Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Kenya; we’re prisoners of our own culture of stealing

NAIROBI: No matter how you look at it, something is amiss in Kenya. Corruption appears on a resurgence of epic proportions. We hop from one corruption scandal to the next, none of which ever proceed to any judicial conclusion. In recent weeks, debate on whereabouts of the Eurobond billions and the effect (or lack thereof) on the economy, has reached fever pitch.

The Controller of Budget, on her part, revealed that the monies were deposited in an off-shore account over which she had no power; nor did she approve the use of Sh53.2 billion for a loan repayment. At the same time, the economy appears to have experienced a dramatic downturn: the cost of living remains oppressively high for the average Kenyan, forex rates have plummeted with the dollar exchanging at Sh107 at its lowest point, while interest rates have continued to rise.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902

Follow The Standard on Google News