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• Kenya Faces Economic Setbacks, Currency weaken by big margin
• Infrastructure management haven’t been attended for decades
• Weapons haven’t been bought for over 16 years and Health Care is crippling with debts
In late 2022, Kenya finds itself in the midst of an economic downturn marked by a weakening currency, stalling infrastructural projects like the Standard Gauge Railway (SGR), and a decline in overseas exports. The elected leaders face allegations of corruption, contributing to empty national coffers.
Over the past 25 years, the ruling government has failed to develop infrastructure that could boost employment and promote the export of locally made products. The consequences of this neglect are evident as the country grapples with severe power blackouts, impacting crucial facilities such as hospitals, airports, and the national security system.
Opposition parties are leveraging the economic setbacks, calling for President Ruto’s resignation, asserting that his leadership has failed the people. Kenya Power & Lighting Company (KPLC) and Energy & Petroleum Cabinet Secretary Davis Chirchir are under scrutiny in public discussions. Social media is abuzz with open letters urging President Ruto to dismiss Energy CS Davis Chirchir and KPLC CEO Joseph Siror.
The country faces a daunting challenge of repaying over KSh 11 trillion owed to the World Bank, IMF, and the EUrobond from 15 years ago, set to mature on December 18, 2023. The political temperature is rising, and leaders’ decisions are exacerbating the economic crisis, leaving Kenya at a critical juncture.
