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Friday, September 23, 2022 – Treasury Cabinet Secretary Ukur Yatani has credited former President Uhuru Kenyatta for his ingenuity when taking loans during his second term in office.

Speaking during an interview, Yatani told President William Ruto and his Government to learn from Uhuru on how well he managed the economy in his second term instead of dismissing, bashing, and demonizing him.

According to Yatani, the move by the former head of state not to take commercial loans in the second term was ingenious because they are expensive.

He divulged that Uhuru’s administration opted for multilateral loans that offered Kenya credit at a lower interest rate as compared to commercial loans.

Yatani added that the loans were sustainable and beneficial to citizens in the long run as they had better repayment plans.

“We borrow to realize development but we do it sustainably and for the last four years we have never borrowed commercially. When we borrowed, we borrowed from the multilateral widow where the average interest rate on 0.02 per cent and payable over 30/40 years. That is sustainable,” he stated.

Besides, Yatani revealed that Uhuru opted to reduce expenditure and generate more revenue which created more finances for projects that boosted the economy post the global pandemic period.

The Kenyan DAILY POST.

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1 COMMENT

  1. He’s not but an imbecile cow, mungiki, vampire and a fraudster.

    Only cow find the educable imbecile a hero but in actual fact it’s a thief and a thug.

    Keep you abyss customer yourself, we don’t need to remember the useless moron as it’s abyss came to an end with it’s baggage of CSs and PSs in his sorry abyss regime.

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