How Ruto's policies are fueling consumer fears

President William Ruto gives speaks during the Hustler Fund launch at Railways on November 30, 2022. [Kelly Ayodi, Standard]

Households and businesses woke up on the first day of 2023 to an estimated 15 per cent increase in the cost of electricity.

This is due to the cessation of multi-billion shilling subsidies in the energy sector. The Treasury had clearly captured the intent of the Ruto administration to end the subsidies in the Budget Review and Outlook paper for 2022/23 fiscal year.