Garissa township member of parliament and former national assembly majority leader Aden Duale is among the most prominent politicians from North eastern Kenya. Duale revealed that he was forced together with deputy president William Ruto to defend embattled Kirinyaga governor Ann Waiguru because of loyalty.He further added that they were forced to defend the government from the health ministry’s scandals, Eurobond fraud and the standard gauge railway.
Hours after the Sunday Nation Newspaper revealed plans to arrest and convict more than 30 leaders allied to Deputy President William Ruto's camp over alleged corruption charges, office of the DP has responded to the allegations. Taking to his Twitter account on Sunday morning, the Director of Communications in the office of the DP Emmanuel Talam, rubbished the alleged plans, reading some bad motives in government's plan.
It's tragic when governments squander money meant for saving lives.Kristalina Georgieva, IMF Managing Director.As per NTV Kenya.How then can this be avoided?You need to employ a team to make sure the money serves its purpose that's not rocket science,but the way it is IMF,EUROBOND are part of the problem talking alone is a drop in the Ocean,says JO.
Kenya has frozen salary increments for all civil servants for two years beginning July, setting the stage for tough times ahead, amid Treasury's admission that it is struggling to get enough money to run government. Police officers have been banned from using social media as a platform for airing their grievances or speaking about the challenges that they undergo in the course of their duties.
Those shouting the loudest on loans today insulted orange democratic movement leader Raila Odinga when he questioned the huge borrowing that was happening.He was termed a perennial loser and bitter who was against the government development.
Kenyans Bitter After Information of Fourth Eurobond Debt Is Shared Kenya for many years has been trying to make ends meet through its natural resources and also taxes paid by the Kenyans. However, it is important to understand that the money collected locally by the Kenya Revenue Authority Isn't enough to cater to the budget that had been read by the Cabinet Secretary of Finance Ukur Yatani.
Ruaraka Constituency member of Parliament Hon.T. J Kajwan'g has said that he together with the Orange Democratic Movement party members of parliament left the role of oppossition to the Tangatanga members of parliament who are allied to Ruto.
In an interview at the TV47 channel, economist David Ndii said that it was time to forget past corruption and focus on preventing corruption in days to come.David ndii sentiment did not go well with many netizens as it meant leaving culprits scoot free in past scandals like NYS, Eurobond and KEMSA scandal.
A petition has been filed seeking to have President Kenyatta personally refund money spent on BBI process. The petitioner through lawyer Morara Omoke argues that the BBI process is an altogether illegal process and the president should refund all the cash spent on the BBI process. He also says that the president should dissolve Parliament as earlier advised by the former Chief Justice.
The Kenya national treasury on Tuesday, 20th April, wants to hire the service of a debt firm as it plans to raise 125 billion Kenyan shilling in 2021.(Photo| Treasury CS Ukur Yatani) The treasury said that the firm will help the government to manage international debts and to balance its book.
Though late last month The Kenyan Government was criticised for over borrowing through an online petition, their is fresh details that Kenya is set to borrow at least Ksh1.5 trillion in the new financial year commencing in July 2020.According to Citizen Television, Out of the original Ksh3.6 trillion spending plan , the government of Kenya is only expected to raise Ksh.2.038 trillion in revenues.
According to fresh figures from the Kenya Treasury and Central Bank, the debt of the country reached 7.7 trillion Ksh (CBK). In contrast, the debt stock of Kenya was smaller than the previous year by 6.7 billion Ksh. This indicates that in the last 12 months, in the course of a period of updated loan payments to Kenya, the government has added KSH.1 trillion to its debt stock.
Ndindi Nyoro is very vocal and an executive member of TangaTanga Brigade which is led by William Ruto.He has this evening through his facebook page discussed about the issue of Government debt ceiling as well as the famous Eurobond.Picture for illustrative purpose.
When you talk about seasoned politicians in Kenya, the name Raila Odinga has to appear on the list.The long time politicial engima has been giving political predictions which most have come to pass.His political journey has however not been easy as the former premier has faced several physical harm as he tries to Champion for Kenya's political freedom.
Another Looming Ksh.124 billion Eurobond After Securing The IMF Loan, What The Government Intends To Do
The Kenya national treasury on Tuesday, 20th April, wants to hire the service of a debt firm as it plans to raise 125 billion Kenyan shilling in 2021.(Photo| Kenyan Money) The treasury said that the firm will help the government to manage international debts and to balance its book.
Kenya is one of the third world countries in Africa which are still in the process of development.Kenyan government have been seeking loans from different world money lending institutions as well as different countries that are willing to assist.The main purpose of lending loan is usually to reactivate the economic development if there might be a fall in the economy which may be due to pandemic like the one we are in now or war.Just recently the government of Kenya signed an agreement on loan with the International Monetary Fund(IMF) whose main purpose was to boost the economy.
Another Debt As Kenya Goes For 82 Billion Kenya shillings World Bank Loan.Friday, 9th April 2021, Nairobi Kenya.
The Government Has Reportedly lined up to secure Sh 780Billion Eurobonds loan from International market despite online campaign against public borrowing.
On Tuesday 21, 2021, the Treasury announced that it was seeking the service of loan experts to help the country restructure its external commercial loans.The expert will be expected to come up with the best options for loans sustainability.The experts will advise the treasury on how to find ways of securing cheaper loans to offset the existing expensive loans.
Kenya has raised Ksh.107.8 billion ($1 billion) in international capital markets, marking the country's fourth Eurobond issuance in seven years. The new Eurobond issue, which follows a three-day virtual investor roadshow, has a 12-year maturity date, which means it will mature in 2034.