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Kenya's president on Tuesday defended the high taxes the government recently imposed, calling them a “necessary sacrifice “in helping the country deal with ballooning foreign debt which now stands at $70 billion. Speaking at celebrations marking 60 years since Kenya's independence from Britain, President William Ruto said East Africa’s largest economy was no longer at risk of defaulting on bond payments following economic reforms his government had undertaken since taking power last September. “Though painful, the sacrifices we have made will not only make our freedom fighters proud," Ruto told tens of thousands of people in the capital, Nairobi.

Nairobi areaUnited kingdomJohn ndiranguWilliam rutoNjeru kathanguInternational monetary fundPresident william rutoEast africa