By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Mr. Mbadi, drastic measures will yield drastic outcomes.
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Politics > Mr. Mbadi, drastic measures will yield drastic outcomes.
Politics

Mr. Mbadi, drastic measures will yield drastic outcomes.

Ivy Irungu
Last updated: July 29, 2024 9:22 am
Ivy Irungu
11 months ago
Share
SHARE

Nominated Treasury Cabinet Secretary John Mbadi, welcome to the hot seat, and congratulations! You will need all the luck you can get. The pressing question is, what direction should Kenya take from here?

First, it’s important to acknowledge the significant effort that has gone into stabilizing the economy over the past two years. Kudos to the outgoing CS, Njuguna Ndungu; public service can often be a thankless job.

However, you must go further. Your predecessor was entrenched in crisis mode and failed to establish a roadmap for recovery. Economic growth cannot occur without a solid recovery plan. Set a timeframe of three months to work with your experts on developing one. The economy must grow—that is the only way to assist Kenya.

Additionally, the relationship between Kenya and the International Monetary Fund (IMF) and the World Bank needs a reset. It has become evident that the IMF does not care if the country suffers. The fact that they could pressure the government into implementing a taxation plan, knowing it would lead to turmoil, is absurd.

The result has been a month of death and destruction! Is the IMF satisfied now? The next roundtable must set aside past grievances and initiate a fresh conversation about what Kenya truly needs and how these institutions can help the country navigate out of the current economic crisis, assuming their intentions are genuine.

READ MORE  South Africa’s Former President Jacob Zuma Involved In Car Crash

You now have a blank check to reimagine the budget. The time has come to establish new structures for Kenya. The upcoming budget process must be guided by the debt audit commissioned by President William Ruto. We cannot allow the budget to remain under pressure from debts that Kenyans are unaware of. Urge the debt audit team to meet their three-month deadline.

It is critical to find immediate ways to inject cash flow into the economy. With money in people’s pockets, the pressure on the government will ease, allowing you to focus on your work.

Privatizations are a viable option. Consider partially divesting government shares in Safaricom, Kenya Reinsurance Plaza, and KenGen, among others. This will provide an immediate boost to government revenues to support the budget.

Encourage the Asset Recovery Agency to operate with greater urgency; they should be recovering billions of shillings in corruptly acquired wealth every month. Establish a fund for these recovered funds to be used for debt repayment.

To tackle youth unemployment, all stalled or suspended youth programs must be reinstated immediately. There will be no shortage of development partners willing to support you. President Ruto has announced the return of Kazi Mtaani, among other initiatives. The crisis in Kenya today is primarily a youth crisis, so implement all fiscal solutions possible to address it.

READ MORE  Only President, First Lady can use millitary choppers - Duale

Embrace transparency and openness, as the Treasury is often seen as secretive. Open all the windows and curtains in that building. Provide quarterly accountability reports detailing all activities. This approach will help engage Kenyans in the process. Rebuilding the credibility of the Treasury should be one of your key performance indicators, and it will be a long and challenging journey.

Kenya needs a long-term bond to begin addressing all pending bills as a means of revitalizing businesses. This is a guaranteed way to stimulate the economy. Prioritizing this should be among your most urgent tasks. Of the numerous projects signed in the past two years, none have commenced; making this a priority is essential. These are truly low-hanging fruits.

The Treasury also requires a new negotiation team for all foreign trips, as the current performance has been unsatisfactory.

Mr. Mbadi, if you seek radical results, you must implement radical measures. This reset must occur within the first 100 days, or it may not happen at all. The country is ready for an overhaul—embrace the opportunity.

Ruto Fears His Cabinet Secretaries – Alfred Keter
Protest Leaders Are Told by Ruto to Move Forward and Not Stay Faceless, Formless, or Anonymous
‘See You At Old Trafford’, Man U’ S Harry Maguire Reacts After Ghana MP Apologises For Mocking Him
According to Jeremiah Kioni’s assessment of the Limuru meeting, we got what we desired
All 9 Individuals On Board A Navy Aircraft Managed To Escape Unscathed After The Plane Overshot The Runway And Came To Rest In The Ocean
Share This Article
Facebook Email Print
Previous Article Odada, a master of Kenyan midfield, signs a two-year contract with Dundee United.
Next Article Wetang’ula attacks western Members of Parliament for criticizing Ruto’s opposition naming
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Capital under lockdown as gov’t readies for Saba Saba protests
  • MP Koech claims midnight train was suspended over plans to attack passengers
  • Gov’t is setting up roadblocks to intimidate, assert power – MP Robert Mbui
  • I will build that church with my money, propaganda will not scare me: Defiant Ruto asserts
  • Zubimendi explains decision to join Arsenal

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?