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Kenya

Kamau Thugge


Displaying 1-6 out of 6 results.

Fund on standby

IMF approval was put on hold because of the CMC di Ravenna dam scandal: Rotich and his Principal Secretary Kamau Thugge were the most prominent government officials to be charged in connection to the fraudulent Ksh46bn ($460 million) scheme in July (AC Vol 60 No 15 A killing joke & Vol 60 No 18 Spending on the hoof)...


Spending on the hoof

Rotich and his permanent secretary Kamau Thugge both widely respected economists were suspended over the Italian-funded Arror and Kimwarer dams scandal (AC Vol 60 No 15 A killing joke)...

In September 2016 he approved the capping of interest rates 'to help low income borrowers' against advice from the government's top economists – Central Bank governor Patrick Njoroge Henry Rotich Kamau Thugge and Geoffrey Mwau...


A killing joke

Yet with Rotich and his Principal Secretary Kamau Thugge out of the Treasury funding for these projects may become trickier...

Dams – the consequences Whatever happens now the arrest and charging of Finance Minister Henry Rotich his Permanent Secretary Kamau Thugge and 24 more government officials marks a historic landmark in President Uhuru Kenyatta's campaign against corruption which he sees as a major legacy of his time in office (AC Vol 59 No 19 Populists hack at the budget)...


Populists hack at the budget

Both consider Treasury Cabinet Secretary Henry Rotich and his top associates Principal Secretary Kamau Thugge Economic Secretary Geoffrey Mwau and Central Bank Governor Patrick Njoroge – all whom have worked for the Fund at some point – as parties in an IMF conspiracy which aims to hit the poor with austerity measures cuts in public projects and handouts and market-determined interest rates (AC Vol 59 No 14 Hanging on a handshake)...


Uhuru goes banker-bashing

Top economists who argued against the measure included CBK Governor Patrick Njoroge Finance Minister Henry Rotich Treasury Principal Secretary Kamau Thugge and Paul Murithi Muthaura of the Capital Markets Authority supported by the Kenya Bankers' Association (KBA) and the Nairobi Securities Exchange (NSE)...


Where did all the money go?

However the Treasury Principal Secretary Kamau Thugge an economist insisted that there was no money missing from the state accounts but only a lack of the correct supporting documentation for purchase orders...


Displaying 1-6 out of 6 results.