DP Gachagua reveals why Ruto is keeping loans from abroad secret
Ruto declined to reveal loans obtained from abroad over media fears according to DP Rigathi Gachagua
Ruto declined to reveal loans obtained from abroad over media fears according to DP Rigathi Gachagua.
On Sunday, Deputy President Rigathi Gachagua disclosed that President William Ruto had chosen to withhold the amount of funding Kenya received from China.
While attending a church service at Dallas, Embu County’s St. Anthony of Padua Catholic Church, the DP stated that the Head of State was concerned that the media would be blowing it out of proportion.
Ruto visited China in October in an attempt to secure a $1 billion (Ksh151 billion) loan to finish up unfinished road development projects.
“Ring Road (in Embu County) that had stalled and all other stalled roads will be completed. The President was recently out of the country and we received funding,” Gachagua remarked.
“We do not want to say how much because the media is always following us and when we say something, they expose us making donors withdraw support.”
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Gachagua stated that while the amount remained secret, it was enough to finish stalled projects across the country.
The DP added that contractors would soon resume work on the infrastructure projects to make sure they were finished on time.
Before the current unspecified loan, China accounted for 64 percent of Kenya’s Ksh10.5 trillion debt.
The amount was largely borrowed during former President Uhuru Kenyatta’s tenure to finance different infrastructure projects including the Ksh324 billion Standard Gauge Railway (SGR).
President William Ruto after assuming power in September 2022 noted that his administration would not take on new road projects before finishing existing ones.
“I want to say that no new roads will be built by the national government until all the incomplete roads are completely upgraded,” he stated then.
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