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    Kenyan MP's Explosive Claim: Ruto's Borrowing Surpasses Kibaki's Decade-Long Total

    Kenya's Debt Crisis: Ndindi Nyoro Sounds Alarm Over Ruto's Borrowing Spree Kenya is facing growing concerns about its rising national debt, with MP Ndindi Nyoro issuing a stark warning to President William Ruto. Nyoro claims that Ruto's administration has borrowed more in just a few months than the Kibaki government did in ten years. "In a few months, Ruto has borrowed more than what Kibaki borrowed in ten years," Nyoro stated in a recent address. This alarming statement has sparked intense debate and scrutiny of the government's financial practices. Nyoro's claims are supported by his assertion that the current borrowing surpasses 1 trillion Kenyan shillings. He points to the government's reliance on international lenders, particularly the IMF, and expresses concern over the lack of transparency. He further warns about the potential for a financial crisis, drawing parallels to Zambia's economic struggles. "We are borrowing in a few months what Kibaki borrowed in ten years," Nyoro emphasized, highlighting the unsustainable trajectory of the nation's debt. The video showing Nyoro's address has gone viral, underscoring the public's anxiety about the nation's financial future. The government has yet to respond directly to Nyoro's accusations. This situation underscores the need for greater transparency and accountability in Kenya's financial management to prevent a potential economic crisis.

    2 months ago
    KE
    Kenya
    news summary
    debt
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