Chinese President Xi Jinping during the 2018 summit of the Forum on China-Africa Cooperation unveiled a Sh6 trillion kitty for Africa’s development and a new measure to strengthen Sino-Africa ties.
But Kenyans are not impressed as the country plunges further into the Chinese debt trap.
The money, the President who is attending the two day summit said “will be channelled to projects aligned to the Chinese government’s Belt and Road Initiative covering telecommunications, construction of roads, bridges and sea ports, energy, and human capacity development.”
This comes at a time when fuel prices have gone through the roof after the Treasury CS Henry Rotich okayed the 16 per cent tax on all petroleum products.
The President is yet to sign the Finance Bill 2018 amendment which has been suspended twice since 2013.
Read: Dwayne Johnson AKA The Rock Shouts Out Kenyan Rapper, Stella Mwangi
Some social media users have advised the President to instead ask his deputy, William Ruto for a loan.
Here are some of the hilarious comments:
Instead of asking China for a loan, please speak with Ruto. He can fund this year’s budget. He is extremely successful at growing money. He can multiply 0 by 1Million and get a billion.
— Joe The First (@jmwmut) September 3, 2018
Rather than borrowing from the Chinese who will take away our ports when we default like they are doing in Sri Lanka! & treats us like slaves why can’t Jubilee just borrow the money from Ruto's bottomless Money Bank? pic.twitter.com/FvBCFtviz2
— Mango Peter (@MangoPeter4) September 3, 2018
60b????
why can't you just ask him to subsidize our fuel price.Ruto will use that money to buy goats but ole lenku will deliver him sheep
— Jomoko (@yawajomoko) September 3, 2018
Kenyans are also decrying the high cost of living with a litre of Super Petrol retailing at Sh127 in Nairobi. This has prompted the increase in fares by 20 per cent.
Read: President Yoweri Museveni Questions ‘Sugar Bond’ Allowing Importation From Brazil
Man, I hope you didn’t partake in that $60billion because we KENYANS DON’T WANT ANY MORE DEBT!! Seal the loophole of corruption, not borrowing to enable even more theft.
— Ponder (@keyboysteve) September 3, 2018
https://twitter.com/Mayfair35057776/status/1036628615813849088
https://twitter.com/Igneous04079053/status/1036621492572905473
Once you assimilated Raila to your side no one is fighting for the ordinary Kenyan well-being , we are suffering ama mchina ameleta noma juu ya deni mnamtaftia kwa kila njia, life is hard out here Mr. President ??? pic.twitter.com/jqyM3unn93
— ⲇⲁⲛⲓⲉ𝓵 (@DanielNjeru007) September 3, 2018
Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to Editor@kahawatungu.com
Email your news TIPS to Editor@Kahawatungu.com — this is our only official communication channel
