Prime Cabinet Secretary, Musalia Mudavadi has said the government is losing Ksh.650 million daily over the Finance Act 2023 petition.
Speaking on Thursday, July 13, after launching the 7th Chartered Institute of Arbitrators in Diani, Kwale County, Mudavadi noted the losses add up to Ksh.20 billion in a month.
“Kenya cannot borrow money as the previous government took loans recklessly. Hence, the only way to raise money is through loans and taxes,” claimed the Cabinet Secretary.
Accordingly, Mudavadi noted that the Finance Act 2023 contains the affordable gas cylinders that the government had promised Kenyans.
Moreover, he urged Kenyans to open their eyes when fighting the affordable housing program.
The former Vice President condemned the demonstrations asking the Azimio team to share their proposals to help solve the current situation.
In addition, Mudavadi called out the opposition leaders for misusing public resources including vehicles to hold anti-government protests.
“The government shall not be intimidated into submission and there will be no sharing of government with the opposition side,” the cabinet secretary warned.
He noted that after investigations, relevant agencies will take action against the organizers and financiers of the chaos.
“Anybody who is a leader cannot be proud of people being shot, businesses been destroyed.
Also Read: Court to Rule on Finance Act Implementation at 2pm
7th International Arbitration Conference
“This is the way to go, the future, we cannot channel all our disputes to the courts, we must find different mechanisms.
It will be time effective, cost effective and will help unlock a lot of potential in businesses in Kenya, regionally and internationally” Mudavadi explained.
On her part, Chief Justice Martha Koome lauded the International Arbitration Conference saying it came at the right time.
This International Arbitration Conference is timely, relevant given it has been convened at a time when we face unprecedented challenge and opportunities at the same time in the field of conflict resolution in our continent,” Koome stated.
