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Originally published by Standard Politics
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politics
July 24, 2025
1w ago

Reckless! Ndindi Nyoro says on Talanta Stadium bond

Reckless! Ndindi Nyoro says on Talanta Stadium bond

Kiharu Member of Parliament, Ndindi Nyoro, has faulted the government for acquiring a Sh44.8 billion debt through the Nairobi Securities Exchange...

✨ Key Highlights

Kiharu MP Ndindi Nyoro has criticized the Kenyan government for incurring a debt of Sh44.8 billion through the issuance of the Talanta Infrastructure Bond for the construction of the Talanta Sports Complex.

  • The bond was issued on July 23 to fund a 60,000-seater stadium ahead of the 2027 AFCON Cup of Nations.
  • President William Ruto defends the government’s financing strategy as essential for reducing dependency on foreign loans.
  • Nyoro warns that the high interest rate of 15.04 percent will lead to significant long-term financial burdens on taxpayers.

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Reckless! Ndindi Nyoro says on Talanta Stadium bond