Economist Dr David Ndii has sensationally claimed the Jubilee Government has taken Kenyans back 18 years.
Speaking to K24’s Anne Kiguta on Sunday, the former NASA coalition strategist stated that President Kenyatta’s ‘poor economic decisions’ had come back to haunt the country.
Ndii cited the mass downsizing of businesses, relocation and complete closure of more others as a precursor to an economic Armageddon that the country was quickly hurtling towards.
“The rest of the Jubilee term for the economy is actually lost,” Ndii said, “We are where we were with Moi around 2001.”
The economist added that the Uhuru-led Government was just holding the fort for the next administration and that the Big Four Agenda implementation was an exercise in futility.
In May, a special report by Daily Nation‘s Newsplex indicated that state-owned institutions were getting insolvent by the day.
Mumias Sugar company had cut down its staff from 1500 to just 500. Under the same review period, the company had made a loss of up to Sh15 billion, with a paltry Sh1.4 billion turnover.
To add insult to injury, the other state-owned sugar millers Sony, Nzoia, Chemelil and Miwani are insolvent.
Soon after the Jubilee Government began their first term in 2014, Uchumi Supermarket began its dramatic collapse from 37 branches countrywide to only 7 branches in 2019.
Once retail outlet giant Nakumatt Supermarket would follow suit by reducing its operations from over 64 branches spread across East Africa to the current 10. In its wake, some 3,525 employees lost their livelihoods according to the Kenya Union of Commercial Food and Allied Workers
Between the years 2015-2018, thousands of employees lost their jobs with East Africa Portland Cement Company firing 1000 staff, Sameer Africa and Kenya Airways fired 600 each.