One wonders for what are the billions in the Coronavirus Fund, how are the funds being spent? picture this; government is not providing any relief food to the poor ij the slums other than a very few households who got sh.2000 via Mpesa. Government is not paying medical bills or any costs relating to quarantine. Thousands of Kenyans who were stranded abroad were evacuated at their own costs. Hospitals have not been given any extra funds, no masks or PPEs given out, nothing ! So, for what exactly are the billions for?
Gatundu South MP hon Moses Kuria hinted that the funds are being channeled to individual pockets and Uhuru was so mad such that he took to the press telling off critics.
The International Monetary Fund has approved Sh78.4 billion ($739 million) emergency loan to help Kenya cushion its economy from the shock caused by the Covid-19 pandemic.
According to Reuters, the IMF said that it stands ready to provide policy advice and other support if needed.
So far, Kenya has 582 Covid-19 cases, with two key markets in its two cities having been put on lockdown to curb the spread of the novel coronavirus.
“The impact of COVID-19 on the Kenyan economy will be severe. It will act through both global and domestic channels, and downside risks remain large,” the IMF said in a statement.
“While the authorities have taken decisive action to respond to the pandemic’s health and economic impacts, the sudden shock has left Kenya with significant fiscal and external financing needs.”
Besides locking down Nairobi’s Eastleigh and Mombasa’s Old Town busy markets, Kenya has like many other countries suspended commercial flights in and out of the country, placed a partial lockdown on the Nairobi Metropolitan Area and four other regions hit by the virus.
Public gatherings and a dusk-to-down curfew have also been imposed, dealing a blow to vital social activities that contribute to the economy such as weddings and night businesses such as night clubs.
Kenya’s Treasury Cabinet Secretary, Ukur Yatani, projected that the economic growth would decline to 2.5% but may still fall further down.
The economy in 2019 grew by 5.4%.
Anonymous says
IMF does not give money for NOTHING! There are tons of toxic strings attached to every cent that the IMF doles out!
Apparently, the very imbecilic, violent, and tribal black Africans who have captured most African governments do not seem to grasp that white capitalists do not give free handouts, particularly, to black Africans; unless you have something these folks are are interested in taking for pennies!!
What does IMF want from Kenyans for these funds? Do the ruling Kenyan imbecils have any clues?
Kenya is under the tight control of some of the most violent and brainless fools who call themselves “cartels”! These cartels are efficient killers of fellows unarmed Africans without any justification at all!!
White folks do not give free handouts,!!! Greed for foreign cash has made Kenya lose its sovereignty to the foreign DEBT COLLECTORS with Kenya having nothing to show for it!
IMF is one of these debt collectors!
Anonymous says
Kenyan leaders and their foreign associates are hellbent on locking poor Kenyans due to foreign imported COVID-19 pandemic!
WHAY THE KENYAN and Their associates do no talk about is THE DEADLY TOXIC WASTE IN DANDORA a few miles from the Nairobi City Center and the filth that are called slums around Nairobi where these low IQ venture out to look for votes every five tears!
Quote
One of the largest unregulated landfills causing serious health issues at few kms away from top international agencies like UNEP
Dandora dump is a sprawling dumpsite, over 30 acres, in the heart of the Nairobi slums of Korogocho, Baba Ndogo, Mathare and Dandora. It opened in 1975 with World Bank funds and was deemed full by 2001.
Unquote
https://ejatlas.org/conflict/dandora-landfill-in-nairobi-kenya
Why would these local and international CABALS be urgently concerned about HEALTH issues associated with COVID-19 while simultaneous funding and participating in the duping of the TOXIC WASTE in DANDORA which endangers the lives of the same population whose health they pretend to be very concerned about??
Similar known European electronic dumping ground is ind Ghana: “The E-Waste Mega Dump of Agbogbloshie, Accra – Ghana”! Ghana used to be called Gold Coast because of gold found there!
Apparently, the western powers take the precious African raw materials and brings in tons of their toxic waste dumps in exchange!! No African leader sees anything wrong with this!!! And they would want to kill anybody who dares to bring this to light!!!!