Suba South MP Caroli Omondi has warned that the government's aggressive local borrowing could significantly reduce loan availability for ordinary Kenyans. He claims the government's plan to borrow Ksh480 billion locally this year will crowd out commercial banks, limiting their ability to extend credit to individuals and businesses.

• MP Omondi emphasized the need for the government to devise sustainable strategies to enable Kenyans to access affordable credit.
• The caution comes after President William Ruto announced plans to establish a Youth Enterprise Investment Bank with a capital base of Ksh9.75 billion to provide affordable financing for young entrepreneurs.
• MP Omondi stressed that empowerment programs require affordable, cyclical credit and accompanying educational programs for wise fund utilization.