Economy is stable, Uhuru assures Kenyans

Economy is stable, Uhuru assures Kenyans

President Uhuru Kenyatta has assured Kenyans that the economy is strong and there is no course for alarm.

Contrary to claims by critics, the Head of State said ‘’Kenya is okay’’ and told critics that the freedom of speech is a constitutional right.

President Kenyatta told the opposition that they are free to criticise the government as the freedom of expression is guaranteed by the Constitution.

He, however, told Kenyans to ignore the noise and continue to work hard and make Kenya a better place for all.

The President spoke at Our Lady of Rosary Catholic Church in Ridgeways, Kiambu County, where he joined worshippers for Sunday mass.

He encouraged Kenyans to work together, saying that unity of purpose will move the country to the next level of development.

This comes days after National Assembly majority leader, Aden Duale, dismissed Cord leader Raila Odinga’s allegations that the government diverted funds from the Eurobond to personal accounts.

Duale asserted that Odinga’s claims that the money is stashed in foreign accounts and is being used to trade in foreign stocks for private gains are misguided and unfortunate.

He stated that contrary to the allegations, the government’s handling of the Eurobond has been commendable and transparent.

Speaking in Garissa Town, Duale said the fundamental objective of going for the Eurobond was to prevent the government from competing with the private sector in domestic borrowing, adding that they have looked elsewhere to source for more than Sh283billion.

He said that USD600 million was used to offset the loan that the Kibaki administration borrowed from local banks, with a further Sh53 billion going towards settling other loans.

He added that the remaining amount was not stashed in foreign accounts, as alleged by Raila, but put in the Central Bank of Kenya.

The Garissa Town MP called on the CORD leader to request to be issued with the relevant documents by Parliament for a better understanding of how the funds were used.

Duale told Odinga to respect President Uhuru Kenyatta and his Deputy William Ruto as the democratically elected leaders.

 

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economy Inflation President Uhuru Kenyatta

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