Battling an economic recession

President Uhuru Kenyatta

President Uhuru Kenyatta during a past address to the nation from State House, Nairobi.

Photo credit: File | PSCU

What you need to know:

  • President Kenyatta may not have meaningful fiscal and monetary firepower to fight the recession.
  • State coffers are emptying just when the Chinese and Europeans expect us to repay them.

The Jubilee administration’s jobless, debt-financed economic growth has finally run its course. The near-decade of excessive borrowing, uncontrolled expenditure, mismanagement and wanton looting has exhausted the government’s capacity to secure new development financing. 

Welcome!

You're all set to enjoy unlimited Prime content.