Hunt for thieves in debt register

Ukur Yattani

National Treasury Cabinet Secretary Ukur Yattani during the launch of the budget preparation making processat KICC on September 12, 2019.

Photo credit: Diana Ngila | Nation Media Group

What you need to know:

  • Independent audits of external debt registers of several African countries have revealed large hidden and unreported loans.
  • Kenyans could be quite exposed and vulnerable to hidden external debts in our records as we do a very poor job at recording and reporting external debt data. 

Parliament should demand a thorough and independent audit of our external debt register before approving any more increase to the public debt ceiling, now at Sh9 trillion.

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