You raised valid points albeit laced with untruths.
For instance NSE last i checked was not a tribal affair..it's a members club of brokers...there are indians,whites,kikuyus and others.
I think many folks have had beef with stabex and coffee coop debt union....but you should be aware that gov is doing even far worse (better) subsidy in sugar sector.
1) Last i checked gov was a guarantor of a total of 40-60B kshs debt owed by sugar industries..all under receivership except i think Mumias.
2) Last i checked gov has protected sugar industry against very cheap COMESA (and brazil sugar); we have applied for extension after extension.
Thanks to sugar protection...we pay 3 times....the world prices for sugar. For every kilo of sugar you pay..you are donating 2 kilos to sugar industry.
Let stop hateration for it's sake. There is a lot we can learn from Kikuyus esp in business, agriculture and such. Folks take cheap shots at central farmers..but i tell in my place...people annually visit gema to learn how to better their tea farming.
If criticism is merited..and yes there exist gov tribalism and policy favoritism..but it aint that bad...as compared to general corruption and gov wastage accross the board.
Aint they all?
Omollo's point afaik is about the control, rightly or wrongly, of key levers of the economy, security etc. and how that control is exercised. If the money market is a ponzi scheme, I'd certainly be interested to know who runs it and especially, who benefits from it.
The NSE is allegedly regulated by the government yet all the biggest moves have one thing in common- an absolute lack of regulation. Why wont the government enforce laws it drew up?
But if you want to open a can of worms... There are many private institutions that seem to draw on govt largesse. If coffee farmers in central continue to receive debt relief (these are private co-ops) why arent sugar companies, they're also in debt. What criteria do coffee farmers meet that others fail?
If publicly traded Equity (and Helios) can get opaque laws made up to suit their specific entity, why can't others. What is the criteria?