Broke Treasury in the red

[gout]

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Can't pay Exim Bank.

https://www.businessdailyafrica.com/bd/economy/kenya-falls-back-on-repaying-sh18bn-southern-bypass-loan-3754744

Can't pay KQ bailout
https://www.businessdailyafrica.com/bd/corporate/companies/kq-resorts-to-salary-cuts-as-sh20bn-bailout-delays-3750484

[patel]

Thanks for the update. Stuck at SGR over 20 billions loss in 3 yrs. Imagine what that kind of money would do if its pumped in 2 or 4 counties...SGR is not sustainable same case with KQ.

[RV Pundit]

IMF will be running the show unless gov stop borrowing
KILL KQ today.

[GeeMail]

The Southern Bypass was constructed by China Roads and Bridge Corporation (CRBC) using loans from China Exim Bank. The Kenya National Highways Authority (KeNHA) in 2012 picked CRBC to construct the four-lane dual carriageway highway, at $180 million (Sh18 billion).

So how do high priest run away from this date 2012? Where was he looking?

[sema]

Thanks for the update. Stuck at SGR over 20 billions loss in 3 yrs. Imagine what that kind of money would do if its pumped in 2 or 4 counties...SGR is not sustainable same case with KQ.

thought the KRA was doing great. What is the problem? Kenyans' can't analyze simple things. They see a train or road and scream wow! we are on the way to becoming a 1st world country

[Kadudu]

Kenyans forgot to ask at what cost. Also first world countries build their own roads and do not need foreigners to do it for them. That is why even 5 years now SGR is running and still Chinaman drives the locomotives and runs the show on all surrounding the SGR.

thought the KRA was doing great. What is the problem? Kenyans' can't analyze simple things. They see a train or road and scream wow! we are on the way to becoming a 1st world country

[gout]

I would rather Exim bank runs the show.

IMF will be running the show unless gov stop borrowing
KILL KQ today.

[gout]

KRA doing great means high prices - fuel, cooking oil, LPG. 51% collected going to pay these debts.

It is not when we were singing that it is future generation who will pay. You pose on SGR one day, the other day you are crying about higher food prices.

Thanks for the update. Stuck at SGR over 20 billions loss in 3 yrs. Imagine what that kind of money would do if its pumped in 2 or 4 counties...SGR is not sustainable same case with KQ.

thought the KRA was doing great. What is the problem? Kenyans' can't analyze simple things. They see a train or road and scream wow! we are on the way to becoming a 1st world country

[Arcadian_Dreamer]

IMF will be running the show unless gov stop borrowing
KILL KQ today.

 

My high IQ fren, what have been telling you?

Sovereign Debt is incredible destructive, mighty Rome was felled by Debts.

I love teachable moments like this.

Infrastracture spending you say?.. hahaa

[RV Pundit]

There is time to leverage or borrow and there is time to dip into your savings.Kenya should start selling safaricoms and finance the budget for two years then leverage again