David Ndii says Kenya Kwanza should have lost the election to avoid inheriting Uhuru Kenyatta’s debt crisis

David Ndii, the chair of President William Ruto’s Council of Economic Advisors, has said that he wishes the Kenya Kwanza alliance had lost the election so that the Azimio la Umoja coalition would have had to deal with the country’s debt crisis.

Ndii, an economist, claimed that former President Uhuru Kenyatta did not take any action to alleviate the debt crisis before he left office, instead choosing to “burn Forex Reserves.”

In a series of tweets and replies on his official Twitter account, Ndii predicted difficult economic times for Kenya and advised citizens to prepare for the worst when loans mature. He said that the shilling’s sharp decline against the dollar has made matters worse.

“If US rates don’t ease for markets to open for frontier economies…it’s a wing and a prayer. Over to you churchgoers,” Ndii tweeted.

Ndii also said that Uhuru’s debt legacy is a “nightmare” and that he has been forced to think that it would have been better if Kenya Kwanza had lost the election.

Responding to a tweet from @murigimuraya, who suggested that Uhuru had managed to retain investor confidence after winning his second term, Ndii said it was a “miracle” that Kenya had not defaulted on its debts.

“Uhuru’s debt legacy nightmare. A trillion domestic redemption in 2023. It’s a miracle we’ve not defaulted. Foreign redemptions double in 2024,” Ndii tweeted.