Kenyan Government Launches M-Damu Bond

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The Government of Kenya through the Ministry of Health and the Treasury yesterday launched the M-Damu Bond.

The bond is aimed at raising funds for the government through having citizens voluntarily, by force, donate their blood which would be sold in the international markets. It will be a way of filling the revenue gaps that the government has exhausted through the international borrowing. This is the latest raft of measures aimed at raising additional revenue after the national sperm donation drive last year and the sell your extra baby campaign, the year before.

The Treasury Cabinet Secretary, Henry Rotich, while denying that the country was in a tough financial fix, praised the children who had shown their enthusiasm for the bond and promised to have serious deliberations about lowering the age limit of the citizens expected to donate from the current 10 year minimum and lower it to 7.5 years to give the younger generation a chance at early active citizenship.

There was speculation a few years ago when the government insisted that citizens would compelled to give information about their blood types and bank account passwords as part of the National Integrated Identity Management System data collection exercise. The government insisted that the blood data was for an internet personality test and that we would all get the results through a game app the government was creating.

A large portion of the last round of financing was spent on the Financing Underprivileged Children in Kenya initiative which saw scandals in the accountability of the funds with the government at odds to explain why there was a hospital full of pregnant women chained to their beds as part of the program. The government later claimed that the women were auditioning for a movie to be shot by the Kenya Film Commission.

President Kenyatta assured Kenyans that children’s homes being turned into blood donation farms wouldn’t affect the poor quality of care that the children already endured.

Kenyans were given a month to comply with the directive or they would have Kenya Revenue Authority officers at their offices, homes, churches and places of worship enforcing the law.

King Salman of Saudi Arabia lauded the innovate efforts by Kenya and promised support for the program through ensuring that all the Kenyan slaves in his country would also donate blood and send it back home.

The bond comes just as parliament accused the treasury of masking budget deficits through inflating revenue projections by Sh78 billion while overshooting the approved budget ceiling by Sh78 billion.

The Kenya Medical Practitioners, Pharmacists and Dentists Union declined to comment on the issue but instead reminded us that doctors were still waiting for the government to honour the collective bargaining agreement that they signed.

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