02 Dec Okoa Uchumi
Never before has the country witnessed such a spectacular mismanagement of the economy. Kenya’s public debt has touched a high of Sh8.4 trillion and is quickly racing towards the Sh9 trillion ceiling as the government chalks up more borrowing in its fight against Covid-19. Kenya is teetering on the precipice of a financial collapse and it might soon experience difficulties in servicing its loans as the economy crumbles.
There is absolute incoherence and inconsistency in the public policy priorities. From a glitzy manifesto that has been honoured more in the breach than in the observance, to the Big 4 Agenda, the Nairobi Regeneration Team, the Anti-Corruption, we are all over the place, and are now consumed by succession politics.
All the while, the material conditions of our people are worse than there were during independence because of these baronial elite’s largesse and plunder of public resources.
KLM is determined to change this trajectory by spearheading commissions of Inquiry, on the public debt incurred since independence and will hold a convention to chart a new economic blueprint for the prosperity of Kenyan people.