Governance Sports

Kenya to Repay Loans with Athletes’ Gold Medals

Kenya in a radical new suggestion is exploring possibilities of paying its high loans by collecting all the gold medals ever won and paying IMF with it. “We are unrivaled in the gold medals won…. Those medals are just not things for decorating bedrooms, they are national treasures.” Kenyan officials think all the Gold medals

Read more
Economics

Kenya to File for Bankruptcy

Kenya is set to become the first country in modern history to file for bankruptcy after the interest accrued from current loans exceed the revenue collected by the government. The situation means that by 2022, all the revenue collected by the government will not be sufficient to pay the interest from the existing loans, leave

Read more
Economics

IMF Under Pressure Agrees to Take Brookside Dairy as Collateral for GoK Loan

Kenyans on Social Media have successfully forced IMF to use Brookside Dairy as a collateral for the loans they are about to lend Kenya. Following thousands of appeals on their Social Media page, IMF said that any money they lend to Kenya will be secured using the dairy processing firm owned by the president. Should

Read more
Education

HELB to Forgive Student Loans for all Non-performing Degrees

The Higher Education Loans Board (HELB) has announced that it is willing to forgive any student loan issued in the past if one can prove that the loan never helped them. This is the first time that HELB is taking a conciliative tone to the war on loan defaulters. HELB noted that there is no

Read more
Governance

Man who Received Free Tuition, Food, Boom and Ready Job Wants Graduates to Pay HELB Loans Quickly

A local old man has expressed his frustrations with the Kenyan graduates after it emerged most of them have not been paying their HELB loans due to the prevailing tough economic conditions. Terming it as the sure sign of irresponsibility by the recent graduates, the man said that he doesn’t understand why these people don’t

Read more