Transition: When Nyachae admitted Kenya was broke
THE STANDARD By Patrick Alushula | February 1st 2021 at 15:01:31 GMT +0300 Former Finance Minister Simeon Nyachae NAIROBI, KENYA: It was a rare but truthful admission from the very man who had been charged with the responsibility of planning for the country’s money. And the action did not go unpunished. In 1998, Finance Minister Simeon Nyachae, the son of the former powerful colonial chief, Musa Nyandusi, shocked the nation with a rare admission that Kenya’s economy was in intensive care unit (ICU). On the front page of The Standard on Saturday, April 25, 1998, then trading as The East...
Source: standardmedia.co.ke