President Uhuru Kenyatta has contracted a team of seasoned dowry negotiators to help secure Kenya affordable loans in the midst of the ongoing debt distress. Speaking after the Labor Day celebrations, President Kenyatta said that the high interest paid on loans had become a threat to the national security, hence the need to ensure new […]
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 […]
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 […]
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 […]
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 […]
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 […]
Comrades have been asking, and we are obliged to answer. At a time when existing loans are being turned into grants, how can you turn your HELB loan into a grant? Until the other day, this was almost impossible. However, the Building Bridges Initiative has changed the story. You can now turn your HELB loan […]
As Kenya’s Debt to GDP Ratio approaches an astronomical figure of 1981%, the government is taking all the possible steps to deal with the cloud of debt that now threats every shilling earned in Kenya. Recent suggestions put forward from the Treasury in collaboration with the church leaders will see the Lord’s prayer revised from […]
The Export–Import Bank of China has opened a Fuliza credit facility for the Kenyan government in a move that is meant to help the government of Kenya deal with short term cash crunch. Speaking during the launch of the service, the China Exim Bank spokesman said that this move will help cement the position of […]
The current president of Kenya has recalled the former president in an attempt to fight the growing national debt. The announcement was made during the Public Debt Management Workshop that was held in the capital of Nairobi, where stakeholders were brainstorming on ways to reduce the overgrowing government debt. The former president who will be […]
