Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Angelica _ann wrote:limanika wrote:wajuguna wrote:It appears the questions are now around the 'specific projects' undertaken by benefiting ministries, as opposed to a from-the-rooftop 'money has been stolen'. Is it possible Rotich's accounting is making sense and the goal posts have to be narrowed? Just wondering.
No. It's not over till fat lady has sung
Yes, let them table the specific projects. Not just shouting infrastructure!!! What is so hard in doing this?
C&P
The National Treasury cannot show any infrastructure that consumed the Eurobond funds, Cabinet Secretary Henry Rotich said last Thursday, walking away from an earlier promise to lay bare details of the mega spending at the centre of political row with opposition leader Raila Odinga.
The information memorandum that the government issued ahead of its going to the international debt market to raise the $2.75 billion says the bond was to finance general budgetary spending and infrastructure projects such as expansion of airports, sea ports, roads, pipelines, and geothermal plants.
But all public communication on the borrowing referred to infrastructure financing as the sole reason for seeking debt financing from the international markets.
The strange admission by the Treasury that it cannot identify projects financed by the sovereign note came in the middle of a heated public debate on the government’s spending of the Eurobond funds.
http://www.businessdaily...96/-/gywrap/-/index.html
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