The Cost of Corruption in Kenya

In the recent days, Kenyans have been treated with humorous episodes in the political class that have left many in stitches due to laughter but in real sense mourning. Kenya has now been ranked as the third most corrupt country in the world. The rate at which individuals in power are looting public property has won them a global recognition and soon the world title of ‘World Number One Most Corrupt Country’ will be ours.
It is now being globally said that Kenyans are skilled thieves. That Kenyans steal with passion. That they steal like there is no tomorrow. That most Kenyans steal even for the future generations. Even the president of the republic of Kenya, Uhuru Kenyatta knows that Kenyans are thieves. He recently proclaimed that in Israel that Kenyans are skilled thieves. Perhaps this is the reason why he prefers to travel and be away from Kenya where what people do is only whining and stealing.
According to a report released by PricewaterhouseCoopers (PwC) the rate economic crimes in Kenya is 25 per cent above the global average. Always making sure that every record set against stealing is broken. In the year 2015 alone, economic crimes rose to 61 percent from 52 percent in 2014. There is no need of mentioning bribes for that is the norm of the day. It is estimated that Kenya loses more than 500 billion shillings each year on corruption.
The National Youth Service saga is still ongoing bringing in both the lowly and the mighty. The recent development in the NYS saga being the affidavit sworn before a court of law by former Devolution Cabinet Secretary Anne Waiguru. In her affidavit, Waiguru named Kipchumba Murkomen, Aden Duale and the personal assistant to the deputy president Farouk Kibet as individuals who took part in the disappearing of more than 790 million shillings. The war has now been turned into a political war with Aden Duale calling a press conference to declare war on Anne Waiguru.
The Eurobond Saga is still fresh in Kenyans minds. Allegations that close to 100 billion shillings were looted are yet to be either fully denied or confirmed. The issue was fully politicized and soon Kenyans forgot about it. What most Kenyans fail to understand is that a Eurobond loan is not like a grant. Once you take a Eurobond loan, you have to pay whether you are alive or dead. This implies that the Eurobond loan will extent to generations to come and Kenyans will have to pay whether they like it or not.
Kenyans are being robbed of their taxes. Those whose duty is to look and protect the resources that belongs to a common man have turned into wolves and hyenas. They are stealing and eating everything that comes their way without any consideration whatsoever for the current generation as well as the coming generation. It is common knowledge in Kenya now that most of our leaders are allergic to any free piece of land. They grab and make it their own any piece of land that seems as though it does not have an owner.
Ladies and gentlemen, public property is being looted. What can we do? It is their time to eat. Let them eat as we watch. Soon they will have nothing to eat and we shall eat them instead.
Article by Juma Fred.
About Soko Directory Team
Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory
- January 2025 (119)
- February 2025 (191)
- March 2025 (212)
- April 2025 (193)
- May 2025 (161)
- June 2025 (157)
- July 2025 (226)
- August 2025 (211)
- September 2025 (270)
- October 2025 (297)
- November 2025 (107)
- January 2024 (238)
- February 2024 (227)
- March 2024 (190)
- April 2024 (133)
- May 2024 (157)
- June 2024 (145)
- July 2024 (136)
- August 2024 (154)
- September 2024 (212)
- October 2024 (255)
- November 2024 (196)
- December 2024 (143)
- January 2023 (182)
- February 2023 (203)
- March 2023 (322)
- April 2023 (297)
- May 2023 (267)
- June 2023 (214)
- July 2023 (212)
- August 2023 (257)
- September 2023 (237)
- October 2023 (264)
- November 2023 (286)
- December 2023 (177)
- January 2022 (293)
- February 2022 (329)
- March 2022 (358)
- April 2022 (292)
- May 2022 (271)
- June 2022 (232)
- July 2022 (278)
- August 2022 (253)
- September 2022 (246)
- October 2022 (196)
- November 2022 (232)
- December 2022 (167)
- January 2021 (182)
- February 2021 (227)
- March 2021 (325)
- April 2021 (259)
- May 2021 (285)
- June 2021 (272)
- July 2021 (277)
- August 2021 (232)
- September 2021 (271)
- October 2021 (304)
- November 2021 (364)
- December 2021 (249)
- January 2020 (272)
- February 2020 (310)
- March 2020 (390)
- April 2020 (321)
- May 2020 (335)
- June 2020 (327)
- July 2020 (333)
- August 2020 (276)
- September 2020 (214)
- October 2020 (233)
- November 2020 (242)
- December 2020 (187)
- January 2019 (251)
- February 2019 (215)
- March 2019 (283)
- April 2019 (254)
- May 2019 (269)
- June 2019 (249)
- July 2019 (335)
- August 2019 (293)
- September 2019 (306)
- October 2019 (313)
- November 2019 (362)
- December 2019 (318)
- January 2018 (291)
- February 2018 (213)
- March 2018 (275)
- April 2018 (223)
- May 2018 (235)
- June 2018 (176)
- July 2018 (256)
- August 2018 (247)
- September 2018 (255)
- October 2018 (282)
- November 2018 (282)
- December 2018 (184)
- January 2017 (183)
- February 2017 (194)
- March 2017 (207)
- April 2017 (104)
- May 2017 (169)
- June 2017 (205)
- July 2017 (189)
- August 2017 (195)
- September 2017 (186)
- October 2017 (235)
- November 2017 (253)
- December 2017 (266)
- January 2016 (164)
- February 2016 (165)
- March 2016 (189)
- April 2016 (143)
- May 2016 (245)
- June 2016 (182)
- July 2016 (271)
- August 2016 (247)
- September 2016 (233)
- October 2016 (191)
- November 2016 (243)
- December 2016 (153)
- January 2015 (1)
- February 2015 (4)
- March 2015 (164)
- April 2015 (107)
- May 2015 (116)
- June 2015 (119)
- July 2015 (145)
- August 2015 (157)
- September 2015 (186)
- October 2015 (169)
- November 2015 (173)
- December 2015 (205)
- March 2014 (2)
- March 2013 (10)
- June 2013 (1)
- March 2012 (7)
- April 2012 (15)
- May 2012 (1)
- July 2012 (1)
- August 2012 (4)
- October 2012 (2)
- November 2012 (2)
- December 2012 (1)
