Raila’s last born daughter, Winnie Odinga says she would rather have stayed in Zimbabwe instead of coming back home.
Winnie had accompanied her dad to Harare for the funeral of the late opposition leader, Morgan Tsvangirai.
Tsvangirai, an opposition leader of repute succumbed to Colorectal cancer on Wednesday, February 14.
Raila who has had close relations with the late was among dignitaries who graced the high-profile funeral.
The experience in Zimbabwe seems to have rattled the daughter of the opposition leader who did not hesitate to throw a jab at the Jubilee government.
Winnie’s update on Facebook was spurred by a worrying report on Kenya’s out-of-hand borrowing:
“Kenya’s public debt to GDP is estimated at 56.2% in 2017 (rising from 44.0 percent 5-years ago, and 38.4% 10-years ago), and that we will use approx. 40.3% of our revenue raised from tax collection to finance debt payments in the fiscal year 2017/18”… just returned home to this. Nkt! should have stayed in Zimbabwe, “ Winnie wrote.
Kenya’s public debt to GDP is estimated at 56.2% in 2017 . Having risen from 44.0% from 5-years ago.
The accepted debt levels according to the the IMF for frontier economies is 50.0% of GDP. Already Kenya is 6.2% above those levels
What this means is that Kenya will have to use close to 40.3% revenue raised from tax collection to finance debt payments for the year 2017/2018.
Raila has in the recent past put the government on the spot over heavy borrowing saying the debt would cast Kenya into a crisis.
Still, Zimbabwe doesn’t seem like the best alternative.
In 2017, Zimbabwe’s foreign debt stood at more than USD 7 billion which around 50% of the country’s GDP.
So Winnie may have to stick around?