Kenya’s Deputy President William Ruto (File image)
Photo : AP
Ruto said that he would slash the government borrowing. Notably, the contracts are not public. Cases have been lodged by some Kenyan organisations to fully disclose the deals. According to reports, Kenya owes China about USD eight billion. In the 2022/23 budget, the African country has a deficit of 6.2 percent of gross domestic product.
Notably, Ethiopia has recently restructured its Chinese debt. Meanwhile, Zambia is also looking to do the same. Ruto told Reuters, “Kenya has the capacity to handle its debt situation.”
Kenyatta backed Odinga for president. Odinga is a veteran opposition leader. according to Kenyatta, Ruto is unfit for the post. Ruto and Odinga were political allies during the 2007 elections. However, a dispute over the result led to the death of 1,200 Kenyans.
