Nipate
Forum => Kenya Discussion => Topic started by: Nowayhaha on January 18, 2023, 09:47:02 PM
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Ruto is. his wife has a table banking thing going on. Now ruto is going big. Financial services is where the munono ya kenya is at. Kid will be rich style ya Moi.
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Only vituko is Nowayhaha joining odm
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WHY???
A great leader should not be a Trump - engaged in business, rather the business of leading people.
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WHY???
A great leader should not be a Trump - engaged in business, rather the business of leading people.
it is kenya. he can do both as is the tradition
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Im not an Odmer , you are by heart. I dont subscribe ro their ideals , you do .
I mean If it Ruto no worries , All 4 prior Kenyan Presidents had interests in Banks .
If Ruto wants to own a bank he should do it through proxies like Kibaki .Uhuru was lucky by capturing Safaricom and everything related to Mpesa. Mois was a disaster for any bank he tried to own with Biwott and Co collapsed .
If he comes up openly that he is getting a bank it will be used against him in a deadly manner. People revolted against Uhuru coz he was shouting Ruto ni mwizi while he was the one looting openly and it became an open secret with his banks , KQ and several projects in the air. Is Ruto taking the same steps ? You continue pretending to defend him a bad move is a bad move .
Only vituko is Nowayhaha joining odm
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Im not an Odmer , you are by heart. I dont subscribe ro their ideals , you do .
I mean If it Ruto no worries , All 4 prior Kenyan Presidents had interests in Banks .
If Ruto wants to own a bank he should do it through proxies like Kibaki .Uhuru was lucky by capturing Safaricom and everything related to Mpesa. Mois was a disaster for any bank he tried to own with Biwott and Co collapsed .
If he comes up openly that he is getting a bank it will be used against him in a deadly manner. People revolted against Uhuru coz he was shouting Ruto ni mwizi while he was the one looting openly and it became an open secret with his banks , KQ and several projects in the air. Is Ruto taking the same steps ? You continue pretending to defend him a bad move is a bad move .
Only vituko is Nowayhaha joining odm
I don't respond to nonsense from ledama without any facts.Youre well on your way to joining him peddle rumours. Why do you need a bank to launder money in 2023...Ruto has survived without one..this far.Again there will be usual rumours that Ruto is corrupt bla bla but only clear evidence will suffice..not baseless rumours meant to divert attention from Bomas.Most money laundering will happen through Mauritius...than any other country..this been the deal since kibaki era
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You have just been told Rutos modus operandi by Lewela. You need Banks to plunder big money.
Kenyan politics is all about money so yes I do understand why Ruto would be going that route.
However he should learn from the likes of Putin use proxies and most important thing is revive economy and create wealth and jobs.
Taxing the poor and using that money in unproductive ways like settling and debt and enriching new elite money is not a solution.
If he was taxing the super rich and using that money to lend hustlers to start saccos thats a whole different situation.
I hope you understand where Im coming from Kibakis support for Equity and reviving KCB made them what they are is giants in East Africa that was commendable , Ruto should emulate this rather than do what Moi and Biwott were doing in 90s .
Im not an Odmer , you are by heart. I dont subscribe ro their ideals , you do .
I mean If it Ruto no worries , All 4 prior Kenyan Presidents had interests in Banks .
If Ruto wants to own a bank he should do it through proxies like Kibaki .Uhuru was lucky by capturing Safaricom and everything related to Mpesa. Mois was a disaster for any bank he tried to own with Biwott and Co collapsed .
If he comes up openly that he is getting a bank it will be used against him in a deadly manner. People revolted against Uhuru coz he was shouting Ruto ni mwizi while he was the one looting openly and it became an open secret with his banks , KQ and several projects in the air. Is Ruto taking the same steps ? You continue pretending to defend him a bad move is a bad move .
Only vituko is Nowayhaha joining odm
I don't respond to nonsense from ledama without any facts.Youre well on your way to joining him peddle rumours. Why do you need a bank to launder money in 2023...Ruto has survived without one..this far.
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The Ruto I know publicly want to transform kenya - not to plunder it. I am not sure why you feel the need to bring tribalism into this - of our thief was better than your thief.
I believe Ruto needed money to ascend power - so he can transform kenya - and become something great than just a rich president. It was a means to an end. Not the end goal.
I dont think Uhuru or Moi lived happily thereafter with all the money - zero respect/legacy - rejection by their own people. Moi died bitter. Uhuru will die bitter.
Ruto should focus on transforming kenya - he will be richer than way - than if he was to plunder kenya, sink the economy like ufool and end up in shame.
Post retirement - he will be hailed as the father of modern kenya - will be respected globally - and that should really be his aim. How much money is enough?
You have just been told Rutos modus operandi by Lewela. You need Banks to plunder big money.
Kenyan politics is all about money so yes I do understand why Ruto would be going that route.
However he should learn from the likes of Putin use proxies and most important thing is revive economy and create wealth and jobs.
Taxing the poor and using that money in unproductive ways like settling and debt and enriching new elite money is not a solution.
If he was taxing the super rich and using that money to lend hustlers to start saccos thats a whole different situation.
I hope you understand where Im coming from Kibakis support for Equity and reviving KCB made them what they are is giants in East Africa that was commendable , Ruto should emulate this rather than do what Moi and Biwott were doing in 90s .
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https://nation.africa/kenya/news/oxfam-uhuru-kenyatta-s-family-four-others-richer-than-22-million-people-combined-4090746
Kenya’s top four richest individuals have more wealth than nearly half of the population, a new report by the global movement on alleviation of poverty, Oxfam, has revealed.
Oxfam says the four super-rich persons — who have not been named — have a combined wealth of Sh333 billion, which is more than what 22 million poorest Kenyans (the bottom 40 per cent) own.
A different Oxfam report in January last year listed Samir Naushad Merali, Bhimji Depar Shah, Jaswinder Singh Bedi and former President Uhuru Kenyatta’s family as the top four richest in the country, with a combined wealth of Sh311.7 billion.
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In the new findings that show growing economic inequalities in the country, Oxfam also revealed that Kenya’s richest 130 individuals own wealth equivalent to 70 per cent of the country’s current budget (Sh3.3 trillion), or 19 per cent of its Gross Domestic Product (GDP).
“The analysis shows that there are 1,890 individuals in Kenya with a net worth of $5 million (Sh615 million) or more, with wealth totalling $39.9 billion (Sh4.9 trillion). This also includes 130 individuals with $50 million (Sh6.15 billion) or more with a combined wealth of $18.7 billion (Sh2.3 billion),” Oxfam stated.
The 1,890 individuals, about 0.003 per cent of Kenya’s population, own wealth equivalent to 37.8 per cent of Kenya’s Sh12.09 trillion GDP by 2021.
“The analysis shows that the increasing extreme wealth of the rich and increasing extreme poverty of the poor driven by low taxes on the richest Kenyans by virtue of tax breaks, incentives, avoidance and evasion, alongside unfairly higher taxes on poorest Kenyan’s, directly through income tax and indirectly through taxes on fuel, food and basic commodities, is a social ill and a shame,” Dr John Kitui, Oxfam Kenya’s Country Director, said.
Oxfam conducted the analysis together with the Fight Inequality Alliance, Institute for Policy Studies and the Patriotic Millionaires, showing a growing level of extreme wealth in Kenya.
Read: KRA list reveals Kenya’s billionaire taxpayers
It showed that, in the past decade, Kenyans with a net worth of Sh615 million and above have seen their wealth grow by 72 per cent in real terms. Their population, on the other hand, has grown by 134 per cent, the analysis shows.
“Kenya super-rich are increasingly amassing enormous wealth even as most Kenyans grapple with the impact of the Covid-19 pandemic, rocketing prices of basic items, drought and unemployment,” Oxfam notes.
“The richest five individuals in Kenya are the same people ranked in the previous report but they might have gotten wealthier,” Mr Andrew Gogo, Fiscal Justice Strategist at Oxfam Kenya told the Nation yesterday.
Mr Gogo further shared a list of the top five richest individuals in the country, according to data from WealtX, as being Mr Merali, Mr Shah, Mr Bedi, Mr Kenyatta and Mr Mahendra Nanji Mehta with a combined wealth valued at $3.2 billion.
The details reveal the growing economic inequalities, with millions of Kenyans across half of the country facing acute hunger.
Drought crisis
The latest report from National Drought Management Authority (NDMA) shows that the drought situation remains critical in 22 of the 23 counties classified as arid and semi-arid lands (Asals) due to delayed and poor performance of the October- December 2022 short rains, coupled with four previous consecutive failed rainfall seasons.
NDMA in the January update said Asal counties — Kilifi, Mandera, Marsabit, Samburu, Turkana, Wajir, Isiolo, Kitui and Kajiado — are in alarm drought phase while 13 counties, including Garissa, Lamu, Narok, Tana River, Makueni, Tharaka Nithi, Baringo, Laikipia and Meru, are in Alert drought phase.
Read: ‘Millionaire club’ in Kenya swelling rapidly – report
“We have noted that Marsabit, Mandera, Garissa, Baringo and Isiolo counties have high rates of children at risk of malnutrition. The long rains assessment conducted in July 2022 had projected that 4.35 million people would require relief assistance by December,” noted NDMA.
Recent reports by at least four public and private organisations showed that six counties hosting 10 million Kenyans are at risk of acute hunger this year, extending the ravaging situation witnessed through 2022.
pmburu@ke.nationmedia.com; mesimiyu@ke.nationmedia.com
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I look at politics from prism of reality and pragmatism . Im not a theorist like you . Yes Ruto will want to recoup and get some more money to use for his reelection bid in 2027 . This include buying Mps to pass favorable laws ,biddings and campaign money for 2027 including buying politicians . He needs more money now than he needed when coming up and yes he is bound to get it.
My point is he needs to also ensure he revives the economy and resolve joblessness issue. If he focuses on the latter it will be a guarantee for relection and will need less money for his 2027 project. If he focuses on getting money it will not be definite he will be re-elected.
Where is tribalism coming in ? When I say uhurus looted then its fine but when I mention Moi looted it becomes tribalism . Then you say you are not a Moist ?
The Ruto I know publicly want to transform kenya - not to plunder it. I am not sure why you feel the need to bring tribalism into this - of our thief was better than your thief.
I believe Ruto needed money to ascend power - so he can transform kenya - and become something great than just a rich president. It was a means to an end. Not the end goal.
I dont think Uhuru or Moi lived happily thereafter with all the money - zero respect/legacy - rejection by their own people. Moi died bitter. Uhuru will die bitter.
Ruto should focus on transforming kenya - he will be richer than way - than if he was to plunder kenya, sink the economy like ufool and end up in shame.
Post retirement - he will be hailed as the father of modern kenya - will be respected globally - and that should really be his aim. How much money is enough?
You have just been told Rutos modus operandi by Lewela. You need Banks to plunder big money.
Kenyan politics is all about money so yes I do understand why Ruto would be going that route.
However he should learn from the likes of Putin use proxies and most important thing is revive economy and create wealth and jobs.
Taxing the poor and using that money in unproductive ways like settling and debt and enriching new elite money is not a solution.
If he was taxing the super rich and using that money to lend hustlers to start saccos thats a whole different situation.
I hope you understand where Im coming from Kibakis support for Equity and reviving KCB made them what they are is giants in East Africa that was commendable , Ruto should emulate this rather than do what Moi and Biwott were doing in 90s .
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I am not going to engage is which thieving in better or not.
Moi was thief just like Kibaki and uhuru - but end of day - Kibaki might look slightly better than two.
Kibaki handed a thriving economy - Moi and Uhuru brought kenya economy to its knees.
That is their true legacy. Both had their successor and politics rejected by kenyans in 2002 and 2022. A clear indictment of their misrule.
Ruto should concentrate on transforming kenya.
He is politically unchallenged for the next decade.
Ruto should definitely benefit from growth of economy just like you and me.
If economy grows - he should similarly grow his wealth - by investing in growth sectors.
If we start discussing how to steal "better" - we have lost the plot
I look at politics from prism of reality and pragmatism . Im not a theorist like you . Yes Ruto will want to recoup and get some more money to use for his reelection bid in 2027 . This include buying Mps to pass favorable laws ,biddings and campaign money for 2027 including buying politicians . He needs more money now than he needed when coming up and yes he is bound to get it.
My point is he needs to also ensure he revives the economy and resolve joblessness issue. If he focuses on the latter it will be a guarantee for relection and will need less money for his 2027 project. If he focuses on getting money it will not be definite he will be re-elected.
Where is tribalism coming in ? When I say uhurus looted then its fine but when I mention Moi looted it becomes tribalism . Then you say you are not a Moist ?
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You were trying to insinuate that Iam a tribalist , i just gave you an example of Uhuru and Moi . I didnt bring a topic of who still better they are both looters and they didnt loot for their tribes .
So whats the bone of contention when you echo what im saying that Ruto will try to get his investment back but he should also focus on reviving Kenyas economy and tackle joblessness . If he gets that right he will have an easy ride come 2027 if he gets that wrong he will have a tough time come 2027 . If he wants to recoup money owning a bank is not the right route , this will be used against him politically .
I am not going to engage is which thieving in better or not.
Moi was thief just like Kibaki and uhuru - but end of day - Kibaki might look slightly better than two.
Kibaki handed a thriving economy - Moi and Uhuru brought kenya economy to its knees.
That is their true legacy. Both had their successor and politics rejected by kenyans in 2002 and 2022. A clear indictment of their misrule.
Ruto should concentrate on transforming kenya.
He is politically unchallenged for the next decade.
Ruto should definitely benefit from growth of economy just like you and me.
If economy grows - he should similarly grow his wealth - by investing in growth sectors.
If we start discussing how to steal "better" - we have lost the plot
I look at politics from prism of reality and pragmatism . Im not a theorist like you . Yes Ruto will want to recoup and get some more money to use for his reelection bid in 2027 . This include buying Mps to pass favorable laws ,biddings and campaign money for 2027 including buying politicians . He needs more money now than he needed when coming up and yes he is bound to get it.
My point is he needs to also ensure he revives the economy and resolve joblessness issue. If he focuses on the latter it will be a guarantee for relection and will need less money for his 2027 project. If he focuses on getting money it will not be definite he will be re-elected.
Where is tribalism coming in ? When I say uhurus looted then its fine but when I mention Moi looted it becomes tribalism . Then you say you are not a Moist ?
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RUTO should legitimately grow his wealth...looting will always end badly
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What is legitimate in Kenya? Did he aquire his wealth legitimately?
RUTO should legitimately grow his wealth...looting will always end badly
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As far as I know yes.
What is legitimate in Kenya? Did he aquire his wealth legitimately?
RUTO should legitimately grow his wealth...looting will always end badly