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.
Third wave of Covid-19 hits a battered Kenyan economy Saturday March 13 2021 Kenya’s President Uhuru Kenyatta gives his address to the nation on the health guidelines for the year on March 12, 2021. PHOTO | PSCU Summary The country’s economy had grown 10 times slower than planned. Advertisement Kenya is accepting that the cost of reducing loss of lives from the Covid-19 pandemic is woeful economic performance. In his first address to the nation on the health guidelines for 2021, President Uhuru Kenyatta said that the country’s economy had grown 10 times slower than planned. President Kenyatta presented data on Friday that shows Kenya’s economy, which had been projected to grow by 6.2 percent had only risen by 0.6 percent and lost Ksh560 billion ($5.6 billion) of GDP.
THE STANDARD KENYA The government chose life over the economy as regards the ravaging coronavirus pandemic, President Uhuru Kenyatta ( pictured) has said. Stringent measures imposed by the government e.g curfew, closure of business establishments, cessation of movement in Nairobi and Mombasa counties last year and partial lockdowns contributed largely to a dwindling economy and harsh economic effects like unemployment. According to the president, when push came to shove, it was necessary to make a ‘bold decision’, a move that cost Kenya billions of shillings but preserved life. “The logic here, for the last one year, was that you can always revive the economy, but you cannot revive a lost life,” he said in a national address on Friday.
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