CS Rotich’s EUROBOND Numbers DONT ADD UP, Raila was RIGHT Shs140Billion ‘STOLEN’

By Jacob Juma

Fellow Kenyans, numbers are stubborn indeed. I am very happy about CS Finance, Henry Rotich’s press release yesterday.

Indeed, the minister has confirmed my fears that sh140 billion Eurobond money was stolen. Please see page 17, annexure 11, table 2 on FINANCING. Check Net local borrowing. The figure shows sh110.6 billion as local borrowing instead of the actual sh251 billion.

That is, they have hived off sh140 billion from domestic borrowing to balance their EUROBOND account. All that CS Rotich has done is to give numbers without responding to the letter by Rt. Hon. Raila Odinga. We need statements and evidence, not figures.

Finally, it will be hard for them to prove projects financed by sh250 billion in a single year. Please see tables below from his statement yesterday on domestic borrowing and the quarterly FY for August this year.