kenya's credit rating down graded to B

[sema]

if economy grows more

How will the economy grow? what do kenyans make? At this point, the only thing ruto can do is stop the bleeding, but without manufacturing or factories, kenya will remain a poor third world country for the duration of our lifetimes.  I just don't see how Africans can get out of the poverty when they make nothing.  Arabs got lucky with oil and gas and with small populations, but sub-saharan Africa will remain poor for the next 200 years.

[KenyanPlato]

look at companies like kenya power they have become tax collectors. how do you have tariffs of over 70%
Invalid Tweet ID?t=daLz5cFxGesL5diwwydp4A&s=19

I am not sure why Pundit has such  cognitive dissonance with idea that you can't tax your way out of a financial crisis

[RV Pundit]

look at companies like kenya power they have become tax collectors. how do you have tariffs of over 70%
Invalid Tweet ID?t=daLz5cFxGesL5diwwydp4A&s=19

I am not sure why Pundit has such  cognitive dissonance with idea that you can't tax your way out of a financial crisis

Taxes are zero.. biggest cost is fuel surcharge

[gout]

With cheap power the economy is practically dead. Has domino effect on everything. High prices of food, housing, transport, which in turn has an effect on wages and the cycle goes on and on.

Without cheap power and affordable housing, we are going nowhere

[gout]

Over 50% of fuel prices are taxes.

look at companies like kenya power they have become tax collectors. how do you have tariffs of over 70%
Invalid Tweet ID?t=daLz5cFxGesL5diwwydp4A&s=19

I am not sure why Pundit has such  cognitive dissonance with idea that you can't tax your way out of a financial crisis

Taxes are zero.. biggest cost is fuel surcharge

[RV Pundit]

Yes that is where taxes come in.

Over 50% of fuel prices are taxes.

[Georgesoros]

Kenya taxes are extremely high which curtails growth.

[patel]

With such high electricity prices most will embrace solar. One time tax and Vat charges....then how will govt collect tax. Sun charges?

[Georgesoros]

look at companies like kenya power they have become tax collectors. how do you have tariffs of over 70%
Invalid Tweet ID?t=daLz5cFxGesL5diwwydp4A&s=19

I am not sure why Pundit has such  cognitive dissonance with idea that you can't tax your way out of a financial crisis

Looking at this bill, one cant afford to live in the poor class.

[Georgesoros]

With such high electricity prices most will embrace solar. One time tax and Vat charges....then how will govt collect tax. Sun charges?

Create a policy where KPLC will be mandated to buy electric from anyone and everyone who has electric to sell. PPL will then invest in electric generation to sell. Prices will tumble, and then more industries will be able to afford the damn thing.

[RV Pundit]

Kenya signed long term supply contract - 30yrs - therefore we have to wait for expensive thermal power to be retired.

The only way out - for manufactures - build your own captive power - if you can

Create a policy where KPLC will be mandated to buy electric from anyone and everyone who has electric to sell. PPL will then invest in electric generation to sell. Prices will tumble, and then more industries will be able to afford the damn thing.