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Government must stop mortgaging the country

Kenya’s debt

Domestic debt drinks up nearly half of all the tax revenue collected in the country.

Photo credit: Shutterstock

Economy • The Kenya Kwanza administration should stop mortgaging the country using “fake creative economics in the name of loan securitisation sourced from, say, the almost Sh10 additional levy on fuel per litre”, says Taabu Tele. “The leaders must outgrow their cheap and populist governance with slogans and stop securing loans using taxes as collateral.” His email address is [email protected].

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