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”

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