Why Young Kenyans are Protesting the IMF

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4 күн бұрын

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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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1 - www.telegraph.co.uk/world-new...
2 - / 1
3 - www.bbc.co.uk/news/world-afri...
4 - www.economist.com/middle-east...
5 - tradingeconomics.com/kenya/go...
6 - tradingeconomics.com/country-...
7 - tradingeconomics.com/country-...
8 - www.ft.com/content/1c6782fd-b...
9 - / 1
10 - kenyanwallstreet.com/why-is-t...
11 - www.bbc.co.uk/news/articles/c...
12 - / 1805598808035774970
13 - www.ft.com/content/eadf0d8a-7...

Пікірлер: 761

@mono_phthalamus 2 күн бұрын

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 2 күн бұрын

sounds like Canada

@khlaps 2 күн бұрын

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

@zerotwo_.002 2 күн бұрын

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

@tiefblau2780 2 күн бұрын

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

@alexandru5369 2 күн бұрын

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

@sammjimson7395 2 күн бұрын

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 9 сағат бұрын

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..

@arnoldmbuthia2687 2 күн бұрын

it should not go unmentioned that Ruto spent $1.5m on a private jet to the USA, while his daughter drives a 2024 model Bentley Bentayga, in the face of 'austerity'.

@arthurlau98 2 күн бұрын

And also who voted him in power. 😂 Play stupid games, win stupid price.

@Nostalgicwhispers231 2 күн бұрын

@@arthurlau98 he won by 200K votes ,most young people didn't vote and that's why they felt like it was their fault for letting such a corrupt coalition get power and are trying to make things right

@nmp047 2 күн бұрын

@@arthurlau98 just to clarify, go look for his videos during campaign period. Kenyans have realised that he was a pretender and a big liar as well as very very very greedy and selfish

@ianm8218 2 күн бұрын

@@arthurlau98ruto has completely done a 180 from his campaign promises.

@user-ys2fe2is4k 2 күн бұрын

@@arthurlau98he never won, he was rigged in by the US. Maybe they knew he was the perfect puppet as he had a case at ICC, eliminated witnesses, very corrupt etc

@mshstudio2148 2 күн бұрын

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 8 сағат бұрын

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

@josephgithinji1490 2 күн бұрын

As a Kenyan, the bill is not the whole story. We are also protesting against the large scale looting by Ruto and his cronies. People are dying in underfunded hospitals and every sector in the economy is getting plundered. Meanwhile, Ruto and his cronies buy luxury watches and cars worth tens of thousands of dollars and diverting public money to their offshore accounts. He has made unconstitutional offices and put his friends to loot Kenyans. It is estimated that more than 40% of public funds are stolen. Without theft, the country's finances would be fixed very quickly. Kenyans are also angry that the army was mobilized unconstitutionally against unarmed Kenyans. The police opened fired and have killed tens and injured hundreds including children and women. A mother closing her vegetable stall for the day was shot and killed. She was not even protesting. Stand with Kenya!

@Muzakman37 Күн бұрын

Ruto and his cronies' looting is different from Uhuru's and Kibaki's and their cronies' before him how? And Moi's before that?

@BrianA-vw2xk Күн бұрын

Well put

@wiredvibe1678 18 сағат бұрын

@Muzakman37 no, but our parents were not strong enough to stand up to them.

@vanhuvanhuvese2738 7 сағат бұрын

@@Muzakman37 They where not sending money outside they where not blood thirsty killing people they where buying and creating business in Kenya and these new thieves unfortunately they have met a new generation that says no. They will be removed

@thekrayzen 2 күн бұрын

I'm a Kenyan(edit: I am in the diaspora. I don't live in the country anymore). This video is true, but there are some innacuracies. Thank you for the video though for shining a light on the video Firstly, the subsidies were implemented months before the election in August of 2022 by Uhuru. Secondly, a lot of these loans come from Uhuru, such as the one by the IMF and even the Eurobond. Odinga has only been in 4 parties, and has stayed in ODM for 20 years. A lot of parties have stayed together. People are not joining parties now, but they are joining coalitions. Kenyans are also aware of the situation our government has put us in. We just want to know where the government is putting the money. There's a lot of corruption, and there is a lot of money spent on renovating houses, increasing mp salaries and a general misuse of public funds as well as creating unconstitutional offices. That's one of the reasons a lot of people are protesting. Thank you for the video. EDIT: Slight clarification. People are joining parties who then join coalitions, so switching parties is a thing now, but parties are not the end all, such as in the days of KANU. It's coalitions now. This has been the case since Kibaki became President. Also, when I say Kenyans are aware of the situation, we are saying a lot of us, if we trusted the government, would support some of these taxes. But we know this government is very corrupt, and the taxes are also going to make this situation very worse. Furthermore, I am in the diaspora, so I just want to mention that. I don't live in the country.

@The_ParTom 2 күн бұрын

yay very true, we are about to collapse from this day

@tiefblau2780 2 күн бұрын

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

@ramogi9730 2 күн бұрын

I'm kenyan and live here in Nairobi, Ruaka. You are honestly right. The taxes have failed to earn anybody's validation cause we know just what will happen to the money it raises anyways. That plus on multiple instances the MPs don't even fucking bother to hide their corruption and greed. They hide behind the President and now that they are being confronted they find it easier to belittle and demonise the protesting youth than defend the stupid bill. The deaths pushed the boiling point beyond measure and now the youth are demanding they all resign and fuck off.

@randomhumanofearth7267 2 күн бұрын

so are like politics in kenya based on ethnic lines as they mentioned in video

@bookaltd 2 күн бұрын

@@randomhumanofearth7267 to some extent, yes. Parties generally are majority "owned" by different ethnic groups. These parties the form coalitions so that they can win elections either under a coalition or by merging parties together. This ends up pitting a grouping of ethnicities against others. The protests this time have brought together yound people who do not align with ethnic politics which is a first. This is a threat to traditional politics in the country where most are used to ethnic kingpin politics. I look forward to 2027 to see if the youth will still maintain this united front.

@johnmanpls5577 2 күн бұрын

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

@Canyouseemeanna 2 күн бұрын

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 2 күн бұрын

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

@bellablack6937 Күн бұрын

I CACKLED.

@user-io7sh7nx7c 15 сағат бұрын

I didn't understand

@purpledevilr7463 2 күн бұрын

Genuinely. Has anyone ever said they like the IMF?

@SelfProclaimedEmperor 18 сағат бұрын

The protests are mostly about the corruption in kenya

@bonelesswatermelon420 17 сағат бұрын

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

@Elongated_Muskrat 2 күн бұрын

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

@HellBot-gi5si 2 күн бұрын

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_ 2 күн бұрын

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

@Mark-gd2ti 2 күн бұрын

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 2 күн бұрын

@@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 2 күн бұрын

@@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.

@rejectfinancebill-z2o 2 күн бұрын

corruption and wastage is the main issue, Kenyans would pay the tax without any issue if they saw where the money was going. For example, Ruto has an office of the spouse and other made up posts which are unconstitutional, then he has the audacity to tell us to tighten our belts..

@joshuaashmore1806 2 күн бұрын

also Ruto owns 0.5% of the national wealth

@user-un8tv1pp8m 2 күн бұрын

To be fair, that much is true for nearly every country. I recently heard the finance minister of my own nation - who had been working for blackrock and self-identifies as "upper middle class" with three villas, five registered finance firms and and two private planes to his name - tell the unempoyed youth of the country they are lazy and workshy, and that he plans to cut unemployment assistance to force them to work. Dude has never done anything but take other peoples money on market-walkies in his whole life.

@lilachie 2 күн бұрын

And one for the deputies wife and one for his daughter 😂

@azaanhussain1724 23 сағат бұрын

@@user-un8tv1pp8mwhich country

@TheRedKibet 14 сағат бұрын

@@lilachieAnd office of the wife of the prime cabinet secretary 😂

@briandol7474 Күн бұрын

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

@peaceofficer01 2 күн бұрын

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.

@Avaricumstudios 2 күн бұрын

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

@pawelzybulskij3367 2 күн бұрын

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 Күн бұрын

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

@vanhuvanhuvese2738 7 сағат бұрын

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 38 минут бұрын

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

@danielmwendwa791 2 күн бұрын

TLDR Africa soon? There's just so much news to learn from the continent

@griegomas 2 күн бұрын

Optics would be bad. Based on their current output regarding Africa, it would be non-stop negative stories.

@sinoroman 2 күн бұрын

Africa is not Global confirmed

@jeckjeck3119 2 күн бұрын

@@griegomas And it will be hard to get accurate data.

@vanhuvanhuvese2738 7 сағат бұрын

make your own channel and tell the news this is the reason a lot of africans dont have jobs create the jobs for your people waiting for an outsider

@louisjefferies2733 2 күн бұрын

2:39 love the usage of minecraft food and coal

@cheesebiscuits6323 2 күн бұрын

TLDR does serious journalism Except when they feel like being silly, and I love that

@blafonovision4342 2 күн бұрын

The IMF/WB need to be shut down.

@JanBruunAndersen 2 күн бұрын

Applying for loans from the IMF/WB is like having anal sex. If you don't like it, don't do it, but don't the rest of the world what to do.

@Lewa500 2 күн бұрын

Why? They haven't done anything wrong. Nobody's forcing these countries to take out loans.

@blafonovision4342 2 күн бұрын

@@Lewa500 The IMF/WB gives out predatory loans to countries that can’t pay them back. They are tools of American imperialism, and should be shut down.

@good8072 2 күн бұрын

Austerity is necessary in this instance IMO

@blafonovision4342 2 күн бұрын

@@good8072 that may be. But the IMF/WB has no business imposing it.

@AwuorKing 2 күн бұрын

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 Күн бұрын

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.

@essiebx 2 күн бұрын

but youre not addressing the fact that the proposed bill was in favor of the government officials pockets rather than what you guys are talking about "repaying debts"

@GoldSkye 3 сағат бұрын

The question should be why aren’t the whole world protesting the IMF

@RomanRajab 2 күн бұрын

Love this family of channels, thank you for explanation!

@enhancedutility266 2 күн бұрын

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 2 күн бұрын

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 2 күн бұрын

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

@occamraiser 2 күн бұрын

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

@enhancedutility266 2 күн бұрын

@@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 2 күн бұрын

@@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.

@suiabouceesay3168 2 күн бұрын

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 Күн бұрын

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

@Nasrudith 2 күн бұрын

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 2 күн бұрын

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

@randomnobody8770 2 күн бұрын

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.

@user-om8nk2im3l 19 сағат бұрын

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

@winstonwacieni7947 13 сағат бұрын

Kenyan Here: The main trigger was the careless spending and waste of public resources, a few months before the protests close allies of Ruto's openly flaunted millions in cash on social media.

@soundscape26 2 күн бұрын

Pink water cannons. Are they strawberry flavoured?

@SJokes 2 күн бұрын

No but it probably smells like absolute sewer dogshit

@malesi 2 күн бұрын

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

@radkovicbe 2 күн бұрын

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 2 күн бұрын

We asked for gender reveal water cannons

@artman12 2 күн бұрын

The pink water makes people “geh”.

@PHX787 2 күн бұрын

My Kenyan buddy was saying he wanted the Chinese investment out too

@Muzakman37 Күн бұрын

Don't matter if the Chinese come back and rip out the entire SGR and all the bypasses they built in Nairobi, they'll still want paying for services rendered, and will charge for having to come back too. Not to mention issues with broken contracts signed with endless small print. None of this ends cheaply for Kenya.

@wmk4454 Күн бұрын

Why? Isn't China the anti neocolonialism faction that can help you against IMF or something?

@LuisRomeroLopez 7 сағат бұрын

Don't fall for the vehicle ownership tax. We (here in México) got that tax as a temporary meassure... in 1968. Once a tax is created it never goes away.

@pan_salceson 2 күн бұрын

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

@hdaNhun 2 күн бұрын

"Anchorperson" bruh..

@Limits1704 2 күн бұрын

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

@pan_salceson 2 күн бұрын

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 2 күн бұрын

@@pan_salceson Anchor or host will suffice.

@IDMarketer 2 күн бұрын

She is cute

@adrianteri 2 күн бұрын

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

@xomifred 2 күн бұрын

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

@adrianteri 2 күн бұрын

@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 2 күн бұрын

70% are wages, not debt

@Alicia-eh7uu 2 күн бұрын

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

@Muzakman37 Күн бұрын

@@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?

@Joewainaina 6 сағат бұрын

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

@evansnjuguna8315 19 сағат бұрын

I’ve been waiting for this video you know. As a Kenyan🇰🇪 who watches you frequently(daily) i wanted to see you speak on it and amplify our story❤

@stanleystan7336 Күн бұрын

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 Күн бұрын

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.

@marco_1909 Күн бұрын

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.

@JaysenTC 2 күн бұрын

Huge improvement in reducing you head bopping in delivery, not distracting at all anymore !

@nurshatkalimullin5190 Күн бұрын

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 7 сағат бұрын

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

@bzuidgeest 2 күн бұрын

Let them go bankrupt, it may be painful, but at least that way it's their own choice, not something that is perceived to be pushed by outsiders like the IMF. Then they can blame themselves and their leaders. Like they say in adverts, borrowing ain't free.

@vikik7877 14 сағат бұрын

Exactly. Please tell IMF this. Just leave us alone

@bzuidgeest 8 сағат бұрын

@@vikik7877 the IMF would very much leave you alone, if you leaders didn't ask for money. The IMF only comes when asked. So get better leaders.

@georgengaah7860 2 күн бұрын

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

@zack7438 Күн бұрын

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.

@stephenwaire9309 Күн бұрын

well put, thanks

@ycplum7062 2 күн бұрын

No country, to include Kenya, has a RIGHT to IMF money. IMF is free to make the conditions to the loans and Kenya is free to accept or reject the loans. Furthermore, IMF simply require that a country balance their budget. They do not state how it is to be done. That is up to the borrowing government. Frankly, teh problems are usually with the local politicians and corruption, not the IMF. They simply make a convenient scapegoat.

@NdjayOne Күн бұрын

This is an absolute lie and the reason why the Africans will have to fight for their lands/economies. The IMF did launch a campaign to privatize economies against loans (additional) in many countries of the continent in the 90. What the population did not know, and which these politicians probably did not know for certain, is that the development of sectors of activity begins firstly through public investment, see Asia for example. The premature opening of markets and privatizations have ruined their hopes of development. It killed everything before it even started. There are plenty of examples which show that the IMF is in league with foreign powers to put countries in debt and control their resources: Confession of an economic hitman!

@SelfProclaimedEmperor 18 сағат бұрын

@@NdjayOnecorruption is by far the biggest problem for these countries. IMF just gives a loan, if you don't wanna pay it, don't take the money.

@NdjayOne 15 сағат бұрын

@@SelfProclaimedEmperor I think you are very naive; the IMF does not work on this basis. There are household laws against pawnbrokers, to prevent them from destroying families by offering absurd loans. This organization literally destroyed the economies of the countries of the South by granting useless loans, which did not concern the infrastructure which would have made it possible to initially get them out of the cycle of countries locked in low income. The IMF did not do this, and of course, it demanded that these countries pay their debts by giving Western companies access to their resources at a ridiculous price ( +privatized their market by destroying the public investments necessary to escape poverty...). all loans for a poor country that do not concern infrastructure are bribes to leaders who secretly sell their countries to the highest bidder. a “neutral” organization like the IMF could not make these offers. It is an form of masked aggression. you should read confessions of an economic hitman!!! it is far far from being simple!!! If you do it wrong or do not understand what is at stake, you end up caught in a cycle of poverty.

@vikik7877 14 сағат бұрын

@@SelfProclaimedEmperor We don't even want the money 😂 That's why we will keep shaming IMF until they don't give us money even if the corrupt politicians ask for it. Abeg, we don't want IMF money,we can take care of ourselves.

@SelfProclaimedEmperor 14 сағат бұрын

@@vikik7877 ok, but this will not solve the issue of corruption politicians spending too much money

@PoliticalEconomyPK 2 күн бұрын

What kenya needs is to make reforms to cut government spending that goes into the perks and privileges of the elite instead of going for the easier route of levying taxes that further squeeze the middle class

@umaganonu 2 күн бұрын

This is pretty much what the protests are about, and not the IMF as this video suggests. A really poorly informed take from this channel

@Muzakman37 Күн бұрын

But you're asking Ruto to enforce that, which is beyond a joke if you're a Kenyan. He's one of the biggest thieves of them all.

@upstar21t 2 күн бұрын

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.

@NjonjoNdehi Күн бұрын

Higher tax rates -> higher prices -> lower sales -> lower tax revenues

@rodmarker2071 Күн бұрын

It's about time they learned the lesson "THERE IS NO FREE LUNCH"

@vikik7877 15 сағат бұрын

Lol, no one wants a free lunch expect corrupt politicians. We don't want IMF money, Kenya generates enough revenue to finance its own budget. IMF knows this but still gives us the money. That's why we hate it. How can you give billions to corruption knowingly? It means that you may also be part of it. Hope you understand now.

@Yuhyuhmuhmuh 2 күн бұрын

I wish there was an hour long TLDR video ❤

@jim83213 2 күн бұрын

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

@mwitalemi 11 сағат бұрын

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 6 сағат бұрын

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

@videosfromreddit 2 күн бұрын

I'm proud to be part of the protests😌

@ukweli1786 2 күн бұрын

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 2 күн бұрын

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 2 күн бұрын

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

@Muzakman37 Күн бұрын

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

@ukweli1786 Күн бұрын

@@Muzakman37 it's colonialism with extra steps

@Muzakman37 Күн бұрын

@@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.

@mathewomolo 2 күн бұрын

I have been watching this channel for a long time and happen to be Kenyan.. I need to add that these protests are really about corruption. Politicians are buying property while asking the citizens to tighten their belts. The debt levels remain intact yet it gets serviced yearly.

@henryochieng6892 17 сағат бұрын

Give this beautiful lady her 🌹🌹🌹. What a well researched presentation.

@Gallalad1 2 күн бұрын

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"

@RedXlV 21 сағат бұрын

I just *love* how the IMF's explanation for why they continue to insist on austerity despite it literally never working is "bankruptcy is even worse than austerity, and we can use that fact to *force* poor nations into accepting austerity in return for loans." Apparently it's never occurred to the IMF that a balanced budget shouldn't necessarily be a nation's top priority.

@seargesoren9391 2 күн бұрын

The minecraft food and coal icons 🤣

@FireEverLiving 2 күн бұрын

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 2 күн бұрын

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

@Jompabompa 15 сағат бұрын

These protestors have no solutions at all.

@kuriamoses3043 Күн бұрын

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.

@kamau6988 2 күн бұрын

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

@kevinbarry71 2 күн бұрын

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

@CHMichael 2 күн бұрын

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

@pkom6418 2 күн бұрын

You think IMF loans are free? What a 🤡

@CHMichael 2 күн бұрын

@@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 2 күн бұрын

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

@lifeisacoustics 2 күн бұрын

Actually we have more money without IMF @@CHMichael

@Khaoki 2 күн бұрын

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

@vovan7349 2 күн бұрын

Creditors or predators? Couldn't hear well... Oh, nevermind, it's usually the same thing in international economics... (Love the subtle reference to Rishi looking for a new job)

@henrymainah 15 сағат бұрын

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

@rajahua6268 2 күн бұрын

Always blames the one that lines your pockets!

@ichoboi 2 күн бұрын

Its always a treat having Nadja tell us the news

@TheAlexwilhelm 2 күн бұрын

Borrowed money and doesn't want pay it back 😢

@moeawale4891 Күн бұрын

Someone has to pay for the piper and politiciations and leaders of that particular nation should be in the first line fior misspent loans and debt recovery, period. Someone living on borrowed money lives on borrowed time.

@aaronjones8905 Күн бұрын

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.

@evansobare5991 2 күн бұрын

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

@denishudec5835 2 күн бұрын

So the previous Kenyan governments did an awful job regarding the economy and the one everyone seems to blame is the IMF who are lending money to fix said economy? I'm not saying that those specific measures are the best ones but to me it seems that mismanagement of government budget is the previous administration fault and they should be held accountible to prevent such mismanagement in the future. HOLD POLITICIANS ACCOUNTIBLE FOR THEIR FAILURES

@WhichDoctor1 2 күн бұрын

This is true. But also the IMF do have a long and well documented history of bankrupting developing countries with economically toxic austerity policies to the point they are forced to sell off their natural resources at rock bottom prices to western corporations. If someone is terrible with money to the point they get into tons of debt then year that’s their fault. But when a loan shark rips them off with loans that only push them further into the hole the loan shark is also to blame

@alfredalbert2970 2 күн бұрын

The IMF and World Bank lend at rates far lower than any private creditor

@Mark-gd2ti 2 күн бұрын

@@WhichDoctor1the imf is a bank..... Their job is to make sure they get their money back point, your job is to grow up and invest efficiently and don't ask for money you cannot pay back. If you arrive at a point we're you have to ask for debt to go on then maybe you already have big problems that need fixing....

@mikerodrigues9822 2 күн бұрын

@@WhichDoctor1 Now tell us which of these well documented countries choose to fix their own shit like systemic corruption rather than sell off their natural resources.

@chinguunerdenebadrakh7022 2 күн бұрын

@@WhichDoctor1IMF doesn't just lend randomly, they are a lender of last resort, only countries who have fucked up and can no longer normally have to resort to the IMF because that's literally the purpose of the IMF, to be a bailout lender.

@nerdytube5351 Күн бұрын

Let me clarify that the old Kanu party of the moi regime died a long time ago. Its former members moved on to form new political parties and coalitions. Coalitions examples are Jubilee, Azimio la umoja and Kenya Kwanza which is the current party in power.

@mwfp1987 2 күн бұрын

Extortionate loans??? How can you claim that when you don't even give us the interest rate? If 38% of my income goes to paying off credit cards that means I have taken out too much debt, not that I am being extorted.

@nvmtt1403 2 күн бұрын

the guy that cant eat bread or own a car aint taking no debts lol. he doesnt care about your card.

@mwfp1987 2 күн бұрын

@@nvmtt1403 The government that guy elects and is responsible for overseeing is taking out debt on his behalf, so ya, he is taking out debt. You don't get both a vote, and the ability to say the government's actions are not your responsibility.

@nvmtt1403 2 күн бұрын

@@mwfp1987 then the govt can vote for itself if they want. they are not getting it anymore. you cant buy vote with debt.

@zack7438 Күн бұрын

@@nvmtt1403 The guy that can't eat bread helped elect the leader who is stealing from him because they come from the same tribe.

@wiredvibe1678 18 сағат бұрын

@@mwfp1987what if that guy is taking the loan money and using it to buy fancy cars while you struggle to buy bread, then tells you that you need to pay for the loan?

@mainakamau3807 2 күн бұрын

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

@BryanO92 2 күн бұрын

Too many countries just go hat in hand to the IMF and take it from the back, not understanding certain countries have successfully pushed back and negotiated better terms.

@richardndungu2815 16 сағат бұрын

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

@stevenjohnston7809 2 күн бұрын

I think more parties would give cover for such measures

@sintoderrick6277 14 сағат бұрын

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.

@patriciaa4451 2 күн бұрын

1:57 correction on multipartyism. 1991 - President Moi in December 1991 at a KANU delegates meeting at Kasarani Stadium, repealed Section 2A of the constitution, thereby making Kenya a multi-party state. The change enabled the introduction of term limits to the Presidency. 2002- A ‘rainbow coalition’ led by Mwai Kibaki defeats the KANU candidate Uhuru Kenyatta.

@hungo7720 2 күн бұрын

This controversial tax bill can incite social unrest in Kenya, a country mired in poverty and corruption.

@G00d4nthings 10 сағат бұрын

The IMF, USA, NATO and Europe is to blame for meddling in Africa.

@sPanKyZzZ1 2 күн бұрын

IMF is devil on earth

@AnthonyGarcia-sy3yk 2 күн бұрын

Ok go ahead and take a loan from China,, good luck

@jeckjeck3119 2 күн бұрын

For what? For giving people life saving loans? It is not IMF's fault y vote for corrupt people.

@ZetaMoolah Күн бұрын

@@jeckjeck3119it is the IMF’s fault for spiking their interest rates in the ‘80s and destroying every developing nation’s currencies in the process. Most of the world has been a financial sandpit for decades after. Had they not done that, there would be reliable international banking orgs outside of the Trilateral Commission’s reach- they could not have that,

@thewestisthebest6608 12 сағат бұрын

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

@rufayikasim3728 22 сағат бұрын

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

@josephinesosingot-raisanen6743 16 сағат бұрын

the protest didnt quickly turn violent

@AmericanwrCymraeg 2 күн бұрын

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.

@drattler1946 2 күн бұрын

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

@Muzakman37 Күн бұрын

Exactly.

@rogerwilco2 2 күн бұрын

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.

@LCTesla 2 күн бұрын

Wouldn't we all protest our repo-man

@Avaricumstudios 2 күн бұрын

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 күн бұрын

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

@Avaricumstudios 2 күн бұрын

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

@jeckjeck3119 2 күн бұрын

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

@Uft969 2 күн бұрын

I like this new host 👌🏻

@amosmunezero9958 13 сағат бұрын

Winning just over 50% is really bad for any country, Ruta is not popular, I wonder why whatever he tries to do fails, I am so sorry for Kenya, cause if not careful the country could slide backward economically and Tanzania is likely to surpass it in near future if this continues.

@nickns732 Күн бұрын

Love the minecraft graphics lmao

@kenkibet7920 17 сағат бұрын

30+ dead 40 missing as of yesterday's News

@The_Bashar Күн бұрын

Proper austerity would begin with severely sliming down a bloated gov't with insane offices & non-fubctional positions - that are overpaid as well. If the IMF knew its shit, those would be the first to go & never include punitive taxes that'll stifle growth, investment & development 🙄.

@getnohappy 2 күн бұрын

While it's understanding loans should come with conditions, IMF conditions are usually counter-productive. In this case, rises in cost of living will suppress the economy not allow it to grow, which defeats the purpose of borrowiing.

@thundereagle4130 2 күн бұрын

Unfortunately unconditional loans aren't the awnser most of the time, the IMF needs to require SOMETHING before they give out a loan. China gave (economic) unconditional loans for a while, but that didn't work out at all.

@getnohappy Күн бұрын

@@thundereagle4130 You're not wrong (moral hazard and all that), but this probably means we need to rethink the global approach to loans and debt. Just giving money doesn't work, but neither does treating a country like a private equity firm taking over Toys R us.

@thundereagle4130 Күн бұрын

@@getnohappy I don't think there is any. Theoretically things would improve if producers would pay a fair price for resources, but that would mean prices of the end-product would be 2x or 3x times higher. In a fair world it is impossible for a smartphone to cost $200.So I fear unless we are able to mine in space and production processes are fully automatic, there will always be poor countries.

@Kartun_Jack100 Күн бұрын

The IMF might be compromised as per say

@kariukiwonder173 Күн бұрын

This is evidence that people need to do more research when they are trying to talking about a situation in a country.From the beginning when i saw the political i knew it was unnecessary because this has nothing to do with political parties