This will happen to kenya in 20yrs ...

[Georgesoros]

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If the government doesn't stop over borrowing. Our children kids will be slaves. They will work to pay off the trillion dollar loans politicians borrowed.


http://www.msn.com/en-us/news/world/what-china-has-to-do-with-the-mysterious-death-of-an-indigenous-leader-in-ecuador/ar-BBgtMKh?ocid=iehp

[RV Pundit]

Yes from Kibaki era to now...we have been in a debt birge...from private households to private sector to gov...we are completely indebted. The economic growth need to be checked with reality of debt and inflation...nobody is doing that.

In Moi era..you simply couldn't qualify for any loan except maybe secured loan..now i see even folks earning very little or nothing...are saddled with debts at high interest..some to be repaid till 2022.

Yes eventually we won't be able to repay or borrow anymore...and economic crash will be catastrophic.

[Gumzo]

Yes from Kibaki era to now...we have been in a debt birge...from private households to private sector to gov...we are completely indebted. The economic growth need to be checked with reality of debt and inflation...nobody is doing that.

In Moi era..you simply couldn't qualify for any loan except maybe secured loan..now i see even folks earning very little or nothing...are saddled with debts at high interest..some to be repaid till 2022.

Yes eventually we won't be able to repay or borrow anymore...and economic crash will be catastrophic.

When this eventually happens, two other things could happen

1. The people raise up against the leadership
2. The leaders get the tribes to blame and attack each other for the catastrophe

Respectfully:

[Georgesoros]

Pundit,
C'mon are people really that indebted? THey can always sell the kaplot and pay the debt - if they have any.
We'll  be like Greece.
Or just dont pay like Argentina.
Or pay like Ecuador where most taxes goes to pay debt.

[RV Pundit]

People are choking in debts..the same with companies..the same gov. All you need is slow down in economy..it could be due to global factors...say drop in tea or coffee or horticulture prices..collapse of tourism due to alshabab...or say Ebola epidemics...and before you know...everything is collapsing.

All post-kibaki era growth either at individual or gov or private sector level has been due to loans and debts.

Jubilee has taken it a note higher..and taken 700B loan in 1yr...500 from China..and 200 from Eurobond. Those are just the well know loans..add more loans from IMF/WB/Japan/France/UK....and then the usual 300B from domestic (tbills and tbonds)...so you can say since Uhuru came on...he has added 1 trillion in debts.

The 10,000kms of roads will be built through debts...that is massive. So are the energy projects. Yesterday Rotich stupidly allowed Turkana wind thing to have gov gurantee of kshs. 25b. Dead on arrival project.

So yes before you know...we will face debt crisis like Ghana now..or more catastrophic ones like argentina,brazil,eucador,greece or asia debt crisis of last decade.

The more we pile up debt..the more our margin of error to mess around is reduced.

Pundit,
C'mon are people really that indebted? THey can always sell the kaplot and pay the debt - if they have any.
We'll  be like Greece.
Or just dont pay like Argentina.
Or pay like Ecuador where most taxes goes to pay debt.