Chinese President Xi Jinping during the 2018 summit of the Forum on China-Africa Cooperation unveiled a Sh6 trillion kitty for Africa’s development and a new measure to strengthen Sino-Africa ties.
But Kenyans are not impressed as the country plunges further into the Chinese debt trap.
The money, the President who is attending the two day summit said “will be channelled to projects aligned to the Chinese government’s Belt and Road Initiative covering telecommunications, construction of roads, bridges and sea ports, energy, and human capacity development.”
This comes at a time when fuel prices have gone through the roof after the Treasury CS Henry Rotich okayed the 16 per cent tax on all petroleum products.
The President is yet to sign the Finance Bill 2018 amendment which has been suspended twice since 2013.
Some social media users have advised the President to instead ask his deputy, William Ruto for a loan.
Here are some of the hilarious comments:
Instead of asking China for a loan, please speak with Ruto. He can fund this year’s budget. He is extremely successful at growing money. He can multiply 0 by 1Million and get a billion.
— Joe (@jmwmut) September 3, 2018
Rather than borrowing from the Chinese who will take away our ports when we default like they are doing in Sri Lanka! & treats us like slaves why can’t Jubilee just borrow the money from Ruto's bottomless Money Bank? pic.twitter.com/FvBCFtviz2
— Mango Peter (@MangoPeter4) September 3, 2018
why can't you just ask him to subsidize our fuel price.
Ruto will use that money to buy goats but ole lenku will deliver him sheep
— Yawa Jomoko (@yawajomoko) September 3, 2018
Kenyans are also decrying the high cost of living with a litre of Super Petrol retailing at Sh127 in Nairobi. This has prompted the increase in fares by 20 per cent.
Man, I hope you didn’t partake in that $60billion because we KENYANS DON’T WANT ANY MORE DEBT!! Seal the loophole of corruption, not borrowing to enable even more theft.
— Steve Kiboi (@keyboysteve) September 3, 2018
Mr President even in Mogadishu the price of super petrol is 75 kshs while diesel is 70kshs per litre. In Ethiopia a landlocked country super petrol retails @65 kshs and diesel @45 kshs, what's this ? Kenya?140 kshs/ litre? This is Theft of the highest order. Fruits of corruption.
— Mayfair (@Mayfair35057776) September 3, 2018
Once you assimilated Raila to your side no one is fighting for the ordinary Kenyan well-being , we are suffering ama mchina ameleta noma juu ya deni mnamtaftia kwa kila njia, life is hard out here Mr. President ??? pic.twitter.com/jqyM3unn93
— Kunta kinte (@DanSpinchezz) September 3, 2018
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