The Eurobond controversy has refused to go away.
This is despite the government giving all manner of assurances that the country is doing well financially.
The topic which has been on the lips of many Kenyans, on and off social media platforms, has been one seeking answers which have not been forthcoming.
In an editorial cartoon in one of the newspapers, Kenyans feel that the money which was acquired from the floatation never served the purpose it was meant to.
— The Star, Kenya (@TheStarKenya) October 28, 2015
Consumer movement Cofek also weighed in bringing in a spin on the burden the country was taking on.
Questions abound over the controversy but no satisfying answers, from the government or Treasury for that matter, seem to be forthcoming.
— Michael ORWA IV. (@Sangodala) October 19, 2015
— AM Live (@AMLiveNTV) October 26, 2015
Some members from the opposition have sought to enlighten Kenyans on the impact:
— Ken Okoth, MP Kibra (@okothkenneth) October 21, 2015
And some advice which should have been considered in making Kenyans bear the burden.
During an interview on KTN on Tuesday, Finance CS Henry Rotich was at pains trying to explain how the money has been spent. He said most of it has gone into development projects. Kenyans feels that ‘development projects’ is a guise to misuse taxpayers and their hard earned money to support the lifestyles of corrupt but well connected officials.
At the same time, Rotich said that devolution was taking a lot of the resources as it was expensive to implement. He also decried that the Kenya Revenue Authority (KRA) was not collecting enough as there were still many loopholes which needed to be sealed.
Bank interest rates are at 27% and Rotich is sugarcoating the crisis. Kenyans aren’t fools. Why is govt borrowing locally? #AskRotich
— Muiru Paul (@muiru_paul) October 27, 2015
— Digital Humanitarian (@PhilipOgola) October 27, 2015
— joseph (@josephndungu986) October 27, 2015
And on Wednesday, the controversy got deeper as human rights activist Okiya Omtatah, in a letter to different personalities and government offices sought clarification over the matter. Among those addressed is President Uhuru Kenyatta and his deputy William Ruto as well as Finance CS Henry Rotich.
Letter demanding full disclosure on the Eurobond from the GovernmentOKIYA OMTATAH OKOITI &NYAKINA WYCLIFE GISEBEROOM…
A screen shot of the letter. Omtata is seeking answers on the Eurobond saga. [Photo: Njenga Hakeenah]
Already, Omtatah is gaining support for the move with those on Facebook backing him.