Monday, December 23, 2024
Home > Business & Finance > Country loses Sh.800 billion annually to graft

Country loses Sh.800 billion annually to graft

Kenya  loses Sh.800billion to graft annually, translating to 30 percent of its budget, US  Ambassador to Kenya, Kyle McCarter  has  said.

He  said  if not  fought with zeal, corruption could cost the government its Big Four Development Agenda.

Speaking  when  he launched a campaign against Visa Fraud at Kenyatta University  on Thursday, the Ambassador said corruption was  still rife in the country despite renewed government efforts to curb it.

McCarter   said the country has enough resources to flourish were it not for corruption which continue to deny young people  opportunities to thrive.

“The  country has a big choice to make, whether to make the fight its fifth agenda and fight it with utmost seriousness or  to tolerate it. World-over, the solution is integrity in leadership, which most people in Kenya lack,” he said.

He  called on the youth, especially university students to stand up and agitate for accountability of public resources to  be able to get opportunities.

McCarter   called on local university students schooling in foreign countries to return home after acquiring certificates to help  rebuild their countries.

“The  knowledge you get is expected to help you have an impact in your countries. Your loyalty should be with your country, then you can help in changing leadership as you desire. New leadership is the future and university students  will lead the  way,” he said.

The  Ambassador  revealed that the US lost huge amounts of money due to visa fraud and called for a collaborative approach to curb the vice.

By  Agnes  Khisa/ Muoki  Charles

Leave a Reply