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Kenya’s path to fiscal stability after rating downgrade on Gen Z protests
A police officer removes a stone protesters had used to barricade a road in Nairobi CBD on June 27, 2024, in demonstrations over police killings of youth protesting against the Finance Bill 2024.
The recent downgrade of Kenya’s credit rating by Moody’s from B3 (Highly Speculative) to Caa1 (Substantial Risk) signals a critical juncture for fiscal and economic policies.
This development, triggered by Gen Z protests and concerns over the Finance Bill 2024, underscores the delicate balance between government revenue needs and citizens’ willingness to contribute.
