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Posted inVideos

Indebted: Kenya’s Journey to a Debt Crisis Part 2 – The Feeding Trough

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.

Africa Uncensored Africa Uncensored July 22, 2023
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