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Forum => Kenya Discussion => Topic started by: Gikomba_Hawker on May 31, 2021, 11:45:35 PM

Title: Kenya Lawmakers Balk as Debt Servicing Costs Jump to $11 Billion
Post by: Gikomba_Hawker on May 31, 2021, 11:45:35 PM

Kenya Lawmakers Balk as Debt Servicing Costs Jump to $11 Billion
https://www.bloomberg.com/news/articles/2021-05-31/kenya-lawmakers-balk-as-debt-servicing-costs-jump-to-11-billion

Title: Re: Kenya Lawmakers Balk as Debt Servicing Costs Jump to $11 Billion
Post by: RV Pundit on June 01, 2021, 12:15:31 AM

Kubaya. Gov is broke, dependant on IMF and donors.

Title: Re: Kenya Lawmakers Balk as Debt Servicing Costs Jump to $11 Billion
Post by: Arcadian_Dreamer on June 01, 2021, 04:45:14 PM

Quote from: RV Pundit on June 01, 2021, 12:15:31 AM

Kubaya. Gov is broke, dependant on IMF and donors.

SGR albatross is gonna kill the economy, it should never have been built. Best thing would have to rehabilitate the old line but they had to pay connected land owners all across its path, pay bigwigs tenderpreneur firms, Chinese kickbacks, endless pilfering across the supply chain. Undisciplined as Mwafrika is, cycles of indebtedness and default will keep repeating forever. The excuse of building infrastructure is very convenient. Left to their devices they will sell their mother to the highest bidder - China, then call it a win-win  :D

Title: Re: Kenya Lawmakers Balk as Debt Servicing Costs Jump to $11 Billion
Post by: Kadudu on June 01, 2021, 05:20:33 PM

We told since 2013, looting state coffers as if there is no tomorrow cannot go well forever. Jubilee was a gangster's paradise till the state coffers run dry in 2018. Blame it on Raila, but he joined Uhuru when the looting spree was over and our duo on top of government had increased their wealth enormously in the years between 2013 and 2017.

Quote from: RV Pundit on June 01, 2021, 12:15:31 AM

Kubaya. Gov is broke, dependant on IMF and donors.