Kenyan MP Slams Treasury Over Risky Loans and Pension Fund Use

Kenyan Parliament: Heated Debate Erupts Over Treasury's Financial Report NAIROBI, KENYA – June 3, 2025 – Tensions ran high in the Kenyan Parliament today as Ndindi Nyoro launched a scathing critique of the National Treasury's financial report. Nyoro, a prominent member of Parliament, questioned the Treasury's handling of risky loans, the utilization of pension funds, and significant budget gaps. His concerns have sparked a heated debate and raised serious questions about the country's financial management. "In real terms, our revenues have actually gone down," Nyoro stated, highlighting the impact of inflation on the nominal growth of revenues. He also questioned the basis for the Treasury's projected revenues, expressing concern about the accuracy of the figures used in decision-making. Nyoro further criticized the government's plans for privatization, particularly concerning Safaricom, questioning the timing and valuation in the current bear market. He also highlighted the insufficient budget for critical areas such as healthcare worker compensation. The debate highlights the need for greater transparency and accountability in the management of public funds in Kenya. The Treasury's response to Nyoro's concerns will be crucial in addressing the public's apprehension regarding the country's financial stability.