Friday April 26, 2019-Narok Senator, Ledama Ole Kina, has expressed his strong opposition to Government's great appetite for Chinese loans.
This comes at a time when President Uhuru Kenyatta and ODM Leader Raila Odinga are in Beijing, China for another Sh368 billion which is meant for the completion of the second phase of the Standard Gauge Railway (SGR).
In a tweet yesterday, Kina, who is a member of Raila’s ODM, now wants Uhuru’s Government to shun the loan habit and instead seek other option, say direct investments from interested nations.
He argued that investments are more guaranteed to benefit the nation as opposed to the loans, giving an example of Ethiopia which is succeeding.
He added that it's only through direct investments that the nation can improve her industrial sector, resulting in more job openings for the youth.
"Foreign Direct Investments will help Kenya more than Chinese Loans! Look at Ethiopia now. We must now focus on industries as a way to create employment and offer affordable labour now that we have the population,” Ole Kina tweeted.
The Kenyan DAILY POST