The Socio-political and economical Development Expectation of Kenya in 2020. WINTER IS COMING!
By Ephraim Njega Anyone who thinks 2019 was economically tough should get checked. What lies ahead is beyond what many expect or imagine. The things we have been writing about over the last six years are crystallizing. The financial hurricane we have been foreseeing will make a landing in the next 12-18 months if not sooner. Many of us have already experienced the tightening economic noose. This is a tale that needs no telling. I wish I could be the bearer of good news. I however would rather be a prophet of doom than a false prophet who shouts peace in times of war. Expect debt restructuring and bailouts. This is because we have maxed out on borrowing and taxation capacity. Interest expense on public debt is expected to cross the KShs 400 billion mark this financial year. This is obviously unsustainable. This will mean less government spending which will result in deeper money circulation concerns. The government will struggle to meet even basic expenditure such as salaries an