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Best Oil and Gas Stocks in India High Accuracy Trade Signals ✌️【Asset Manager】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. The protests began in Kenyalast month, where young people – particularly Gen Z – engaged in six weeks of demonstrations over an unpopular bill that sought to raise taxes. At least50 people diedas a result.

President William Ruto retracted the bill and announced a shake-up of his cabinet following pressure from demonstrators who remained on the streets, saying they were unhappy about alleged corruption and police brutality in his government. There have been some calls for him to resign.

Kenya, East Africa’s dominant economy, has grappled with escalating living costs that have spiked food prices and other commodities, amid a risingunemployment rate among the country’s youth. The nation also owes billions of dollars in foreign and local debts, spending a sizeable chunk of its revenuerepaying its creditors.

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Uganda has witnessed some stability in its economy following “an oil-related construction boom and robust growth of agriculture,”accordingto the World Bank.

But it has also grappled with endemic corruption, scoring 26 last year on Transparency International’sCorruption Perceptions Index, which ranks countries on a scale of zero to 100, with zero meaning “highly corrupt” and 100 signifying that a country is “very clean.”

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President Yoweri Museveni, 79, who has ruled Uganda with an iron fist for nearly four decades, warned the protesters they were “playing with fire,” and later praised the security forces for “foiling” the protests, andclaimingwithout evidence that they were orchestrated with “funding from foreign sources.”

In Africa’s most populous country, Nigeria, young people are also planning an “end bad governance” march on August 1.

Young Nigerians calling for protests want a respite from the country’s economic woes as inflation skyrockets tomore than 34%, its highest level in nearly 30 years, causing one of the nation’s worst ever cost-of-living crises. Unemployment in the West African nation has also been on the rise, its data office said in its most recentreport, in February.

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Human rights lawyer Inibehe Effiong said in aninterviewwith Arise Television on Sunday: “People are tired, people are hungry…. Why does the president have to wait till the 1st of August? He can start this moment to effect the changes that people are asking for.”

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Fearful of a repeat of the 2020 #EndSARS protests, Nigerian President Bola Tinubu has called for calm and implored citizens not to take to the streets.

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He warned that the planned protest “could degenerate into violence and set the country backwards,” alleging that the upcoming march was being instigated by citizens with dual nationality.

“The sponsors of protests do not love our country … They do not understand citizenship. They have alternative passports. They are in different parts of the world holding meetings virtually,” the presidentsaid.

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“The context of this planned protest is to shadow what is happening in Kenya … and … what is happening in Kenya … is violent … and remains unresolved,” spokesman Edward Bubasaidat a press conference, adding that “the military will not stand by and allow anarchy to befall our nation.”

For Gift Mugano, an adjunct professor of economics at South Africa’s Durban University of Technology, the youth uprisings are “a reality check for African leaders.”

“It’s like a protest contagion because the Kenya Gen Z movement is stimulating the momentum in other African countries,” Mugano told 【 - Free Exclusive Investment Tips 】.

He added that “as long as there are no economic opportunities, and governance and rule of law are not at their best, we will not have stability in the continent.”

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“There is a growing discontent among young people (in Africa) and those who are in charge should pay attention to this movement,” Thior said.

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Youth-led uprisings against corruption and bad governance have also erupted in other parts of Africa, including Senegal and Ghana, in recent months.

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Protests broke out in Senegal in February after its then-president Macky Sall announced a delay in the country’s scheduled elections. Following demonstrations that leftat least three protesters dead, Sallbacktracked on the delayafter the Senegalese constitutional council ruled against his decision to postpone the vote.

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In the preceding months, Ghana, Senegal’s fellow West African state, saw days of anti-government protests as demonstratorsrailed against economic hardships and unemployment.

“All over Africa, we are… sitting on a keg of gunpowder,” hesaidin a recent interview with 【 - Free Exclusive Investment Tips 】 affiliate Citizen TV.

“There’s virtually no exception (country) in Africa where the youth are not angry. They are unemployed… unempowered and they see nothing other than hopelessness,” he said.

Obasanjo warned that “if no adequate attention is paid to the needs of the youth in Africa … it will be very ugly for all of us.”

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