Former National Assembly Budget Committee Chair Ndindi Nyoro has sharply criticized the government following the listing of the KSh 44.8 billion Talanta Sports City bond.
The bond was listed on the Nairobi Securities Exchange to help fund the construction of Talanta Sports City ahead of the 2027 Africa Cup of Nations (AFCON).
Nyoro said the government is already deep in debt, bearing 12 trillion shillings and was now turning to what he calls “clever tricks” like securitization to raise more money.
He explained that this means using future government revenue to borrow money today, something he says could burden Kenyans for years.
The Talanta Sports City is part of Kenya’s broader investment in sports and youth development, but the mode of its financing is now attracting growing scrutiny.
