This is not shocking or making people awe, as the Minister of Finance Henry Rotich said the state has run out of the money. The same state that has made new positions in the cabinet, the same state has built the Standard Gauge Railway, the same state that has lost NYS Funds, lost Funds from State Owned Enterprises and so on. The same state that made the President Uhuru Kenyatta and Deputy President William Ruto vastly rich, Ritchie Rich Rich, or even Iron Man aka Tony Stark wealthy.
Kenyatta’s own companies with new expensive and big projects even building a new township in Nairobi, while Ruto continues to expand his estates, his businesses too. Both of them are wealthy and getting richer by the minute. While the state is getting more debt, getting more broke and they cannot answer for the usage of money. How convenient that the ones leading the government is having more money, while the state reserves are empty?
This same government has added debt, used on Eurobond and unleashing a second. They are really using the system, finding ways of printing money without thinking of the consequences. It is weird that a government who recently took up a new debt of 200 billion still has a deficit of 279 billion, which means the shortfall of cash without Eurobond 2.0; the state would miss about 479 billion. All of this is nightmare, but a nightmare created by the gentlemen mentioned. They knew all of this, they overspent and misused funds during the 2017 campaigns, they expanded their businesses and they spoilt the system. They we’re out of pocket, but continue to blead the economy even so.
Certainly, while the President is building his own town on someone else’s money, and Ruto is getting bigger and grander estates. While the state is suffering, someone should connect the dots, the Kenya government isn’t broke, but it is juicing up ventures on the outside of the government services. That is why the sudden deficit and why the state suddenly ran out of money. It isn’t rocket-science to put two and two together. It is only the naïve who thinks otherwise.
While that is happening, more part of the state is drained by illegal tenders, misuse of funds in the fashion of the National Hospital Insurance Fund (NHIF), as the Public Protectorate has looked into their wastage of public funds into companies like UAP Life Assurance Ltd, Britiam Life Assurance Company and Pioneer Assurance Ltd. All of them got the basis of 800 million shillings in their tenders, the wastage on these schemes are enormous. Seemingly, no place in the state of affairs, where money isn’t gone, embezzled or sort of fraud away from the possible spending on supposed government services. This bidding was done without following procedure and neither tenders public by either the accounting officers or the CEO of NHIF who certainly found it possible to spend it this way.
When you know, that is just one of the ministries, one of the public funds and one of the state service providers, you can imagine if they are doing similar acts in other places. Like the scandals surrounding NYS, where corporations and businesses never seen before and again, got tenders with ownership within the ones who allocated the funds. It is seemingly something like this again. The Jubilee cannot help themselves; they are eating of the public plate.
That is why the state has a deficit, that is why the government broke, Kenyatta and Ruto is busy eating, while the public is footing their bills. They are all laughing and giggling, while the other parts are scrapping whatever they have to pay for the services that state is supposed to provide. Peace.