chose to. They chose to because it allowed them cheaper capital than the private debt markets would have offered to them. Invariably, IMF advice to developing countries is just economic common sense.

[@moo4k666]

The title is misleading

[@Pan_AfricanViewpoint]

Yaaaaaaaaaaaaaaaaaaaaaaaawn!

[@vincemukiiri6769]

5:43 You left out the most important social platform used to organise the protests, X/twitter

[@eastafrika728]

The problem is not the finance bill, it is the system of democracy, which does not focus on investing in our own people, instead it exploits. How can you have a finance bill without a budget that considers all the citizens? Finance is for self sufficiency, not for foreign gain.

[@ngongahbilly9434]

You have not analysed corruption, incompetence, mismanagement and their effects on the general poverty in Kenya. The reality here is that with better management Kenya would NOT BE NEEDING ANY LOANS FROM ANYONE.

[@tealsquare]

Meanwhile, Tanzania is quietly going about it's stuff, capturing Kenya's business with Uganda. Wake up Kenya 🤦🏾‍♂️

[@rogerwilco2]

5:06 I don't think those are the "sanetary towels" mentioned. I really don't understand how TLDR keeps making basic mistakes that can be avoided by a 10 second internet search.

[@drattler1946]

What about the 6Bil owed to China Hello Why is that debt not part of this story ??

[@Muzakman37]

Exactly.

[@adrianteri]

Lol which country has the IMF stabilized?

[@kealeradecal6091]

Its a loan with conditions, if you don't want that shark loan china can get your lands instead with chinese only sign

[@jogo798]

​@@kealeradecal6091 conditions being squeezing common people out of money or opening economy up for western corporate exploitation to payback or get new loans which is pretty much what a loan shark does.

[@MarketsDriveTheWorld]

Lol why do you think the imf is y mom? It's a bank, it's not their responsibility to stabilize your country..... Their responsibility is to make sure they get their money back.... If you waste it it's your fault.

[@MarketsDriveTheWorld]

​@@jogo798how about not asking for money then? Guy you pay high interest exactly because no one trust you..... Germany doesn't becouse everyone knows they pay their debts back and understand how lending money works.....

[@adrianteri]

@kealeradecal6091 As a lender is repayment really your goal when conditionalities placed ahem nooses around your lendees are such that it's NOT possible for them to repay? Kenyan's are learning and the next stop will be the unfair so called FREE TRADE agreements where heavyweights are pitted against featherweights and it's called a fair match.

[@AmericanwrCymraeg]

It's been interesting to hear over the last decade or so the increasing tendency, even among educated British, to replace the soft th sound with an f, so "free" instead of "three," for example. It seems like the shift is becoming more widespread and I'm wondering if it'll become standard.

[@ingislakur]

If you don´t like IMF,,,whats the alternetive? Nobody else gonna lend Kenya lol.

[@Sssidk]

or we actually don't want to keep getting lent and instead we're protesting because the people in authority keep looting the money

[@Sssidk]

and we're also protesting because we want the government to cut on their unnecessary spending

[@ingislakur]

@@Sssidk goood, that actually makes sense🙏

[@LCTesla]

Wouldn't we all protest our repo-man

[@spektrumB]

Most of the debt Kenya has to pay back this year is from China, not IMF.

[@me24680]

What are you talking about 😂

[@victortoba-ogunleye4056]

not true , Yes Kenya has a lot of debt to China but it is more indebted to the IMF(essentially the USA)

[@jogo798]

I don't know whether you are maliciously spreading disinformation or just plain ignorant.

[@w87g8765]

@@me24680 he is talking what he is talking about. China owns most of debts of Kenya.

[@spektrumB]

@me24680 Kenya borrows money from not only IMF, but from China as well. Most of the matured loan this year and next is from China. The loans between China and Kenya aren't so transparent like those from IMF. Kenya owes China US$ 5.98 billion, while owes IMF US$ 4.4 billion. It's easy to blame IMF, the boogeyman, and forget there are other parties as well.

[@ngisian]

IMF Pushed for policies (Austerity conditions) that complicated the Kenyan debt .... Neo colonialism.

[@Junior7864-l5q]

We need more than this in Ghana and Nigeria our taxes are increasing everyday

[@mashelauma5027]

Actually multiparty politics happened in 1992. Also always remember that the sole reason why Africans are still struggling with democracy is colonization and now neo-colonization.

[@SebastianMalthe]

When you vote thieves, what were they expecting. Its just stupid destroying property and taking life.

[@jerekyox]

We are not protesting the IMF. The IMF did not introduce the finance bill to parliament, or vote on it. And we do not deny that we have a debt problem. We protest that no significant moves to reduce government spending have been made. This is a pretty good piece. But it needs more research.

[@AdeyinkaAdemofe]

Africans accept responsibilities do not shift your problems to the west or imf

[@richardndungu2815]

Why is it you have not talked about corruption,, when loans are taken the money is stolen, that should have been the highlight

[@kenkibet7920]

30+ dead 40 missing as of yesterday's News

[@quasinfinity]

Pendant warning, TLDR got a country's name wrong. The Ivory Coast is the Western shoreline of the African continent. There is no country called Ivory Coast; there was 40 years ago, but they changed their name to Côte d'Ivoire in all languages in 1986. Calling Côte d'Ivoire "the Ivory Coast" is like calling Myanmar "Burma" or the Russian Federation "the Soviet Union." Worse (imho), since those renames happened after Côte d'Ivoire's

[@moeawale4891]

A white man's word translated from english version to its french version both coined by the European colonialists ? Does that make any difference? Where is the original native one? There must be one.

[@mabeSc]

Good for them, giving in and bending over backwards to banks and lenders is never a good idea. Their debt is not even that high (albeit it has higher interest) and is fairly manageable (+ the economic growth is going to take care of it anyways).

[@julianandygumbsVI]

Absolutely Pathetic, how do you justify paying 38% of All revenues to external debt holder's and you haven't seen one product from the IMF and World Bank. Ruto was dumb, Ethiopia and AES and reducing their Western debt exposure, but Ruto is running to more debt, like an idiot. What's the reason they need this debt for, you ask? To aquire USD so that, because the US is unwilling to perform as the Global Reserve Currency should. It should create an atmosphere where the US imports enough goods to assure a good quality of life, across the Globe.

[@aaronjones8905]

These young democracies suffer because the politicians argue that if they have power the government will for you, and their opponents say the exact same thing. What they need is a politician who says he'll get the government out of your life. Stop spending money you don't have. Stop taxing everyone to death. Shrink the government, and apply a flat and equal tax.

[@josephinesosingot-raisanen6743]

the protest didnt quickly turn violent

[@victorrono7841]

Kenya is NOT the problem. We see through your bullshit.

[@thewestisthebest6608]

Don’t know what the IMF is but in my experience three letter acronyms are rarely a good thing

[@hamlet557]

It means you are in such a mess that no one else wants to help you. The rest are populist BS.

[@KL-un8sf]

This is not meant to offend anyone but the lisp of the presenter was somewhat distracting especially when it’s mainly a talking video, I’m sure she is great at her job just maybe not on the presenters chair? Just because it’s a news channel yk?

[@rodmarker2071]

👍

[@kernj6454]

What do they mean by annual tax on cars?????????????

[@colloh6913]

It's a 2.5% tax on the value of your car.....to be pegged to your car insurance payments.

[@kernj6454]

@@colloh6913 HAA HE FOCKING MAD

[@m4m630]

Nadja Lovadinov. (b. 24 Feb 2001) Went to Chelsea Academy.

[@kuriamoses3043]

Suppose Kenya is unable to pay its bilateral lenders- what is the worst which can happen? Nothing! Nothing at all. No one can kill you for defaulting on loans. Zambia, Ethiopia and Ghana have defaulted yet are still breathing.

[@carenadhiambo]

TODAY IS OUR TURN TO FEATURE HERE

[@nickmwihia441]

#RutoMustGo

[@notapplicable4567]

I think imf loans should be considered a last ditch efforts. Too many countries take them out at i want that now type of loans.

[@Muzakman37]

If a country's knocking on the IMF's door, it's a tacit admission that country's already deeply in the sht. They're pretty much last resort lenders cos you'll get cheap money but the terms are steep.

[@denismachuma8467]

You need to research more before making your news public. Good analysis /comparison though.

[@janekmazur5985]

"Why young Keynsians are protestin IMF." Yeah, that makes sense, but do we have young keynsians? Poor Keynians (and Keynsians), there is populist trap, when 1 govertment is corrupted and making country ruin, the next one is trying to do something about it, and takes the blame. Damm circle. However, perfect budget balance is overkill, especially in country like Kenya where there is still a lot space to grow. So Keynia could have some deficit like 3% and they should be fine, so IMF got overzelous. That bread Tax is next level.

[@Tajirnews]

Kenyan beein loaning money since 1980 and cant pay it back. Kenya dont have natural resources to keep it up with paying interest let alone debt. Kenyan being loaning to pay another debt n salary of government officiell and funding institutionen. Such school etc. Raise taxes wont help maybe declare bankruptsy start it over.

[@mwitalemi]

I'm trying to understand something. The US raises its debt sealing all the time, who are they borrowing money from that doesn't require them to balance their budget?

[@moeawale4891]

Apparently, what is good for the goose isn't necessarily good for the gender.

[@Kartun_Jack100]

The IMF might be compromised as per say

[@pauldavid7562]

Incorrect percentages

[@commonwombat-h6r]

Another country ruined by Austerity, watch live

[@evansobare5991]

You forgot to mention the cruelty and numbers of people Killed by Ruto

[@gideonmele1556]

A snag in the EAF

[@agbarugo]

But austerity works so well! Just ask Greece

[@Muzakman37]

10 years of pain but now the leanest, fastest growing economy in the EU. You should get up to date.

[@sintoderrick6277]

The IMF keeps giving Kenya loans but the money never gets to the designated projects and purposes. The president and his cronies pocket it all. Then Kenyans are left paying for debts they never approved or even benefitted from.

[@kariukidennis1542]

Who did the research for this, its so poor with so many mistakes. Firstly Kenya has being a multi-party state since atleast 1991, Ruto wasn't Odinga's deputy in 2002, the last KANU elected official was in 2022 and KANU isn't a party based on any Ideology so many people join and leave to form their own party. Kenya being a multiparty state and all. Plus both Odinga and Ruto had manifestos in 2022 which they campaign on, so you can't say the election was based purely on personality. The problem was created by Ruto because he stated looking west and not east. The west being diabolical this was bound to happen. Looks like IMF ruin of terror in the global south continues.

[@nashkinmurugu884]

Correction: multi-partism was allowed after 1992 not 2002. President Moi maintainer power through outright vite theft until 2002. The person who won, president Kibaki, was once President Moi's vice president. Kenyan politics are weird. It is also slightly disingenuous to say KANU still holds sway.... Its last hay day was in 2002... The have since as a party never come close to any sort of power on a national level since. Last disingenuous part is saying the people have issue with austerity. The people want austerity at all levels which means no more unconstitutional offices (prime minster and spousal offices), no more corruption ( country loses over $5b to corruption every year and theres a bill that passed the senate that legalised government officials corruption), no more flaunting your ill gotten wealth ( parliamentarians dressing like actual billionaires). What they dont want is teachers, doctors, nurses et al not to be paid.

[@georgemurphy5666]

Big fan of using minecraft porkchops and coal to show food and energy