Ruto - Form the damn commission of inquiry now to investigate handshake regime

[hk]

State is captured by people close or within the government. KK if they were serious about state capture, they'd have dismantled tools of state capture i.e regulatory and policy formulation. Instead everything is intact so that its captured by the new elites, case in point is KNTC.
KK regime had a golden opportunity to cut spending to stabilize macros, the spending cuts would have been painful especially to tenderprenurs and other leeches. But within 6 months capital would have started flowing to the private sector spurring economic growth. Now 6 months down the road government is borrowing at 12% short term and 16% long term and rising. Populist initiatives like hustler funds are hemorrhaging money with little benefit to overall economy.
In a nutshell kk regime problem isn't opposition, its the economy.

Predictably the fiscal strain is only getting worse. Populist demand economic interventions don't spur economic growth case in point hustler fund. Govt is borrowing at 16% but its suppose to lend at 8% to hustlers, this clearly isnt sustainable https://www.businessdailyafrica.com/bd/economy/cheap-loans-dry-up-as-hustler-fund-budget-cut-to-sh5bn--4418612 .
Its either we cut our budget(reduce spending) or the markets are going to force us to. Default loading.

[gout]

Without dynasties blood on the streets it has to be hasoras blood. They are saying they don't want destabilization. How was it hard to get Hustler Fund as fuliza riding on Mpesa?

The CBC is already having a crazy effect on the budget and it yet actualize fully.

Unga still at past 150 mark.

[sema]

Default loading.

What is your opinion on what Ndii is doing?

[RV Kirgit]

I think Ndii is a Marxist actually working to forment a revolution. His ties with evil society must be deep, including Soros, et. al.

Ruto gov lent itself as a host to work from within on a strategic plan to take Kenya to communism republic.

[hk]

Default loading.

What is your opinion on what Ndii is doing?

What's more important and crucial is market reaction. Government isnt able to borrow longterm and  even shortterm now its at 15% plus interest rate. As it is now government wont be able to rollover eurobond. Its increasingly likely that kenya will default,

Uhuru’s debt legacy nightmare. A trillion domestic redemption in 2023. It’s a miracle we’ve not defaulted. Foreign redemptions double in 2024. If US rates don’t ease for markets to open for frontier economies…its a wing and a prayer. Over to you churchgoers. pic.twitter.com/P0noP5U7D1

— David Ndii (@DavidNdii) October 29, 2023

[patel]

What should we expect if kenya default?
Big chunk of debt is domestic owned, will this take banks down?

Default loading.

What is your opinion on what Ndii is doing?

What's more important and crucial is market reaction. Government isnt able to borrow longterm and  even shortterm now its at 15% plus interest rate. As it is now government wont be able to rollover eurobond. Its increasingly likely that kenya will default,

Uhuru’s debt legacy nightmare. A trillion domestic redemption in 2023. It’s a miracle we’ve not defaulted. Foreign redemptions double in 2024. If US rates don’t ease for markets to open for frontier economies…its a wing and a prayer. Over to you churchgoers. pic.twitter.com/P0noP5U7D1

— David Ndii (@DavidNdii) October 29, 2023

[Nowayhaha]

The money in banks will be frozen and Govt will use it to offset debt and run the public sector.
You will have a limit of how much one can withdraw daily, weekly and monthly .
When money is out circulation the economy will depreciate .
Investors will also get hold of the news before and there will be capital flight . Then Kenya will go to a recession , possibilty of even a Government shutdown .

What should we expect if kenya default?
Big chunk of debt is domestic owned, will this take banks down?

Default loading.

What is your opinion on what Ndii is doing?

What's more important and crucial is market reaction. Government isnt able to borrow longterm and  even shortterm now its at 15% plus interest rate. As it is now government wont be able to rollover eurobond. Its increasingly likely that kenya will default,

Uhuru’s debt legacy nightmare. A trillion domestic redemption in 2023. It’s a miracle we’ve not defaulted. Foreign redemptions double in 2024. If US rates don’t ease for markets to open for frontier economies…its a wing and a prayer. Over to you churchgoers. pic.twitter.com/P0noP5U7D1

— David Ndii (@DavidNdii) October 29, 2023

[Kadudu]

I do not get it why David Ndii keeps on blaming the past regime, of which his current boss also played a major role. The current regime cannot keep on blaming the past regime. It has shown no signs of taking any austerity measures on its part. In fact the government has become larger under Ruto. Government expenditure has exploded under Ruto. How will these guys sell austerity to Kenyans when they practice the exact opposite?

[hk]

The money in banks will be frozen and Govt will use it to offset debt and run the public sector.
You will have a limit of how much one can withdraw daily, weekly and monthly .
When money is out circulation the economy will depreciate .
Investors will also get hold of the news before and there will be capital flight . Then Kenya will go to a recession , possibilty of even a Government shutdown .

What should we expect if kenya default?
Big chunk of debt is domestic owned, will this take banks down?

Default loading.

What is your opinion on what Ndii is doing?

What's more important and crucial is market reaction. Government isnt able to borrow longterm and  even shortterm now its at 15% plus interest rate. As it is now government wont be able to rollover eurobond. Its increasingly likely that kenya will default,

Uhuru’s debt legacy nightmare. A trillion domestic redemption in 2023. It’s a miracle we’ve not defaulted. Foreign redemptions double in 2024. If US rates don’t ease for markets to open for frontier economies…its a wing and a prayer. Over to you churchgoers. pic.twitter.com/P0noP5U7D1

— David Ndii (@DavidNdii) October 29, 2023

Incase of default (local debt) the treasury bills would be restructured and new ones would be issued. Deposit wouldn't be confiscated unless the restructuring resulted in banks rans e.g chase bank.

[Nowayhaha]

HK Im telling you what will hapoen within the next 1-2 years.

The money in banks will be frozen and Govt will use it to offset debt and run the public sector.
You will have a limit of how much one can withdraw daily, weekly and monthly .
When money is out circulation the economy will depreciate .
Investors will also get hold of the news before and there will be capital flight . Then Kenya will go to a recession , possibilty of even a Government shutdown .

What should we expect if kenya default?
Big chunk of debt is domestic owned, will this take banks down?

Default loading.

What is your opinion on what Ndii is doing?

What's more important and crucial is market reaction. Government isnt able to borrow longterm and  even shortterm now its at 15% plus interest rate. As it is now government wont be able to rollover eurobond. Its increasingly likely that kenya will default,

Uhuru’s debt legacy nightmare. A trillion domestic redemption in 2023. It’s a miracle we’ve not defaulted. Foreign redemptions double in 2024. If US rates don’t ease for markets to open for frontier economies…its a wing and a prayer. Over to you churchgoers. pic.twitter.com/P0noP5U7D1

— David Ndii (@DavidNdii) October 29, 2023

Incase of default (local debt) the treasury bills would be restructured and new ones would be issued. Deposit wouldn't be confiscated unless the restructuring resulted in banks rans e.g chase bank.