Why Raila queries on Eurobond cannot be taken seriously

A few days after Kenyans ushered in the New Year, CORD leader Raila Odinga was quoted as saying that the National Treasury had paid Sh9.1 billion to clear third installment of the interests accrued from the Eurobond loan.

He further claimed that the loan was a huge burden placed on the shoulders of the Kenyan people. There were more installments that were to be cleared as the total amount of the interests stood at Sh110 billion. He expressed dismay that this was happening at a time when the Government had allegedly failed to explain how the proceeds of bonds totalling Sh140 billion was used.