How Kenya lost Sh20 billion in credit rating row

Kenya lost Sh19.5 billion after Moody’s downgraded its credit to junk status in response to the 2024 anti-budget protests led by Generation Z, according to the African Union's Africa Peer Review Mechanism (APRM). The APRM disputed the downgrade, calling it unfair due to lack of information and context. The downgrade significantly affected Kenya's financial standing, though the APRM challenged the fairness of the rating.