Posted 11/11/2023, 6:53:21 AM
Senator OleKina Criticizes High Interest Rates and Unpredictable Taxes, Calls for Reforms to Support Citizens Amid Economic Struggles
- Narok Senator Ledama OleKina criticized high interest rates of 18-20% hurting citizens
- OleKina said unpredictable taxation with new taxes constantly introduced is hurting the economy
- He called for capping interest rates and predictable taxation policies
- President Ruto attributed economic struggles to COVID-19, drought, geopolitics raising costs
- Ruto said his government was elected to find solutions amid harsh economic conditions