Wednesday, July 01,
2026 - President William Ruto has revealed the indignities African
countries endure when seeking loans from international lenders.
Speaking during a dinner at State House, Nairobi, with
members of the Africa Trade and Investment Development Insurance (ATIDI) on
Tuesday, June 30th, Ruto disclosed that some lenders push for
policies unrelated to financial matters, including s3xuality laws.
“It is difficult to borrow money from people because they
subject you to all manner of things. ‘Do this, go and pass this law, go and
pass s3xuality laws,’ things that have nothing to do with the money you are
looking for,” he said.
Ruto argued that such treatment stems from Africa’s failure
to build its own financial pool to fund development projects.
He urged countries to strengthen savings systems to reduce
dependence on external borrowing.
Ruto highlighted Kenya’s progress under his administration,
citing reforms at the National Social Security Fund (NSSF).
“In our NSSF, we had Ksh312 billion. We have moved it to
Ksh680 billion, and by next year, we will triple what we have saved for 60
years in three and a half years,” he stated.
He maintained that Africa does not lack capital but suffers
from poor resource organization.
Ruto reiterated his call for fair loan conditions, stressing
that African nations must chart their own financial independence to avoid
humiliation in global negotiations.
The Kenyan DAILY POST
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