South Africa’s leader of the Economic Freedom Fighters (EFF), Julius Malema has expressed solidarity with Kenyan protesters against the Finance Bill 2024, criticizing the IMF and World Bank’s involvement in drafting the Bill.
South african politician and leader of the EFF Julius Malema has condemned the new Kenyan Finance Bill, highlighting its potential to increase taxes by $2.7 billion, placing further economic strain on Kenyans already struggling. Malema has pointed to the Brettonwoods institutions the IMF and World Bank of exploiting developing countries, making a clarion call to Kenyans to resistent external influence from these western donimated institutions.
Malema’s statement came amidst nationwide demonstrations by Generation Z, demanding the withdrawal of the Bill. Malema also criticized the use of force by Kenyan police against peaceful protesters and called for their immediate release. Malema has therefore urged the Kenyan government to sever ties with international financial institutions, stressing the need to uphold African sovereignty.
Amid the chaos, President William Ruto’s administration has defended the Bill, citing long-term benefits, despite facing criticism.
As Kenyan lawmakers prepare for a final vote on the Bill, Malema’s support adds a significant voice to the ongoing protests and raises further questions about the impact of foreign influence on developing economies. In the meantime, Kenyans have called for fresh protest on June 25, 2024.
