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

How Human Noise Kills Marine Species, as revealed by Scientists

Scientists have warned that the discord of noise made by humans is harming marine species .  A comprehensive assessment revealed that large noise from human activities was as harmful as pollution, overfishing and climate change .  The study that was conducted by the Journal Science exposed how marine animals can hear from far distances than they can see or smell. According to a report published in the Guardian, most of the marine life uses sound to catch prey as well as attracting a mating partner.  Prof Carlos Duarte of King Abdullah University in Saudi Arabia argued that: “Marine animal can only sea up to around 10 meters, smell up to around a hundred meters, but they can hear across the entire ocean basins.” The research concluded that sound “is very important in the marine ecosystems, and noise is pervasive, affecting animals at all levels .” The increasing cacophony in the marine habitat is interfering with how marine animals respond to various survival...
8 comments
Read more

Carbon dioxide to Make Jet Fuel, Study Reveals

Photo Source: twitter.com Aircrafts release a lot of carbon dioxide in the atmosphere which contributes to climate change. A research that was conducted by Science News and reported on December, 22 2020 stated that there was a new iron-based catalyst that has been invented to convert carbon dioxide into jet fuel. It is only a matter of time that carbon dioxide pumped to the atmosphere by planes could be sucked and used to power the same. The air travel’s footprint in carbon emissions could be tremendously curtailed, if the carbon dioxide that is released is recycled to generate fuel. As per Science News reports, Air transport contributes to about 12 percent of the entire transportation carbon-related emissions. Unlike cars, aircrafts cannot carry bigger batteries which can be run on electricity generated from wind or solar panels. The current breakthrough in the conversion of carbon dioxide to fuel involves cheap ingredients such as iron and transformed through a single s...
3 comments
Read more

Why Mt Kenya Leaders are wary about Change of Guard

As 2022 succession battle gains momentum in Kenya, leaders drawn from Mt Kenya region have become more concerned of their political future and survival. Mt Kenya region is predominantly occupied by the agikuyu, ameru and aembu communities. The region has produced three out of the four presidents. It boosts about the tyranny of numbers, thus making the region a battle ground for leaders from other region seeking to succeed President Uhuru Kenyatta.  Central alone produced Mzee Jomo Kenyatta, Mwai Kibaki and Uhuru Kenyatta as presidents. The only other Kenyan president drawn out of the region was Daniel Arap Moi. In the recent past, the region has gone against the tide of State operatives as a sign of revolt over what they term as negligence from the government, despite electing one of their own to the much coveted seat.  Deputy President William Ruto has taken advantage of the brewing rebellion through making serious political forays in Central and its vicinity. ODM leader Rail...
Post a Comment
Read more