Devolution to get better given the Governors' & MCAs' results

[Georgesoros]

Kenya needs to devolve power centers so as to rid herself of power brokers.
Power to the people.
Am not sure counties have powers to float and sell bonds.
Borrowing intertnationally is very tricky since they require central govt. backing.

Governors need to step up and devolve power from central govt. Thats the only way to stop Kenyan madness. I believe Sonko's impulsivity will come into focus.

Sonko has a carte blanche to return Nairobi glory... unlike Kidero who allowed capital flight to Machakos. Governors even have powers to borrow local and abroad, hold investor conferences, market internationally with KTB, send commercial attaches to embassies, etc. Sonko should make a masterplan... including city subway to deal with traffic, cleanup sewerage mess... and float Nairobond to raise capital. The sky is not the limit for these guys. Harping on another Okoa is poor strategy.

[Nefertiti]

National Treasury has not stopped any county from borrowing and won't so long as it is well planned. There was talk of Kidero borrowing from Chinese Exim... not sure how it went.

Kenya needs to devolve power centers so as to rid herself of power brokers.
Power to the people.
Am not sure counties have powers to float and sell bonds.
Borrowing intertnationally is very tricky since they require central govt. backing.

Governors need to step up and devolve power from central govt. Thats the only way to stop Kenyan madness. I believe Sonko's impulsivity will come into focus.

Sonko has a carte blanche to return Nairobi glory... unlike Kidero who allowed capital flight to Machakos. Governors even have powers to borrow local and abroad, hold investor conferences, market internationally with KTB, send commercial attaches to embassies, etc. Sonko should make a masterplan... including city subway to deal with traffic, cleanup sewerage mess... and float Nairobond to raise capital. The sky is not the limit for these guys. Harping on another Okoa is poor strategy.

[Georgesoros]

Central govt has to agree to co-sign for the loan before they can borrow outside the country. No lender will advance a loan to the county without a guarantee that it will be repaid.

National Treasury has not stopped any county from borrowing and won't so long as it is well planned. There was talk of Kidero borrowing from Chinese Exim... not sure how it went.

Kenya needs to devolve power centers so as to rid herself of power brokers.
Power to the people.
Am not sure counties have powers to float and sell bonds.
Borrowing intertnationally is very tricky since they require central govt. backing.

Governors need to step up and devolve power from central govt. Thats the only way to stop Kenyan madness. I believe Sonko's impulsivity will come into focus.

Sonko has a carte blanche to return Nairobi glory... unlike Kidero who allowed capital flight to Machakos. Governors even have powers to borrow local and abroad, hold investor conferences, market internationally with KTB, send commercial attaches to embassies, etc. Sonko should make a masterplan... including city subway to deal with traffic, cleanup sewerage mess... and float Nairobond to raise capital. The sky is not the limit for these guys. Harping on another Okoa is poor strategy.

[Nefertiti]

I agree - but that constitutional requirement is to avoid counties from over-borrowing. It is not the lenders that need the guarantee - it is our katiba. Companies - even some individuals - borrow from international lenders all the time without Treasury involvement or state guarantee.

But my point was counties have OPTIONS - what is short is their vision and execution. I am happy Mzee Kidero is gone and let us see what Sonko has in store.

Central govt has to agree to co-sign for the loan before they can borrow outside the country. No lender will advance a loan to the county without a guarantee that it will be repaid.

National Treasury has not stopped any county from borrowing and won't so long as it is well planned. There was talk of Kidero borrowing from Chinese Exim... not sure how it went.

[Georgesoros]

Kidero did not care for the masses and that's what led to his downfall. He can now use the Mumias money and Nrb properties.
I was not aware counties have that much power other than investing in various bonds. Am not sure he has the vision such as the founder of Singapore. Kenya is a free for all and no laws are observed except if you're a poor Kenyan.