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.


You're all set to enjoy unlimited Prime content.