In line with the boiling frog analogy, is Kenya headed for a debt default? This is today’s unsaid question for the Kenya Kwanza administration after the Finance Bill 2024, then pro-accountability, protests. It is only the other day that the Supplementary I Act was signed.
Yet all we are hearing is Broad Based Government this and that. When, last Friday, appointments were the news, it was as if, like the legend of Nero’s Rome, our leadership fiddles as Kenya burns.
Because on the same Friday, the last of the Big Three pronounced itself on our great country. S&P Global Ratings lowered its long-term sovereign credit rating...