Kenyans trod to social media to bar the IMF from handing Kenya another loan
Over the last weekend, Kenyans trod to social media to bar the IMF from handing Kenya another loan. the Washington-based lender announced that Kenya would receive KSh 276.7 billion. the citizens asked the Lender to First audit the money it had loaned Kenya before approving any loan requests.
IMF loan, that will worsen the nation’s debt status – Lawyer Ahmednassir said Kenyans were ‘unfair’ with their protests, satirically, asserting the loans were taken to compensate for the currencies that the government ‘steals’ daily – He said the loans were supposed to benefit the political class and not the citizens. Endowed Senior Counsel Ahmednassir Abdullahi has sarcastically faulted Kenyans for criticizing President Uhuru Kenyatta over the overseas loans which continue to trickle in as countless taxpayers’ funds are stolen beneath his watch. as the president asserted during a radio talk that 2 billion was stolen daily.
Kenyans are complaining (unfairly in my view) that Kenya borrowed Kshs 1 TRILLION in the past 9 months…Surely what do you expect H.E UHURU to do? He has to find the Kshs 2 billion that is stolen daily by his government. The borrowing is never for US. It's for THEM.
— Ahmednasir Abdullahi SC (@ahmednasirlaw) April 5, 2021
Protest the massive borrowing that the present regime has recorded. The latest was the KSh 276 billion loan approved by the International Monetary Fund (IMF). The Grand Mullah said the loans wind up being wasted in useless triggers or dissipated by people. According to the city lawyer, the loans are never for the country’s well-being however the political group and their activities.
Worried about the country’s debt status. Kenya’s public debt as of June 2020 is short of reaching the debt ceiling which currently stands at 9 Trillion. The political faction was also to address present Kenya previously before approving any other requests.. Treasury CS Ukuru Yattani stated the figure had Kenyans shot to societal websites to decry the acceptance. Concerned Kenyans urged IMF to first audit the cash loaned to Kenya days after the institution approved a KSh 276.7 billion loan petition.
Frustrated netizens began lobbying on Friday, April 2, once the global lender declared the huge loan that violated Kenya’s debt scenario. The Internet protests hit a crescendo by Monday, April 5, as many Kenyans were still camping at IMF’s social networking pages for a third day, questioning why it was giving loans to a country that is already sinking rapidly in debt.
Kenyans have said there is an urgent need to decrease urgent debt needs, that would burden the taxpayers. Kenyans complained about loans that have seen the current loans stand at KSh 7. 2 trillion representing 65.6percent of the country’s GDP.
Kenyans have vowed to stop the loan by signing a petition.
PETITION TO THE IMF TO CANCEL THE KSHS. 255 BILLION LOAN TO KENYA. Do you agree?
in other closely related news. The deputy president William Ruto was barred from attending a hotel meeting where they had plans to address the country on the state of the nation.
president HE Uhuru Kenyatta and his deputy William Ruto.
The attendees of the meeting were flushed out of the Social House in Lavington for failing to adhere to the COVID-19 regulations. As per a press invitation seen by Topnewsupdates.co.ke, the Tangatanga brigade was to address the Nation’s debt crisis and remark on the contested International Monetary Fund (IMF) loan.]
State Of The Nation:
Tanga Tanga faction holds briefing on curfew, IMF loan. @murithi_kenn with more details #NTVAtOne pic.twitter.com/uXSWOYRKiB
— NTV Kenya (@ntvkenya) April 5, 2021
The meeting was also to address the crossing of the five counties where the MPs of the locked constituencies sought to address adverse economic activities to traders and more so the small-medium enterprises. Denis Itumbi cried foul play because they had alerted the police over the meeting and social distancing was observed.
POLICE stop Press Conference by MPs from the Disease Infectected Zone (DIZ) initially scheduled to take place at The Social House, Lavington Nairobi. MPs & Media ejected from hotel. Terming the Survival and Livelihood ISSUES -HIGH PRIORITY – MPs roll out presser at ROADSIDE
— Dennis Itumbi, HSC (@OleItumbi) April 5, 2021
written by Kinyua man
kinyua man is a novelist, poet, motivational writer , news author and academic writer.
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