Embakasi East Member of Parliament Paul Ongiri famously known as Babu Owino has come out to describe how the state is turning Kenyans into slavery.
This idea of slavery has been ignited by the acquisition of the 3rd Eurobond overnight without public being notified of the move.
Kenya has sold a Sh210 billion Eurobond.
The National Treasury Cabinet Secretary Henry Rotich says in a statement dated May 15, that the issuance “triggered an overwhelming response from investors” leading to an over-subscription of 4.5 times.
“The Government of Kenya, acting through the National Treasury and Planning, has successfully priced a new $2.1 billion, dual-tranche Eurobond of 7-year and 12-year tenors on 15th May 2019 in London, United Kingdom,” reads the statement.
According to Babu Owino this is modern slavery.
“Modern slaves are in debts not chains,Babu Owino has stated.”
Most Kenyans have also elicited angered reactions to this by the Government to acquire a new Eurobond.