T
Originally published by The Standard Business
📰 Read Full Article
February 3, 2026
6d ago

Mbadi: 2024 protests still dragging down Kenya's economy

Mbadi: 2024 protests still dragging down Kenya's economy

Mbadi says one day of demonstrations takes three months to recover, reveals 2024 unrest complicating debt talks with World Bank and IMF...

✨ Key Highlights

Kenya's Treasury Cabinet Secretary John Mbadi has conceded that the 2024 anti-government protests continue to impede the nation's economy and complicate discussions with international lenders. He stated that even a single day of economic disruption from demonstrations requires three months for recovery, a reality he claims to have only grasped after assuming office.

  • The 2024 protests contributed to Kenya's GDP growth slowing to 4.7 per cent, marking its weakest performance in seven years.
  • Kenya Private Sector Alliance (KEPSA) estimated that the June 25, 2024, protests alone cost the economy Sh3 billion.
  • Mbadi revealed the disruptions have made it challenging to justify Kenya's debt sustainability projections to the World Bank.
  • The June 2024 demonstrations, largely organized by Gen Z Kenyans, erupted after lawmakers passed the controversial Finance Bill 2024.
  • Human Rights Watch reported at least 60 young protesters lost their lives in June 2024 alone.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement

Related News

Advertisement