There comes a time when it is time to accept that it’s every man for himself and God for us all.
That time appears to be now for the ordinary Kenyan mwananchi and some of us have started taking drastic measures with regards to Kenya’s public debt load which recently surpassed the 5 trillion shillings mark ($50 billion).
What’s more worrying is that much of the government’s borrowing binge has been facilitated by the Asian giant – China, who have already pumped more than Sh20 trillion into Africa.
According to data from the Central Bank of Kenya, the country’s external debt as at March 31, 2018 was Sh2.51 trillion made up of; Sh832.22 billion multinational debt, Sh799.19 billion commercial debt, Sh741.04 billion bilateral debt, and Sh140.04 billion guaranteed debt.
China’s share of the debt is Sh534.07 billion of Sh2.51 trillion which translates to 21.3 percent of Kenya’s external public debt.
What these numbers mean is if the country’s estimated population is 48.46 million, every single Kenyan owes China roughly Sh11,020.
Based on this premise, comedian Eric Omondi has taken matters into his own hands to rid himself of the Chinese debt that has been hanging over most of our heads.
Check it out below.