Tag: David Ndii news

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.

Economist David Ndii has claimed that President William Ruto quietly funded the Linda Katiba initiative, which challenged the constitutionality of the Building Bridges Initiative (BBI).

Ndii, who is currently the chairperson of the President’s Council of Economic Advisors, said that Ruto, who was Kenyatta’s deputy at the time, supported the initiative. He also claimed that Martha Karua and Boniface Mwangi were part of the initiative.

However, Karua and Mwangi have denied Ndii’s claims. Karua said that when she was involved with Linda Katiba, the members contributed their own resources to fund the initiative. She said that by the time Ndii got Ruto to support the cause, she was no longer a part of it.

Mwangi also denied Ndii’s claims, saying that he volunteered his time and resources to Linda Katiba. He said that he even hosted and fed Ndii in his home.

The exchange between Ndii, Karua, and Mwangi has sparked a debate about the funding of Linda Katiba. Some people have questioned Ndii’s motives for making the claims, while others have said that the claims should be investigated.

It remains to be seen whether Ndii’s claims will be substantiated. However, the debate has highlighted the importance of transparency in political funding.