How multi-party politics changed Kenya's economy

Youth for Kanu ‘92 Chairman Cyrus Jirongo with President Moi before the 1992 General Election. PHOTO | NATION MEDIA GROUP

What you need to know:

  • From the Goldenberg Inquiry, it was established that the firm also diverted funds into the former giant political party’s bank accounts intended for political and election activities.

  • Mr Kamlesh Pattni, the company’s founder, with the help of political bigwigs, was able to siphon billions of shillings from the Central Bank of Kenya guised as subsidies for exports of gold.

  • As a result, the economy was destabilised and the regime found itself in difficulties.

As the longest serving president in Kenya’s history, Daniel Moi was on the list of African leaders who clung onto power against the wishes of many Kenyans.

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