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Kenya debt crisis: We should stop excessive borrowing, bank crowding-out & corruption — Prof. Ogola

  • | TV 47
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    Duration: 6:08
    "We should stop obnoxious borrowing because the debt we have has not been used in the interest of Kenyans. Total deposits in Kenya are about 8.2 trillion, while total domestic debt is about 7.9 trillion. This means Kenyans deposit their money in banks, but the government absorbs most of it, leaving little liquidity for businesses to operate. Corruption is also very high." -Prof. Fred Ogola, Commissioner, People's Restorative Justice Commission #TV47Breakfast #StoryNiYetu Thank you for watching this video. Kindly subscribe for more content from 'Home of The Untold Stories.' *About TV47* 'TV47 is on GOtv (Channel 102), DStv (Channel 268), SIGNET, Gotv, BAMBA and STARTIMES. __ For Breaking News, kindly subscribe by sending ‘NEWS’ to 22047. __ Connect with us: Website: https://www.tv47.digital/ Facebook: https://www.facebook.com/TV47KE Twitter: https://twitter.com/tv47news Instagram: https://www.instagram.com/tv47ke/ TikTok: https://www.tiktok.com/@tv47_ke Telegram: https://t.me/tv47_ke WhatsApp: 0797 047 047 __