Senegal Debts and Kenyan Lessons
Kiharu Member of Parliament, Ndindi Nyoro, has raised concerns over the growing public debt in Kenya, drawing lessons from the recent financial turbulence in Senegal.
Taking to his official account, Nyoro noted that upon assuming office, the current Senegalese government led by President Diomaye Faye and Prime Minister Ousmane Sonko discovered that the previous administration under President Macky Sall had secretly borrowed around $13 billion in “off-the-book” loans. This meant the amount was not included in the country’s mainstream debt records.
Tags
Politics