Kenya braces for protests against rising cost of living

Kenya's opposition leader Raila Odinga has called for large-scale protests demanding President William Ruto to lower the cost of living, causing tensions to rise across the nation. The demonstrations have impacted businesses in Nairobi, with many closing their doors amidst fears of clashes between demonstrators and the police. CNBC Africa spoke with Odhiambo Ramogi, CEO of Elim Capital, who provided insights on the current situation. Ramogi indicated that while the protests have largely been peaceful, there have been isolated incidents of violence, with the police arresting individuals regardless of their involvement in the demonstrations. The lack of communication from President Ruto and government officials has left the public questioning their stance on the protests. Ruto's previous statements have reflected a firm refusal to be intimidated, asserting his legitimacy as an elected leader. Amidst the ongoing demonstrations, the government has deployed police to suppress the protests, showcasing a show of force in response to the opposition's demands. Raila Odinga's primary objectives include the recognition of his election victory, the resignation of William Ruto, and a reduction in the cost of living. Odinga alleges that Ruto's victory was fraudulent and calls for a change in leadership to address the economic challenges facing Kenyan citizens. The government's economic policies, including increased taxation and reduced subsidies, have contributed to a spike in living costs, prompting Odinga to push for policy reforms to alleviate the financial burdens on the population. While the protests serve as a platform for Odinga to voice his grievances, questions loom over the sustainability of this approach. The lack of dialogue between the opposition and the government raises concerns about the future of the protests and the potential for a peaceful resolution. Ramogi highlighted the historical context of Odinga's mass action strategies, noting the challenges it poses to the government in maintaining security and order. In the absence of a formal agreement between the warring parties, the outcome of the protests remains uncertain, with a looming possibility of escalated tensions and prolonged unrest. As Kenya braces for further demonstrations, the need for constructive dialogue and compromise emerges as a critical factor in resolving the ongoing crisis.