Nipate
Forum => Kenya Discussion => Topic started by: vooke on November 23, 2018, 01:00:24 PM
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The only solution is to ban prime movers/ truckers off the road. Even with the discount in place, SGR Cargo business is still struggling
https://www.businessdailyafrica.com/economy/SGR-cargo-fees-up-79pc-on-China-pay/3946234-4864552-h39s2h/index.html
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Dr. Ndii vindicated....sad part we are paying Chinese 1 billion shillings a month to run the damn thing not to calculate loan payments.
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Those prices plus last mile makes SGR not as competitive but it will be quicker and more reliable. They need to increase it slowly - 70% jump is insane.
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Built on uthamaki school of economics
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:D :D :D
At least at Kiganjo School of Economics (better known as Kiganjo Police College) one would have learnt how to sell chickens and then build a financial empire run by wife or mpango and still keeping the police job for the side.
Built on uthamaki school of economics
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The only solution is to ban prime movers/ truckers off the road. Even with the discount in place, SGR Cargo business is still struggling
https://www.businessdailyafrica.com/economy/SGR-cargo-fees-up-79pc-on-China-pay/3946234-4864552-h39s2h/index.html
The SGR isn't commercially viable. Even with increased prices the government will still be subsidizing it.
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SGR was schemed from day one to fill the pockets of a few. Its viability was never taken into consideration. Phase II is the last part and the rest to Kisumu will not be coming soon. The Chinese have refused to fund the rest cause they know Kenya cannot pay back those loans.
The SGR isn't commercially viable. Even with increased prices the government will still be subsidizing it.
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It has emerged Chinese managers have been stealing 1 million a day
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Peanuts in comparison to what has been stolen by Kenyan "leaders" in the name of SGR. Also that cash is splitt between the Chinese managers and their Kenyan counterparts.
It has emerged Chinese managers have been stealing 1 million a day
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Once upon a time I thought the only way to stamp out corruption in kenya is to bring in Chinese and let them clean out and fumigate the system little did I know kenya corruption has the potential of consuming even the best. It would be interesting to see what the Chinese will do with these corrupt fellas. I hope they will hang them.
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Isn't this the project Kibaki considered and rejected because the economics did not make sense? Then the World Bank said the same thing? It's really a shame but lots of people will now act as if this was just an innocent mistake.
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Isn't this the project Kibaki considered and rejected because the economics did not make sense? Then the World Bank said the same thing? It's really a shame but lots of people will now act as if this was just an innocent mistake.
The bit about Kibaki rejecting is not factual methinks. Kimunya as the finance minister lobied for a 'free' Kung Fu feasibility study as opposed to a paid-for one that would have cost us about 110M.
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Is too early to call SGR a failure. Already it's a success if you compare us with Ethiopia - who've have had to ask for 30yrs repayment plan instead of 10.
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When you have to pay someone 1 billion ksh every month just to run the trains...I would consider the damn thing a big failure and the biggest financial blunder of our lifetime.
Isn't this the project Kibaki considered and rejected because the economics did not make sense? Then the World Bank said the same thing? It's really a shame but lots of people will now act as if this was just an innocent mistake.
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2m passengers who've enjoyed SGR will disagree...and now they are doing 28 trains trips daily. This is pretty amazing. It will break even and turn profitable. It just need time.
When you have to pay someone 1 billion ksh every month just to run the trains...I would consider the damn thing a big failure and the biggest financial blunder of our lifetime.
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2m passengers who've enjoyed SGR will disagree...and now they are doing 28 trains trips daily. This is pretty amazing. It will break even and turn profitable. It just need time.
When you have to pay someone 1 billion ksh every month just to run the trains...I would consider the damn thing a big failure and the biggest financial blunder of our lifetime.
With the raised cargo rate, expect that haulage to reduce. And if SGR is so good, cheap and efficient, why are importers being forced to use it?
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SGR is neither cheaper or more efficient than haulage with trucks. The project will hang on the tax payers pocket till kingdom come. Ask any freight agent and they will tell you about the delays and unpredictabilities with cargo using SGR.
With the raised cargo rate, expect that haulage to reduce. And if SGR is so good, cheap and efficient, why are importers being forced to use it?
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The volumes of cargo, 2m passengers and goods don't make economic sense. It's too early to have hauliers unhappy with the service. Will take 10 years or more to break even if at all. The theft by Chinese operators while still being paid officially is a very worrying trend but not at all surprising. Given the terms of the contract, isn't theft a major breach? In other places, this could have caused a major fallout, cancellation even. Kenya should spur macroeconomic growth in real terms (manufacturing, large-scale agriculture, value added industries) to create demand for SGR. Otherwise everyone will continue scrambling to steal peanuts until SGR becomes another rusting lunatic express.
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I can tell people complaining are clearing agents and long list of people who depend on truckers including cops. There is a whole industry include cfs that is being destroyed by SGR.
With the raised cargo rate, expect that haulage to reduce. And if SGR is so good, cheap and efficient, why are importers being forced to use it?
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One could also say people praising SGR are landgrabbers or their cousins who visit the Coast every month to spend their largesse. Truckers and hauliers who depend on SGR and taxpayers have the right to reconsider the numbers. After destroying CFs SGR is now destroying common sense.
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SGR is a scam, uhuru 4 pillars is a scam, blue economy is a scam ....uhuru is like a kid jumping from one scam to another leaving trails of economic ruins....when will this government start paying suppliers?
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Blue economy, economy from the blues.
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For years we prided ourselves on green economy no chance passed without kimunya reminding us NSE is not a fish market but now they are all over falling over themselves with blue economy fad nonsense. When is the last time the go.ke invested in fisheries, watersports tourism etc. Uhuru is a jokester
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SGR is not a scam.
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It is not a scam but part of a scam.
SGR is not a scam.
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Uhuru ate something small but as we speak it doing 30 freights trains daily and 4 passenger. That is no scam.
It is not a scam but part of a scam.
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Calling 40B Ksh "something small" is an abuse to the peasants of Kenya paying for these guys luxurious lives.
Pundit you underestimate the consequences of Uhuru eating "something small". He opened the doors for public officers looting enmass since 2013 without shame. Without SGR scam, NYS I and II would not have taken place in that scale. MAfya House scandals, Eurobond, KPC, KPLC, NHIF, Anglo Leasing payments, NCPB, IEBC etc are all a result of SGR scam and we have not mentioned the NLC's role in SGR payments for land.
Uhuru is now trying to turn the clock back, but it is too late as he and his family and buddies are deep in the rot.
Uhuru ate something small but as we speak it doing 30 freights trains daily and 4 passenger. That is no scam.
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Figures ...figures...statistics...
Take for instance "2m passengers" - What does it really mean? Two million Kenyans have used SGR? Ten thousand Kenyans have made a hundred trips back and forth??
Jubilee has used all sort of figures to cover the hole they are digging and they seem not ready to be stopping. These figures as long as they bring some monies to loot are good to go and seems all the people who matter believe them.
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https://www.theeastafrican.co.ke/business/Kenya-assets-risk-seizure-by-Chinese/2560-4870476-prkgwj/index.html?fbclid=IwAR0rlZXrnG2pcWQUi70eRoh3jQcjCBDxS-9X98tVKdw2z2l8OmpFkRzv7ns If this is not a scam, tell me what is. It took less than a day to get children from Ambira High School to answer in court why they had abused Matiangi and Amina. Why is the DPP not hauling people to court over this crime against Kenyans?
By BUSINESS DAILY
More by this Author
Kenya is among countries at the highest risk of losing strategic assets to China over the pile of debt it owes Beijing, global ratings firm Moody’s Investor Service has said in a newly-released report that has raised eyebrows in public finance circles.
Moody’s says in the report that China’s response to sub-Saharan Africa countries facing liquidity pressure has not been uniform or transparent - meaning predictability of credit implications are less clear......
Recent data from the National Treasury show that Chinese debt stood at Ksh554.88 billion (5.4 billion) or 73.4 percent of total bilateral debt of Ksh756.28 billion (7.3 billion) at the end of September.
A large segment of the debt is linked to construction of the Standard Gauge Railway (SGR).
“In general, concentrated exposure to a single creditor, with little transparency about decisions to restructure the terms of the debt, increases rollover risks, weakening the fiscal profile,” Moody’s said.
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He had to recoup mama ngina investment since 2002. Now I am happy he is fighting corruption. Eating 10% and delivery for me is not soo bad. But eating 90% like NYS is criminal and evil.
Calling 40B Ksh "something small" is an abuse to the peasants of Kenya paying for these guys luxurious lives.
Pundit you underestimate the consequences of Uhuru eating "something small". He opened the doors for public officers looting enmass since 2013 without shame. Without SGR scam, NYS I and II would not have taken place in that scale. MAfya House scandals, Eurobond, KPC, KPLC, NHIF, Anglo Leasing payments, NCPB, IEBC etc are all a result of SGR scam and we have not mentioned the NLC's role in SGR payments for land.
Uhuru is now trying to turn the clock back, but it is too late as he and his family and buddies are deep in the rot.