Overview

• Proposed 16% VAT on bread and higher levies on mobile money services have been scrapped.
• More than 200 protesters were arrested during clashes with police in Nairobi.
• Protests were largely organized by Gen Z activists using social media platforms like TikTok.
• The Finance Bill 2024 still faces opposition, with calls for its complete withdrawal.
• The government aims to reduce reliance on external borrowing by increasing domestic revenue.