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3.4K views · 82 reactions | Treasury Defends Securitization: Treasury lists more funds to be securitized HELB, Hustler Fund to serve as collateral in new strategy 50% of collection from road maintenance levy leveraged as security #JKLive Ayub Abdikadir Abdi Farah | Citizen TV Kenya | Facebook
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Ruto's administration is engaged in a form of borrowing called 'Securitization of Receivables' where monies like the Fuel Levy which work out to Ksh24 per litre are used as collateral for loans. Already Fuel Levy for the next 7 years has been committed and borrowed against the fund while the Sports Fund is next as Kiharu MP Ndindi Nyoro explains. This will eventually mean that things like Housing Levy, NSSF contributions and SHA contributions could be used by the rogue regime to obtain loans lea
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