Skip to main content

Uhuru’s Government under Intense Criticism as Citizens Petition IMF to Cancel Kshs.255B Debt

Kenyan government continues to attract criticism over the surging debt rate that has already hit the ceiling. Uhuru Kenyatta’s government is currently unable to fund the loans and the international monetary fund (IMF) has stepped in to assist Kenya to bail out lenders.
When Kibaki handed over power to Uhuru Kenyatta in 2013, the country’s debt was Kshs.630 billion. Since Uhuru took over as the president of Kenya, the debt has skyrocketed to a whooping Kshs.9 Trillion.
Led by economist David Ndii, Kenyans turned to social media, in petitioning IMF to stop loaning Kenya. Twitter was on fire for the better part of Monday, as Kenyans lambasted their government over unnecessary expenses and rampant corruption. Below are some of the reactions that were expressed by Kenyans on twitter:
David Ndii: “Ok, let me explain. Uhuru Kenyatta and cronies have stolen or squandered most of the sh.6 trillion they have borrowed. The SGR is costing us more in subsidies. That is why we can’t repay the loans and IMF comes in to bail out lenders. We already ate. It’s payback time. #StoploaningKenya”
Cyprian Nyakundi: “PETITION TO THE IMF TO CANCEL THE KSHS.255 BILLION LOAN TO KENYA. Change.org #StopLoaningKenya”
Sam Lulli: “International Monetary Fund (IMF) to decide whether to approve Loans (Kshs 225B) to Kenya or revoke following the complaints by Kenyans on social media concerning corruption in the government of Kenya. #StopLoaningKenya”

Labels:

Comments

Post a Comment

Popular posts from this blog

Kenyans surprised over UDA's 'Voters Repair' remarks for President Ruto 2027 reelection

 Kenyans are reacting strongly to remarks by some UDA leaders that many interpret as hints at election manipulation ("ukarabati ya kura" / "voters repair") ahead of the 2027 presidential election. What Happened On or around May 23, 2026, NTV Kenya and other outlets aired footage from a UDA meeting at Kakamega Deputy Governor Ayub Savula's home.  Leaders including Savula and MP Charles Gimose reportedly used phrases like "tutafanya ukarabati ya kura" (we will repair/do maintenance on the votes).  Some comments referenced high victory margins in places like Tanzania under Samia Suluhu or Museveni-style wins. This has been widely seen as implying plans to "fix" or pad results in favor of President William Ruto's reelection, rather than a literal call for better voter registration or system maintenance. Public Reaction 1. Surprise and outrage: Many Kenyans on X and social media expressed shock, viewing it as arrogant or desperate signaling am...
Post a Comment
Read more

How to commercialize your prototype innovation in Kenya

Commercializing a prototype in Kenya involves transforming your innovation from a proof-of-concept stage into a marketable product or service that generates revenue. This process requires protecting your intellectual property (IP), validating market demand, securing funding, and selecting the right business model.  Kenya has a supportive ecosystem with government agencies, grants, and innovation hubs to help.  Below is a step-by-step guide based on established practices and resources. 1. Protect Your Intellectual Property (IP) Before commercialization, safeguard your innovation to prevent copying. In Kenya, IP protection is handled by the Kenya Industrial Property Institute (KIPI). Register your IP : File for patents, trademarks, copyrights, or industrial designs. Patents are crucial for inventions and provide a 20-year monopoly.  Start with a patent search to ensure novelty, then apply via KIPI's online portal. Costs range from KSh 3,000–50,000 depending on the type. Why...
Post a Comment
Read more

Important steps to be taken when buying Land in Kenya

  Land is a vital asset and acquiring it requires utmost caution to avoid finding yourself in a protracted, unending legal battle. As Kenya's economy bites, there has been increased cases of land fraud.  Land disputes have been so rampant, hence the need for advocacy of future land buyers to be cautious when undertaking land transfer processes. Factors to consider when purchasing land in Kenya 1. Do a land search at the ministry of lands. This enables you to confirm the real owner of the land and know whether it has any legal dispute, loan or unpaid tax. 2. Site visit: Make sure you see the land physically and confirm its boundaries. 3. Land verification: Verify the authenticity of the property at the land registry and confirm if it is freehold, leasehold or communal. 4. Sale agreement: Engage a lawyer and a surveyor for legally sound transaction. 5. Land transfer: Make sure the original titledeed is transferred from the name of the seller to your name. 6. Register your land w...
Post a Comment
Read more