Why Kenyans Fear a New IMF Loan
The terrible impact of past IMF loans has made it clear to many Kenyans that yet another loan spells disaster.
Pictured above is Central Bank of Kenya. Due to COVID-19, Kenyans have been protesting online against IMF loans.
World2 hours ago
Never did I imagine that opposing an International Monetary Fund (IMF) loan to Kenya would be viewed by the Kenyan authorities as a criminal act. But that is exactly what transpired in early April when activist Mutemi Kiama was arrested and charged with âabuse of digital gadgetsâ, âhurting the presidencyâ, âcreating public disorderâ and other vaguely-worded offences. Mutemiâs arrest was prompted by his Twitter post of an image of President Uhuru Kenyatta with the following caption: âThis is to notify the world . . . that the person whose photograph and names appear above is not authorised to act or transact on behalf of the citizens of the Republic of Kenya and that the nation and future generations shall not be held liable for any penalties of bad loans negotiated and/or borrowed by him.â He was released on a cash bail of KSh. 500,000 with an order prohibiting him from using his social media accounts or speaking about COVID-19-related loans.