In 2023, President William Ruto offered Kenyans a generous serving of shock therapy through a raft of far-reaching tax measures, largely driven by a programme the country has with the International Monetary Fund (IMF).
The upside of these painful tax measures, President Ruto said in his Jamhuri Day speech, was that the country was able to avert a catastrophic financial crisis that has befallen countries like Ghana, Zambia and Ethiopia.
