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‘Pesa mfukoni’: How to rescue an economy in free fall
A deft move is needed to reverse the government’s dominance of financial sector credit flows to itself. Its heavy borrowing externally and domestically destroys private sector credit, growth, and development, notably in jobs, tax revenues and expectations.
To the awkward retort of an unloved administration, The Economist of London has portrayed Kenya critically in an influential two-punch editorial and article Wrecking a Country (July 5, 2025).
Targeted repression of “GenZ,” the generation that former President Mwai Kibaki’s economic revival from 2002 unleashed with reforms, is hard to defend.
