JOHN GITHONGO - Between the Devil and the Deep Blue Sea: The Choices Facing Kenya and the Kenyattas
Kenyans on Twitter (#KOT) – a fraternity not to be messed with on global social media – recently took on the IMF following the announcement that the Fund had approved another US$2.34 billion facility for the Kenyan government. The loan is intended to mitigate the fiscal crunch that has been exacerbated by the COVID-19 pandemic. #KOT’s concern was that the current ruling elite is so corrupt that not only have they stolen and misspent what they had previously borrowed, leading to a public debt portfolio of US$70 billion and rising, they will steal and misspend this new amount as well. The...