JUST IN: Three Reasons Behind Kenyans’ Financial Challenges – Treasury CS Mbadi
Treasury Cabinet Secretary John Mbadi has admitted that Kenyans have yet to fully benefit from the economic reforms introduced by President William Ruto’s administration. During a Bunge la Wananchi engagement on Monday, February 3, Mbadi addressed concerns raised by citizens about their financial struggles, attributing the situation to three primary factors. The first factor highlighted by Mbadi is domestic government borrowing. He explained that the government’s reliance on local banks for loans had effectively shut out the private sector from accessing credit. This exclusion prevented businesses and private companies from expanding operations and creating job opportunities for the youth. “Banks
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