IPFS News Link • Africa: On the Map
Kenya Protesters Storm Parliament, Police Fire Live Rounds, After Lawmakers Unleash Eco-Austerity
• Zero HedgeThe Kenyan capital of Nairobi has descended into violence and mayhem as large street protests by Kenyans outraged at new tax policies and a harsh 'Eco-Austerity' program imposed by the government have resulted in the parliament building being set on fire.
Legislators are evacuating after the anti-tax protesters initially breached parliament. They quickly overwhelmed police soon after the lawmakers voted to pass a bill which introduces new nationwide taxes, including an eco-levy which raises the price of basic goods such as diapers, as part of efforts to curb waste management and be more environmentally friendly.
The new taxes were tucked away in Kenya's Finance Bill 2024, and directly impacts imports, prices, and sales of diapers, batteries/dry cells, smartphones, earphones, clocks, radios, TV sets, cameras... staplers, printers, calculators, photocopying machines, keyboards, mice, projectors and LCD monitors.
FLASH: The Kenyan parliament has just ERUPTED IN FLAMES as protests against the $2.7 BILLION TAX HIKE turn violent.
— Steve Hanke (@steve_hanke) June 25, 2024
The hikes were spurred by Kenya's latest IMF DEAL.
As Harvard Prof. Robert Barro puts it, "THE IMF DOESN'T PUT OUT FIRES, IT STARTS THEM."pic.twitter.com/xyMcAucfNg