lies dormant as those that own Kenya , the Wenye-inchi not the Wana-inchi danced to the bank .
They queried the speed and energy of the construction of the new double-decker expressway that is causing untold misery to Nairobi motorists , yet the older and more crucial Great North Road creeps along at snail pace as the cartels position themselves to extort more money .
For good measure they threw in the Covid Funds that were supposed to buttress the country against the ravages of the Corona pandemic , they were stolen by the same people that the IMF was now planning to extend a loan that would only add to the Kenyan citizens ’ burden .
They poignantly pointed out that it was ridiculous that a country that is willing to blow billions on a frivolous self-serving referendum is also requesting for a loan . They pointed out to the IMF that such a loan given against the will of the people cannot be morally binding to Kenyans .
When and not if a default happens they instructed IMF to go after those who signed for the loan in their individual capacity and to make sure that no Kenyan should be required to pay for money that was lent for the personal enjoyment of a few Kenyans with political clout and influence .
The furor and debate that the tweet-storm caused must have had some effect since another curious thing also happened at the same time . The dreaded monthly fuel hike administered by the ERC which had been announced was rescinded , what was the reason ? Is the government selling fuel at a loss ?
To put the whole debt position in perspective the Kenyan debt stands at Ksh . 7 trillion that is 65 % of the GDP . The loans are supposed to create a robust infrastructure that would in turn boost economic activity and development .
On paper the development plan is sound , the argument starts to unravel when due to the extreme levels of corruption we lose crucial Foreign Direct Investment as potential investors shy away from official bribery requests or they surrender due to the lengthy and opaque bureaucratic procedures .
On the public front the cost of the projects are so inflated as to be uncompetitive . The sum total of all this is that Kenya is not an attractive business destination and the country finds that the borrowed money does not translate into enhanced production but to enrich a few superrich Kenyans .
The Chinese model of no questions asked only whets the avarice of the cartel but remember the Chinese are interested in owning the country not getting the loans paid . The KOT are savvy enough to realize that barking at the Chinese is a waste of time but they can embarrass the IMF on a moral stand .
Kenyans are getting tired of the never ending expose on corruption deals that go unpunished and the ever spiraling taxes that are imposed to enable the government bridge the huge financial gaps in the budget as a result of stolen funds .
The challenge is how to educate the Mwanainchi that he has the ultimate power to eradicate corruption by simply voting out the current political class that is bent on fleecing the country and stealing the very loans that they request on his behalf , purportedly for development .
That battle needs to get out of social media and cascade to the polling station if any meaningful dent is to be made in the fight against corruption and the huge debt burden . Think about it , if you don ’ t exercise that constitutionally given power , you may lose the beloved country !