INDEBTED: Kenya's Journey to a Debt Crisis [Part 1: The Men in the Arena]
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- čas přidán 29. 06. 2023
- Kenya's economy is in serious trouble. The country's leadership has just pushed through Parliament a budget that is driven by the need to collect as much tax as possible. In fact, the government's target of Kshs 3.6 trillion in the 2023/2024 budget is Kshs 1.5 trillion more than the 2022/2023 budget. This speaks to the desperate situation that Kenya is in. But Kenya's debts don't come from thin air.
This story breaks it all down. It is a story of at least a decade of mismanagement of Kenya's loans, shocking corruption and debt dependency that has led the country to this point told by auditors, analysts and insiders.
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![INDEBTED: Kenya's Journey to a Debt Crisis [Part 2: The Feeding Trough]](http://i.ytimg.com/vi/ZJamDaDTuGE/mqdefault.jpg)
![INDEBTED: Kenya's Journey to a Debt Crisis [Part 2: The Feeding Trough]](/img/tr.png)
John Alan Nyamu has remained objective and focused unlike his comrade Jicho Pevu
I have great respect for Allan Namu,a brave and patriotic Kenyan who dares give us the truth but Kenyans will listen and turn a deaf ear to everything and later keep crying,so we are in this together we are to blame,choices have consequences we vote with our emotions we are still being colonised by own very own brothers and its sad.We are never free.
We had criminal elements ruling government and as if that was not enough, Kenyans shafted themselves a second time last year. A country deserves the leadership it gets until it learns its lessons.
Same people, same ideology, same way of doing things since 2013
@@AnalystTosh exactly our rot started in 2013
What is this "had" business boss? Crimminal elements have been running kenya since 1963. They just change their names.
@@josephotunga9608Wrong. The rot began in 1963.
We still have the criminal elements. They never left.
It's shall be live and televised!
To Africa Uncensored, when you make a series, please label the captions as Part 1 of Xx so thag we know how many parts are there in total.
YT algorithm brought this to my frame.
I have watched all the 3 episodes and I am really impressed with the kind of investigative journalism. Engaging, Informative...... Hats off to all the Africa Uncensored team.
So as Kenyans, it can be summed up that we are reaping the bitter fruits of the decision of the few elites in the government from a while aback. The depravity of the human heart and the sinfulness of sin is clear as day.
Oh! How I pray for righteousness to prevail in this country. Proverbs 14:34. “Righteousness exalteth a nation: but sin is a reproach to any people.”
kimani ichungwas whataboutism when you asked him if he had ever set his eyes on the SGR contract speaks volumes, talk less of his body language. He chaired an important committee in the previous govt which he blames!!!! Incroyable!
Kenya will go down it’s just a matter of when not if
Kibaki is the best president we will ever have 😢
Never have we had best president 😂😂 do your research well
@@dashpetzone108 Best doesn't imply excellence. Just like the tallest pygmy doesn't have to be tall.
He is the one who started our debt spiral, I mean Moi had debt too, but it balloned significantly under Kibaki. People just don't like talkign about that. The reason why Kibaki is praised is because we had a "multi-party" moja. We went from having one party in power , to a coalition of parties in power. So isntead of one corrupt party ruling, we know had several corrupt parties ruling.
I forgot that Kimani Ichungwa was deeply involved in "oversight" of the SGR....he's always been part of the problem, no wonder he works extra hard to sanitize himself and pretend otherwise today nkt.
the uhuru regime really destroyed this country his recklessness and sheer economic madness will haunt this country for the next 50 yrs. God help us
'Kenyatta' ...that name is a curse upon Kenya from independence to this day and a curse that shall be upon Kenya for centuries to come.
We had five expensive elections during his times.Kenyans are equally responsible.
You are crying for uhuru? 😂😂😂😂😂 that is just breakfast wait for the supper by real conman who swindled the money during Uhuru’s reign who is now in power.
@@johnosumba1980 that’s an immature comment. You and your children are part of the hard living. People like you think saying it’s someone else’s responsibility and problem will give you a good night sleep. We spent years on end in stupid politics as a country in whole. We will need more debt to pay for less production. I mean if you spend a whole month bickering in the market instead of going to work you will feel the financial strain coming in. That’s Kenyans
@@johnosumba1980 personally Raila being quiet during the second term when money was stolen really makes me as his former support really happy that he is not the president and he will never be. His hypocrisy and change of tune shows his greed we thought he was different until he supported Jayden. Akwende
wengi watavunja redio zao, wengine watavunja televishen, they will not believe!!
😅😅😅😅😅😅
Jimi Wanjigi - a wheeler dealer now masquerading as a white knight after being locked out of power circles. Much like one Jacob Juma.
Dude was not a GoK employee under Kibaki so what business did he have negotiating a railway on behalf of the Kenyan govt ?
Let’s see whether you’ll puke the same in the next 6 months
💯 Allan, you are a true patriot
John-Allan Namu is a top notch investigator, am proud of of sir.
Volume please
Someone said choices have concequences. Watu wakacheka.
Why is Patriotism not in our leaders and generally our public. Why can't we love our country surely. If we could have loved our country then we can't steal
A Kenyan working in the IMF said that while Asian countries when seeking to borrow loans send their best minds to ensure they get the best rate, African countries delegations could be least bothered! 😢😢😢
How does it feels to work for the biggest vampires in the world? You take home the blood of you victims to have it for breakfast with your family?
Kenyan presidents create offshore accounts where significant portions of syndicated loans will be deposited for personal benefit yet all Kenyans will service the borrowed amount in their entirety
@@philipotenyo8236 it's not just presidents, the entire Kenyan political class is investing offshore like there's no tomorrow...
Et voilà the reason as to why the high cost of living in Kenya 🤔
Top notch investigative journalism. Something I wish mainstream media would adopt.
That's where you go wrong, expecting anything but drama & gossip from mainstream media😆😆
Mainstream is owned by the same people being investigated
Kibaki left us with 6 trillion debt hole. The mess in debt management started with him
Excellent job, John Allan. Keep them coming.
Uhuru and Ruto should just pay the surplus from the initial cost of what the project cost
Funny thing you put Ruto in it . When Ruto was the DP 2017/2018 FY GOK had a deficit of 560 M . When Raila and Matiang'i became the DP the 2018/2019 FY defit became 720B so Ruto was the one stopping this theft and this caused him to be removed from GOK in 2017 even before election.
@@alphaxardkimotomwangi1505 During Jubilee regime from 2013-2022 Uhuru was the president and Ruto was his deputy. Secondly Kenya's constitution has no room for 2 or 3 DPs as you are trying to imply. The DP was Ruto and only Ruto. Whether he was effective or not is a different subject.
@@alphaxardkimotomwangi1505Kalenjinga, who created a 120 billion debt between 12.2022 and now?
@@kip1052 First I am not a Kalenjin. Anyway .Let me inform you with public information. GOK should borrow as indicated and passed in the budget(Appropriation Act).2022/23 GOK uhuru's budget proposed 1.1 T borrowing , GOK under Ruto borrowed 800B .So Ruto borrowed 300B less than Uhuru proposed. Come with same insults if Ruto borrows more than the budget allowed or allow in this FY.
Thank you, Allan. May God keep you safe as you keep going.
came herer after the 25th protests
Thanks for doing the Lord’s work John Allan
Githeri media with all their resources cannot deliver anything close to this. Kudos Alan!
Allan Namu for the win with this masterpiece series
Great expose. It is very sad how things have turned out.
Great reporting
WELL ARTICULATED thank you.
Wow. Just wow I'm so proud of John Alan Nyamu and highly indebted to his respondents who did their best to participate and provide us with useful information.
Watching this is bittersweet, the journalism is eye opening, but the problem still persists.
I am excited about the truth being showcased but what next?
if thika road cost 35 billion dollars, with 9 trillion in debt we should have a thika road to mombasa, kisumu, busia , lodwar, marksabit and wajir nad lamu
A KM ot Thika Road cost 350m in 2012. Uhuru's KM cost 1.6B in 2013.
Good video
Kibaki will remain our best President ever despite all. There were very minimal interms of corruption, most of the government institutions were swiftly working and served the members of public.
Part 2 ya hii series haitoki. I had been eagerly waiting
Part 2 comes out this Friday. New episodes drop every two weeks. Pole for the long wait :)
@@john-allannamu7227Thank you. Looking forward to it
Some of this people are painful to listen to.only person that makes sense is kwame owino
Uhuru messed us up.
😂😂😂😂you are crying for Uhuru’s which was just breakfast, what will you do for the real thief in power now?
@@johnosumba1980 The thief you're speaking of has been in power for less than a year.... let's wait and see.. We all know who the real thieves are
Then why has Ruto borrowed more than Uhuru borrowed over the same period under his regime. Ruto is lying to you that he is hardly borrowing yet in the 7 or so months that he has been in power, the debt level has risen by Shs 1 trillion. Projected over one year, that rate of borrowing will lead to Shs 2 trillion in one year. Over the next 5 years the debt level could easily rise by another Shs 10 trillion. Kenya has not witnessed such arise in the country's debt level since independence. Stop sleeping like a sloth. Wake up and be aware of what's going on in your surroundings.
@@georgeodhiambo598 My friend dont blame Ruto for the economic problems we are are currently having. How do you explain 5 trillion in 5 years? Blame the handshake brothers
@@edudev2975 there was no handshake government, stop lying to yourself, during uhuruto 10 year’s government most debt were acquired in the first 5 years (sgr loans, 2 Eurobonds, loans for galana kulalu irrigation, loans for dams in rift valley) so don’t think we are so stupid like you who has always voted for failures. You voted uhuruto three times and then you vote Ruto now thinking you are clever? You are still ignorant and stupid and should not be allowed to make any choice on voting leadership.
0:25 we missed that voice and it’s just less than 1 year.
Real debt is 300 trillion shillings and interest is 30 trillion shillings in dollars denominations. More poverty more inequality and rampant corruption. Thats your serekali kikuyu and kalenjin nation
300T? You really watch so many Indian movies,,don't you?
Jaba 🌿
Kitawaramba ...former jubilee and current kenya kwanza
I would say, when I watched the two episodes, Former President and the govt from 2013...to date must have a case to answer. Plus legislature ( senate and national assembly).
...and people think that the international banks and lenders care about our development, there's always some something that does add up.. I bet they celebrate when they find corrupt shady presidents
Can never forget the words of my High School teacher in 2010 (was turning 18)...he told us to vote against new constitution cause it wasn't meant for Kenya... looking at it only a few have benefited most.
The constitution is not the problem, implementation is.
What's the problem with the 2010 constitution?
Your teacher was very stupid, excuse my candidness
@@georgeodhiambo598 the expense of governance and duplication or roles skyrocketed expenditures. Institutions that were meant to bring sanity on embezzlement were watered down.
@@chomasensi exactly my point it was sold as something that would bring prosperity to the people but all it did was to create more opportunities for the elites
Uhuru messed up Kenya with Odious debt. He was in the finance industry so he can't claim he did not understand. They were in it. Even Wanjigi might have had a history of this kind of dealing and was bitter that they cut him out. Many were in this though including foreign advisers. Surely Rao did not mention this at the time speaks volumes.
And what's your obsession with Raila in aid of? Does a fact only become a fact if Raila mentions it? In what capacity would Raila have been expected to mention it? The runner up in a Presidential election has neither a constitutional mandate nor facilitation. So hold the two top Executive thieves and the incompetent horrible MPs you have been electing since 2013 accountable. The Executive arm of the Govt does the stealing while the Legislative arm responsible for oversighting the Executive is in bed with the it. The problem lies with the way in which you vote. Don't try to hide behind Raila for your poor judgement.
Strengthen and rely on strong institutions, rather than individuals, for sound governance.
uncovering the truth
100k mark🔥
Kenya kwanza walitudanganya
@evangelinewangari1124
Please elucidate vile UDA walitudanganya? Generalising without facts is just that, generalising😊
@@raanajak471 ni wapi walisema wataongeza ushuru?
Bei ya petrol imepanda
Bei ya unga bado haijashuka.
Finance bill ilipitishwa licha ya kila mtu kulalamika.
Niendelee ama nisiendelee?
Mtu wa uda tunakuona 👀👀
@@evangelinewangari1124
My sister, u need to look at this from an International angle. Doesn't look like you can. Maybe Baba should've been incharge, and wave a magic wand?
Kenya has no choice. You are lucky u have a president who can see far and how to rescue this economy which was already in the ditch when he took over! External forces the economic path Kenya is taking. Apart from madeni, the global economy is in the same "trouble". Time to pay madeni has coincided with international forces...Covid, Russia's Ukraine invasion after effects etc.
Don't even answer him. Tùgege huwa hivyo. Wao hawadanganywa, whereas the entire heist of power was based on 💯 propaganda.
The Jubilee duo did not have a clue about what an economy is and how to manage it. The Euro bond was totally unnecessary; it was just procured because of advice by interested parties (financial brokers ) who were to benefit by managing/consulting for the proceess.
Borrowing for no clear purpose, consequently we do not know what was done with the money but we have to pay. One consequence of too much borrowing is stealing and waste.
Lie to yourself in 2017/18 FY when Ruto was DP deficit was 520 Million Ksh . When he left and Raila and Matiang'i became the defacto DP the 2018/19 FY deficit jumped to 720 Billion Ksh.
Then somebody asks where do you want the gov to get revenue from?
Ishu/chungwa is so clueless
In 2017/18 FY when Ruto was DP deficit was 520 Million Ksh . When he left and Raila/ Matiang'i became the defacto DP the 2018/19 FY deficit jumped to 720 Billion Ksh. NASA came in to help Uhuru and family nasa Kenyans , most important increase debt ceiling. Now they are on the road misusing Kenyans to steal more even those not in parliament to vote against the Finance bill.
The precepts of electing him was he is so rich he won’t mismanage public funds
Tears in thy 👀…😂
True
This is serious
Why is no one in Jail yet??
Thuge was in previous govt and is in this govt
Is there something we don't see
Everyone both in opposition and in government have been in the previous gvnts that brought us here ,thats why no none will talk about it, wanjigi playing saint today yet he was a trnderpreneur in one of the largest scandals in this country, all mps who have been serving in parliament since kibakis era failed us because they are supposed to be the stop gaps, they have the power to impeach a president
@@williamwatitwa3534Where are you picking your "Opposition" thoughts from? I have stated this several times but let me repeat it. There is no opposition and there isn't supposed to be any. Secondly even the so called "Opposition" is in "Government" by way of being members of 1 of the 3 arms of Govt. Stop confusing the Executive with the Government! Every MP and Senator is in Government. What they are not is being members of the Executive.
@@georgeodhiambo598 when i say opposition i mean those not in. Government and not holding any elective positions i dont know what govnt constitutes .thats why I said our mps are the main failures , those in previous parliaments that actually oversaw all the madness without doing a thing. Executive can do nothing without parliament, and if push comes to shove parliament can throw out the executive. Sadly they never use their powers to gurd the interest of the country.
@@williamwatitwa3534basically that is how you lie to yourself for having made a wrong choice and expect someone you never chose and have no power to correct for you your mistake. Shame on people like you 60 years down the line Kenya is still a dirty third world country.
@@williamwatitwa3534 No, your line of thought is just becoming foggier. Would UDA politicians who are not holding elective positions be "Opposition"? Are Azimio politicians not holding elective positions be "Opposition"? There is no such thing as "Opposition" within the framework of 2010 Constitution. It is neither envisaged nor defined, nor established nor facilitated. It does exist. It is a psychological carryover from the repealed independence constitution.
Great work John as always!
When are you dropping part two?
In two weeks
What is lacking in Kenya is serious voter education.
Keep it up bro even okiyah omtatah and Jimmy wanjigi were nowhere near what you have exposed
It is not a competition. It 's time we said "enough is enough" and forget that kenyan/ African nonsense of Accept and move on, Mungu ana waona and speak up, name and shame them and finally take action. Africans can't continue living worse than animals in the 1st & 2nd world going around begging while a few are stealing billions ruining the future of our children.
IMHO It's basically all the same expose.. corrupt leaders colluding with international partners in crime..Wait for Jimmy Wanjigi's court case for the breakdown and shock.
Uhuru Kenyatta has caused unfathomable poverty that will have a tremendous effect on many generations, when are we ever going to hold him to account for this atrocities?
expose after expose 😊😊
If Jimmy Wanjigi was handed that contract to Build the SGR, I'm sure no railway would have ever been built
For you just need to wake up
Telling: no audits. No PIC oversight or knowledge or insight into contract. UMK messed big time.
Ichungwa crying foul and yet these things anaraise angesema io time... no accountability
Did it expand our economy? I doubt. The Kenya Shs. is lossing value to tanzanian and ugandan
Very true bro,the busia governor spoke about it a few days ago.if you check the recent exchange rate ksh against ug shilling we have really dropped massively
the auditor general of that time cant even answer a simple question.... OMG
Raila and his cows uses cynical manipulation to the poor Kenyans 😮
In 2017/18 FY when Ruto was DP deficit was 520 Million Ksh . When he left and Raila and Matiang'i became the defacto DP the 2018/19 FY deficit jumped to 720 Billion Ksh. NASA came in to help Uhuru nasa Kenya.
@@alphaxardkimotomwangi1505 unbelievably untrue.
Spewing lies.
@@simplyr7649 My brother just cause you do not like historical facts does not rewrite them.The 2017/18 and 2018/19 budgets are public documents that you can get from the source of your choice. You can even get it from Uhuru's Media max . It will indicate the same deficit for both. Kenyans do not read. NASA and Jubilee affiliated Mps increased the debt ceiling in 6th and 20th Nov 2019.
@@alphaxardkimotomwangi1505 ...come 2023...Kenya Kwanza affiliated Maps also raise the debt ceiling to 11B... hardly one year into government...same script same forest (similar to related monkeys)...
@@wilbronendege5273 My brother borrowing is not the issue as long as it is within the budget(Appropriation act) and is used for development as dictated by PFM act. Uhuru's GOK wanted to borrow 1.1T in 22/23 FY Ruto reduced that to 800B the same amount he is borrowing in 23/24 FY. If he borrows more that the budget deficit he will be wrong if within no problem. Cumulative approved deficit for Uhuru was 4.5T he borrowed 16T(7 paid +9 outstanding). Only 3.6 hit the economy for project like the useless BRT, Green Park, Uhuru Park, Kasarani car park, L. Victoria Ship Yard and road built at 1.6B a kilometer in 2013 while just 2012 Thika Road cost 350M a kilometre.
Someone help me here, who is a thieves here UHURU OR RUTO OR BOTH?