As of June this year, our public debt was 6.6 trillion shillings. Each Kenyan citizen, including those born now, owes creditors at least 139,000 shillings due to public debt.
So what does it mean when the government keeps getting loans?
Is Kenya on the verge of a debt distress?
Our latest feature, #KenyasDebtCycle digs deep into these questions seeking answers and highlighting how the appetite for foreign debt to finance infrastructure has devastated various sectors in the country.
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That Zimbabwe 472 billion dollar debt for a less than 10 billion USD budget is wrong now cmon. 472 billion?????
We went from chattel slavery to colonialism to debt slavery.
how do we owe money to the country that colonised and brutalised us?
This is sad. It has been predicted that next year 2021 will be a n economic breaking point (implosion) for Kenya… Public finance and public debt must become an important consideration for the ordinary citizen because these things affect his/her life directly.
Trying to compare Kenya with Japan is weired. SMH!
As usual 99%poor Kenyans choose 1% rich Kenyan business people to lead them then complain the economy is bad. If u drive a V8, go to the village n throw some cash, election time ul b in big business…
Kenya has suffered from a symptom based management paradigm, which mainly focuses on curing the problem symptoms rather than addressing the main causes. Taking a crisis and turn it into a tragedy.
Good stuff. Thank you for this piece of information
Debt is not problem sgr is best decesion every country Morocco south African Tanzania can make, every country needs a competitive edge or you fizzle out , Uganda, Rwandan, DRC, can get goods from Tanzania and make mombassa port irrelevant, The problem is the utilisation of debts inflated cost of projects is the problem. Tanzania will deliver goods to DRC Uganda Rwanda Burundi door step, Rwanda Ethiopia are land locked are doing better than Kenya in aviation conference s it's the vision that matters. Ethiopian has Chinese Sgr and no noises no port..Ethiopia is to set Navy army and have cargo ships yet landlocked Rwanda has dry port targeting Congo.Ghana Angola Nigeria are building sgr, it's invetiable nessary evil tell me which country developed without Rail.
When I voted for uhuru in 2012, i thought that since he is already very wealthy, he knows how to run an economy but kumbe yeye ndio mwizi. Imagine that since independence until 2012, deni ilifika 1.5trillion but from then till now he has managed to get it to 6.8trillion!!!! Aki Kenyans tumeuzwa mchana tukiona!! Now how will we get out of this deni. Im sure my grandchildren will be paying this loan,maybe even their grandkids.
Great Journalism from the African Uncensored team. May you never tire.
This program is all about the SGR and nothing about the debt cycle. I really wanted a broader macro study of the Kenyan economy.
I magine You borrow billions and employ the ones giving You loans so that the same billions go back to the lender. We paid way too much. White elephant ? . Alot of wastage. We must re think strategy..Foreign debt is too high. Corruption too high. Which way Kenya?
Even before I watch this am just sure am going to be depressed so I just leave …sitaki kukufa mapema
Kenyans biggest problem is not corruption. Its Misappropriation of funds.
31:05 wow! that is so cold!