Vocal Narok senator, Ledama Ole Kina has revealed worrying details of the country in his latest tweet. The country is currently going through many challenges coupled with the Covid-19 virus and hard economic times. View pictures in App save up to 80% data.
The Covid-19 virus has led to deaths across the World with Kenya being among the affected countries. This has resulted to hard economic times in the country as many sectors of the economy have been hit hard by the effects of the deadly virus.
There has been a concern on the inreased loans which the government keeps on borrowing from China at higher interest rates. That has been the major downfall of Jubilee government hence making the country undergo difficult economic times. View pictures in App save up to 80% data.
Narok Senator, Ledama Ole Kina has revealed worrying information on the state of Kenyan economy;
@ledamalekina We are officially broke! 9Trillion Debt! KPLC operating on a deficit of 120B now @KenGenKenya wants to sell power directly to deny KPLC cash to repay the debt. 🤔 Soon @KeEquityBank and @StanChartKE will own @KenyaPower the these are not signs of a failed government then ???
The senator has revealed that Kenya is officially broke and very soon the loss making government agencies and cooperations will be turned into private entities.
Former National Assembly Majority Leader, Hon. Aden Duale also surprised Kenyans after revealing the main reason the government has been taking loans from China at high interest rates.
@citizentvkenya Aden Duale: In the first 5 years of President Kenyatta leadership, we succeeded very well. The only setback is we put the country in a serious debt level, we were not very careful with borrowing. The reason people went to China for loans was because of 10% kickbacks #DayBreak https://t.co/oB19jTEQWU
It is very unfortunate for a leader to admit that the main reason Kenya took loans from China is because of the 10% kickbacks they were receiving.
Some of the reactions from Kenyans are as follows;
@Chemenjet And the government have 14B for BBI ? This country , our leadership have failed us and the country will totally failed before 2022 ! If things can’t change
@ItsNyambane But you are in government. Why are you crying? What have you done to resolve the situation?
@halisikenia Sasa aje from 4Trillion juzi tuh waki raise ceiling, tumefika 9Trillion aje? Sielewi.
@itsminambo Mheshimiwa umesahau our shilling is weakening day in day out.
@Oron254 imebaki tu mazishi ya hii gava
@fgatimu BBI will solve this....
@Kipcoek Failed Government