In recent years, Kenya has turned to issuing Eurobonds as a means of raising capital to finance various development projects and infrastructure initiatives. These bonds, issued in foreign currencies like US dollars or euros, were meant to help finance projects like roads and railways. However, there are concerns about Kenya’s increasing debt levels and its ability to repay these loans over time.

While Eurobonds offer access to international capital markets, they also pose risks. Questions have been raised about how borrowed funds are managed and whether debt levels are sustainable. Some critics question whether the funds have been used effectively, sparking debate over the transparency and accountability of Kenya’s borrowing practices.

This debate brings together distinguished experts: David Ndii, Economic Advisor to the President of Kenya; Cuba Houghton Ngondi, Economic Researcher at the International Budget Partnership Kenya; and Churchill Ogutu, Economist at IC Group, as they debate whether relying on debt is a sustainable economic strategy for Kenya.

Moderated by seasoned digital journalist Mwana wa Njuguna, this panel discussion will explore the details of Kenya’s debt landscape, from the factors driving its dependence on borrowing to the potential alternatives and their feasibility.

This debate presents a great opportunity for Kenyans to gain valuable insights, challenge assumptions, and drive positive change.

Watch the debate at 6pm on Mwanzo TV YouTube channel.