Samson Ndindi Nyoro, the honourable MP for Kiharu, is the 12th largest shareholder of the Kenya Power & Lighting Company Ltd. pic.twitter.com/DZu1nJNUtQ
— Mungai Kihanya (@mungaikihanya) February 16, 2022
Why has the first family not featured yet they have invested in plain sight in this sector?
Best CDF ManagerHe is number two or three on my list in the Mountain. Kimani Ichung'wah is a true honest hustler in Kenya. A sincere, straightforward, and dependable guy from a humble background. The kind of a guy that would buy you soda on a dusty, sunny day on Waiyaki way and give you transport. And yes, when he had his butchery shop, he sold excellent steaks, matumbo, and more. DP was his number one customer, and it was a joy going to pick nyama every other day from his butchery!
This guy who became MP @30yrs- born 1985 - is already giving Uhuru hell.
If he stick around Ruto for 10yrs - he will surprise the Gachaguas
He knows how to make money.Samson Ndindi Nyoro, the honourable MP for Kiharu, is the 12th largest shareholder of the Kenya Power & Lighting Company Ltd. pic.twitter.com/DZu1nJNUtQ
— Mungai Kihanya (@mungaikihanya) February 16, 2022
He is number two or three on my list in the Mountain. Kimani Ichung'wah is a true honest hustler in Kenya. A sincere, straightforward, and dependable guy from a humble background. The kind of a guy that would buy you soda on a dusty, sunny day on Waiyaki way and give you transport. And yes, when he had his butchery shop, he sold excellent steaks, matumbo, and more. DP was his number one customer, and it was a joy going to pick nyama every other day from his butchery!
Yes Ichungwa too. In kikuyu he seems unbeatable. But I hear that Kimani come from rich family - that father owns several apartments in kikuyu. The father I think grew up in Londiani and married a kipsigis woman - so Ichungwa is half-kalenjin and that is propaganda they were trying to use on him.No, Kimani grew up in a peasant family worse than you and DP. His siblings are hustlers till today!He is number two or three on my list in the Mountain. Kimani Ichung'wah is a true honest hustler in Kenya. A sincere, straightforward, and dependable guy from a humble background. The kind of a guy that would buy you soda on a dusty, sunny day on Waiyaki way and give you transport. And yes, when he had his butchery shop, he sold excellent steaks, matumbo, and more. DP was his number one customer, and it was a joy going to pick nyama every other day from his butchery!
No, Kimani grew up in a peasant family worse than you and DP. His siblings are hustlers till today!
I see, yes I know from his interviews, he use to go buying cows all over, and eventually he left the butchery to his sister. Lots of internet rumours. But he must be doing such a good job - he is almost untouchable in Kikuyu. He run unopposed last time. This time I see he has 70 percent support - nobody else come close in all the Mizani polls I have seen.Kimani Ichungwah as budget committee chairman couldn't hold government in check to halt runaway debt binge which has devastated the economy. And the guy has the audacity to decry the terrible economy kenyans are experiencing. This are people who shouldn't be anywhere near leadership especially that affects economy.
He run the budget comittee in parliament like a boss - definitely see him becoming Min of Finance - and Nyoro Min of SMES - those two are the future of kikuyu nation - young, brilliant, committed, hardworking and brave leaders - in them I see the young Ruto of 90s.
Sio hawa walevi wetu :) na bhangi na Shisha kilimani Lounges types.
These kind of leaders - Ndidi, Kimani and Ruto are rare in kenya - and are exemplary in everything they do.No, Kimani grew up in a peasant family worse than you and DP. His siblings are hustlers till today!
Why has the first family not featured yet they have invested in plain sight in this sector?
Kimani Ichungwah as budget committee chairman couldn't hold government in check to halt runaway debt binge which has devastated the economy. And the guy has the audacity to decry the terrible economy kenyans are experiencing. This are people who shouldn't be anywhere near leadership especially that affects economy.
I think certain aspect of budget making are reserved for finance ministry and Uhuru kenyatta. Ichungwa job is principally to mediate all the disparate needs but definitely the ministry of finance has the say in fiscal policies it want to pursue. So if economy tanked due to debt - blame Uhuru.Yes I blame jubilee government . Treasury gives a proposal, parlaiment has to approve and amend the budget. Budget committee is the most powerful committee in parliament cause it allocates funds. As the chairman of budget committee he either abdicated his responsibility or he fully agreed with treasury. Hence he should be the last person to complain about the economy or be anywhere near economy levers.Kimani Ichungwah as budget committee chairman couldn't hold government in check to halt runaway debt binge which has devastated the economy. And the guy has the audacity to decry the terrible economy kenyans are experiencing. This are people who shouldn't be anywhere near leadership especially that affects economy.
I think we need DMO - as debt mgt body as independent body that will maintain debt register and decide which debt to take - otherwise minister of finance now enjoys unfettered powers to bankrupt kenya
It finally cracked through your skull that debt is a bad thing.
I remember you talking reckless claiming debt is NEVER a problem for governments, that we should take on 100 year maturity bonds, build infrastructure ad infinitum.
hk lessons are bearing fruit.
Typical ODmoron. Debt is not a bad thing. Unlike you I am not an extremist. Debt is leverage. But we need responsible borrowing. I have said time with number that Kenya should alternate btw borrowing, self financing by selling it's assets and refinancing. This is called debt management.
I totally disagree with anybody that say gov should go back to twiddling it's fingers insted of borrowing or selling assets like safaricom to continue with needed public investment - in roads, schools, etc.
If a poor country like us stop building this stuff - then we remain in stone age forever.
If someone out there has 100B dollars willing to lend us now - to be repaid over next 100yrs -IN LOW interest... I WOULD TAKE IT and use it to completely BRIDGE OUR INFRASTRUCTURE DEFICIT - make sure everyone has electricity, paved road, piped clean water, sewage and then repay annually for next 100yrs....with little interest. THAT IS LEVERAGE.
Look at Ghana - they did 30yr bond with interest of 8.9 percent - Kenya can get lower interest than that.
Now Ghana are planning 50yr old bond - give 30yr old was 7 times oversubscribed. There is a lot of money out there - that is getting wasted in bitcoins - bitcoins is worth trillion - we just need 100B - and we fix our infrastructure deficit - our country will have similar infrastructure as developed world - expressways, metros, subways, fast internet, piped water, electricity - and we just pay debt every year - for 50yrs - and do maintanance of existing infrastructres - interest+Maintance is small bill.
After you fix your infrastructure - you become "developed" - the maendeleo phase ends - people wont be clapping or opening roads or railways - MAENDELEO will be a foreign word.
Then we know start talking ECONOMY (UCHUMI) - oil the economy - because the foundation is set. Then you guys can now transfer you pesa nane argument from US to Kenya.
https://www.ft.com/content/25f09a0e-4bec-11e9-8b7f-d49067e0f50d
Ghana's sovereign dollar bonds tumbled on Monday after Moody's slashed the country's credit rating, saying it faced an increasingly difficult task of addressing liquidity and debt challenges - a move sharply criticised by the government.
Moody's cut its rating from B3 to CAA1 late on Friday, saying Ghana's debt was subject to "very high credit risk", and estimating that interest payments would absorb more than half of government revenues for the foreseeable future.
Analysts had warned that fast-rising debt levels and choking interest payments were putting Ghana at growing risk of a debt crisis, with debt forecast to reach 85% of gross domestic product.
"In our view, the authorities' fiscal consolidation plans — now including a reduction of up to 20% of projected 2022 expenditures — are insufficient to address Ghana primary fiscal issue of high borrowing costs," Bojosi Morule at Goldman Sachs said in a note on Monday.
Ghana said earlier this year it planned to issue 24.5 billion Ghanaian cedi ($3.92 billion) of bonds in the first quarter of 2022. However, with international bond yields above 10% since the fourth quarter and currently at nearly 13%, Ghana is effectively shut out of financial markets. Its local 10-year sovereign bonds yield nearly 22% - their highest level since the pandemic market rout in early 2020.
That is your fake spin. Here is the real story