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How the new loan model is daylight theft

Wiper leader Kalonzo Musyoka and and Martha Karua of People’s Liberation Party address a press briefing in Nairobi, on July 31, 2025. [Collins Oduor, Standard]

The Opposition wants Parliament to halt President William Ruto’s securitisation financing model, terming it unconstitutional since it was done without parliamentary debate or approval.

Led by Azimio leaders Kalonzo Musyoka who is also Wiper Democratic Party leader and Martha Karua of People’s Liberation Party, they said introduction of Special Purpose Vehicles (SPVs) in the securitisation approach was allegedly meant to conceal government’s criminal operations.

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