Kenya could lose ‘billions’ if harsh anti-LGBTQ+ law comes into force
A recent study has raised serious concerns regarding potential consequences to Kenya’s economy if the nation’s government goes ahead with planned anti-LGBTQ+ legislation.
According to a report by economist and social scientist Professor Fred Ogola, Kenya risks serious economic losses estimated at roughly Ksh 4.186 trillion (approximately £23.12 billion) if president William Ruto approves the controversial Family Protection Bill.
The bill heavily mirrors Uganda’s Anti-Homosexuality Bill and has severe penalties if passed for those identifying with or supporting the LGBTQ+ community, including the death penalty.
One major reason for this potential economic decline is Kenya’s heavy reliance on foreign aid. The country currently gets funding from the European Union (EU), the United States and the International Monetary Fund for various forms of sectoral assistance and development.
International and Comparative SOGIESC Law - Professor Andreas R Ziegler 