Ruto thought that he was going to bring back Moi error politics of division and nyakuaring. It was supposed to be greed and gluttony for him and his friends, it was to bring him close financially to the people he admires the most, the Kenyattas and Moi’s. He forgot that he is leading an era of information and enlightenment, a simple whistleblower can send people in the streets. The people have also learned the power of anger, not everything that happens is God’s will, the churches cannot hide and make Kenyans act like lambs. People have to start asking questions like “ why are 100 kids dead in a dorm fire, who is responsible?” They cannot run to churches to pray. Kenya will change and like Patel said, from here on, its crisis after crisis. I also agree that 2027 looks very dicey, if elections are stolen, we are done, declared bankrupt and ready to be auctioned to the highest bidder.
Chirchir should fire those KAA and hire new ones. Adani are promising to invest 2.5B dollars. This world 11th richest man. Ignore the noise and proceed to negotiate a good deal for kenya.
We have proposal - negotiate with Adani - share the proposed contract to kenyans - and if it good - sign.
He proposes to invest around 200B for a 30 year plan and later have an equity of 18 % eternally :o.
Just check hoe much the airport generates yearly . It really doesnt make sense .
Then rumours are Rutto has Pocketted a Billion out of the deal and the rest take all the share of the other Billion .
It wont end up well …….Even Uhurrus uncle just ate slowly from revenue and projects not selling or giving away the airport . This is on another level
He proposes to invest around 200B for a 30 year plan and later have an equity of 18 % eternally .
Just check hoe much the airport generates yearly . It really doesnt make sense .
Then rumours are Rutto has Pocketted a Billion out of the deal and the rest take all the share of the other Billion .
It wont end up well …….Even Uhurrus uncle just ate slowly from revenue and projects not selling or giving away the airport . This is on another levelChirchir should fire those KAA and hire new ones. Adani are promising to invest 2.5B dollars. This world 11th richest man. Ignore the noise and proceed to negotiate a good deal for kenya.
We have proposal - negotiate with Adani - share the proposed contract to kenyans - and if it good - sign.
He proposes to invest around 200B for a 30 year plan and later have an equity of 18 % eternally .
Just check hoe much the airport generates yearly . It really doesnt make sense .
Then rumours are Rutto has Pocketted a Billion out of the deal and the rest take all the share of the other Billion .
It wont end up well …….Even Uhurrus uncle just ate slowly from revenue and projects not selling or giving away the airport . This is on another levelChirchir should fire those KAA and hire new ones. Adani are promising to invest 2.5B dollars. This world 11th richest man. Ignore the noise and proceed to negotiate a good deal for kenya.
We have proposal - negotiate with Adani - share the proposed contract to kenyans - and if it good - sign.
Even the illiterates in Kenya would not sign such a deal. Is there any trade agreement that is signed for eternity? Which stupid Kalejin negotiated this deal?
He could have reformed, get rid of incompetent and corrupt thugs in the government like Murkomen but instead he chose confrontation politics. It will be crisis after crisis in UDA-ODM government until 2027. Culminating to a heavily contested Presidential election that will lead to violence. We are on a very dangerous path. Totally unchartered territory. Handshake or bread based government cannot fix this!
There is no deal.
ADANI sent a proposal.
?ref_src=twsrc%5Etfw">September 11, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>We have managed to uncover some of the shocking terms in the agreement with Adani Airport Holdings Ltd.
— Moe (@moneyacademyKE) September 11, 2024
Thread below.
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?ref_src=twsrc%5Etfw">September 11, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The agreement with Adani Airport Holdings Ltd specifies that any interruptions due to court actions, parliamentary decisions, or protests will require Adani to be compensated for both losses and anticipated profits.
— Moe (@moneyacademyKE) September 11, 2024
Disputes will be resolved through international arbitration in…
Under Adani’s proposal, KAA employees may need to renegotiate their contracts, with potential job losses for some.
— Moe (@moneyacademyKE) September 11, 2024
Adani will hire only a portion of the current workforce under new terms and conditions, and seeks to employ non-Kenyan workers
?Tax Exemptions and Financial Arrangements:
— Moe (@moneyacademyKE) September 11, 2024
The concessionaire is eligible for tax breaks on corporate income for any 10 years within the first 15 years of the Airport and CSD Concessions.
All financial matters, including revenues, expenses, insurance, and security deposits, will be transferred to the concessionaire.
— Moe (@moneyacademyKE) September 11, 2024
Adani is also seeking favorable tax policies, including exemptions from corporate tax for specific years
On the Air Passenger Service Charge Act
— Moe (@moneyacademyKE) September 11, 2024
The Air Passenger Service Charge Act sets a service charge of USD 50 for international flights and Sh600 for domestic flights.
Revenue from this charge is divided among Kenya Airports Authority (KAA) (60% for international and 50% for domestic flights), the Kenya Civil Aviation Authority, and the Tourism Promotion Fund.
— Moe (@moneyacademyKE) September 11, 2024
Adani’s proposal includes amending this Act to allow it to set charge amounts and retain the share usually allocated to KAA. The concessionaire will also manage the collection of these charges.
— Moe (@moneyacademyKE) September 11, 2024
Adani Airport Holdings Ltd will take control of all non-aeronautical assets at JKIA from the Effective Date.
— Moe (@moneyacademyKE) September 11, 2024
The company will handle all operations and financial transactions related to the airport.
Adani plans to set its own service charges and ensure an equity (IRR) of 18%,…
Non-Aeronautical Sources:
— Moe (@moneyacademyKE) September 11, 2024
—Duty-free shops
—Food and beverage outlets
—Retail stores and vending machines
—Lounges
—Advertising and sponsorships
—Parking and transportation facilities
—Hotels and transit
Indians will bring Indians. They will be sitting eating at the table while Kenyans look to serve those tables.
Never ever met a wealthy Indian who does not practice Nepotism.