Tag: Ukur Yatani
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Two Totally Different Messages Emerge on the Same Day Over the Health of the Kenyan Economy
Kenya's Treasury Cabinet Secretary Ukur Yatani provided parliament with an upbeat forecast of the country's economic recovery in the post-pandemic era. Yatani reaffirmed on Wednesday his earlier projection that economic growth would remain at a healthy 6% next year and the country's ballooning fiscal deficit ...
Amid a Worsening Debt Crisis, Kenya Struggles to Finance New Infrastructure and All Those Useless “White Elephants”
The Kenyan government, like a lot of African governments, is struggling to find the right balance between continuing to pay for badly-needed new infrastructure while at the same time servicing its enormous debts for older projects -- many of which are now so-called "white elephants" that were ...