Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on September 16, 2021, 08:06:21 AM
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Actually no need to pay off debt.
Just stop borrowing - finance the budget with proceeds from sales
And after couple of years - debt will drop to proper level.
https://www.the-star.co.ke/opinion/leader/2021-09-16-sell-off-safaricom-kpc-to-reduce-debt-burden/
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You forgot to mention the Nairobi National Park. :D
Actually no need to pay off debt.
Just stop borrowing - finance the budget with proceeds from sales
And after couple of years - debt will drop to proper level.
https://www.the-star.co.ke/opinion/leader/2021-09-16-sell-off-safaricom-kpc-to-reduce-debt-burden/
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Yes - gov has two options - or 3 - 1) tax your to death 2) borrow from future generation 3) sell it's asset including it's land. When I was in Uganda - Museveni was not shy to cut forest - and give it to investors...now if you go from Mabira to Mukono-nakawa - there is huge industrial base.
You forgot to mention the Nairobi National Park. :D
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See that whole Namnave now is industries - land was given out to investors - land that use to be a forest
https://www.observer.ug/component/content/article?id=14830:mabira-uproar-evokes-memories-of-namanve-kalangala-give-aways
(http://kampalapost.com/sites/default/files/2021-01/maxresdefault.jpg)
The current fight over Mabira brings back memories of similar decisions by government to allocate forest land to investors—as well as the battles that have always ensued. In 1997, government degazetted part of Namanve forest, 10 KM from Kampala along Jinja Road, for the purpose of establishing an industrial park.
In 2005, it allocated forest land to Bidco to grow palm trees to facilitate production of vegetable oil. But to what extent has the country befitted economically from these projects? Edris Kiggundu explores this question by assessing the impact the two projects have had on the communities and the entire county.