Indebted: Kenya’s Journey to a Debt Crisis Part 1 – The Men in the Arena
Kenya’s economy is in serious trouble. The country’s leadership has just pushed through parliament a budget that is driven by the need to collect as much tax as possible. In fact, the government target of 3.6 trillion shillings in the 2023/2024 budget is 1.5 trillion shillings more than the 2022/2023 budget. This speaks of the desperate situation that Kenya is in. But Kenya’s debts don’t come from thin air.
This story breaks it all down. It is a story of at least a decade of mismanagement of Kenya’s loans, shocking corruption and debt dependency that has led the country to this point told by auditors, analysts and insiders.