The International Monetary Fund (IMF) has given President Uhuru Kenyatta an ultimatum of 24 hours to reveal names of Covid-19 millionaires who were mentioned in the 7.8B KEMSA Scandal. The individuals mentioned in the multi-billion scandal are owners of companies that were contracted by the Kenya Medical and Supplies Authority as part of an agreement they struck in the ongoing Sh256 billion programme.
In a statement to Kenyan officials, the Washington-based lending institution says revealing identities of the shadowy individuals is a matter of priority that the government of Kenya has up to tomorrow midnight to implement. If the government publishes the names, Kenyans will for the first time be able to know some of the anonymous tenderpreneurs who lined their pockets at the expense of the general public hit hard by the devastating effects of the Covid-19 pandemic.
Last week, the Executive Board of the International Monetary Fund completed today the first reviews of the 38-month Extended Arrangement under its extended credit facility and 38-month arrangement under extended credit facility for Kenya. The Board agreed to an immediate disbursement of US$ 407 million, bringing Kenya’s total disbursements for budget support under the arrangements to about US$ 714.5 million.
”The Kenyan authorities continue to demonstrate strong commitment to their fiscal reform agenda during this unprecedented global shock. Performance under the EFF/ECF arrangements has been broadly satisfactory despite a challenging environment,” said Antoinette Sayeh, IMF’s Deputy Managing Director and Acting Chair of the Executive Board.
