The shilling is trading at 160,That means the following things:
1) The price of food has gone up because we import cooking oil,wheat flour,rice,maize sugar etc. (overpriced by cartels)
2) The price of fuel has gone up due to a weak shilling hence high fuel prices, Transport business is technically crippled (Boda Tuk Matatu & Trucks)
3) The profit margins of import businesses have been wiped out which technically means business closure and laying off workers.
4) The construction business (MJENGO) which is a major factor in the Kenyan economy has been affected due to rice in cost of production in relation to steel imports, transport logistics and fuel/electricity,
5) KRA revenues have gone down due to difficult business environment (Most business are reporting losses or low profits).
6) Low KRA revenues and the government spending more money in debt payment than development means low spending for development projects.
7) Lastly, In light of the above,IMF World bank China & Kenyan banks will give kenya expensive loans which it will not be able to service.
Crimes will go up especially in urban settlements, Crisis loading, I predict a mass uprising.
Topic: Can we accurately predict a Revolution in Kenya this time? (Read 3195 times)