Kenya’s economy is in trouble despite denials by the State and local IMF experts

NAIROBI: The economy is doing badly: every Kenyan knows that. The government has mismanaged the economy since May 2013: only Jubilee honchos deny this. Mismanagement is part of camouflaging corruption: any Parliamentarian who has read the Auditor General’s reports covering financial management in government will confirm this. A rescue plan is needed to turn round the economy: the government talks about this but offers no concrete plan. The government, lacking a road map towards turning around the economy, has resorted to putting good money after bad money: this it has done by taking money from our pockets through unfair taxation and hoping it will use this money to pay its debts.

Under our specific situation, that is voodoo economics. Let me explain all these phenomena as follows.