Back in the late 1990s and early 2000s, a visit by the IMF and the World Bank would be headline news - I know coz I wrote some of those stories.
Gavament would go into some sort of panic, with Treasury officials running helter-skelter trying to cook figures.
We were basically a colony of the two Caucasian organisations.
Then Kibaki and China happened.
Within two years of 2002, Kenya was free from the clutches of the imperialists who had caused untold misery in the early 1990s through what were called Structural Adjustment Programmes (SAPs).
Thousands, probably millions, of Kenyans died because of SAPs - through suicides, disease as nurses and doctors were retrenched (Aids spread like bushfire because they were not even enough workers to test transfused blood), as water was privatised (cholera, dysentery, typhoid etc), and hospital user fees were introduced, etc.
Lives were destroyed as experienced long-serving civil servants were given what were then euphemistically called ‘golden casket handshakes’.
China and Kibaki changed all that, and gave Kenyans some pride.
Enter Uhuruto.
The duo have gone on a borrowing spree like no other. Now, our national debt stands at Sh4.5 trillion, about Sh3 trillion more than when Kibaki exited State House.
The tragedy for us is that much of the Uhuruto debt has been ‘wasted’ in such ventures as hiring police vehicles, leasing extremely expensive medical equipment from America’s GE (that alone took 50 billion), paying extremely exhorbitant ‘compensation’ to politically-correct ‘land owners’ along infrastructure corridors (the entire length of the proposed Ethiopia electricity line, for example, is now dotted with manyattas in a line - how did the poor ‘pastoralists’ know that it would pass there? Billions will be paid for what was until the other day empty land! NBO-MSA SGR alone took 40 billion!), dishing freebies including ‘free’ education, health, pads, etc.
Now the IMF and the World Bank are back.
In the very near term, we will start experiencing the tragedy of what Uhuruto have done to us.
The rate cap will go (kama uko na loan anza kujipanga kaka, utalipa 25-30 per cent very, very soon).
There will be massive retrenchments in the public sector.
There will be cutbacks in development expenditure (some of our newly constructed highways will become potholed like in the Moi error when it took six hours to travel from Nairobi to Nakuru).
Our oil fields will be sold for a song.
The ‘privatisation’ dirge will come back, and our family jewels - airports, public shares in companies like Safaricom, ports, lucrative parastatals like Kengen and KPLC - will be sold to the imperialists for a penny or two (by the way, this is how Vodafone came to own Safaricom).
Once again, the yoke of imperialism will be upon us.
Kenyans will die, lives will be broken.
Sad for a Jubilee supporter like me to admit, but I didn’t know an Amherst-trained economist could be this clueless. Sad, sad, sad.