Nairobi, Dec. 29 -- The country is staring at an economic crisis. Already, there are concerns that the government may not meet its obligations, such as paying salaries, servicing debts and other recurrent expenditures.
But this has been building up for years, and only worsened by the coronavirus pandemic, which has shrunk economies as productive ventures collapsed. The pandemic forced the government to introduce tax waivers to cushion citizens, but it reduced its revenues. Now, the tax waivers will be withdrawn in the New Year.
Broadly, the country has been going through an economic downturn due to several factors, including mismanagement, wastage and corruption. And there is a context to this. When the current administration came to powe...