Uhuru big pay-day as Naivasha-Kisumu is to be signed.

[RV Pundit]

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Assuming he gets 10% of this - that whooping 80B PORK for his two term - enough to build a new city -NorthLand
https://www.businessdailyafrica.com/corporate/shipping/SGR-costs-to-add-up-to-Sh800bn-after-phase-2/4003122-4722896-rbi2t1/index.html

[Kadudu]

Why are you assuming? The man has it in the bag. Compare this with your man's KPC and KPLC deals. Ruto is getting peanuts and being labelled father of corruption in Kenya.

Assuming he gets 10% of this - that whooping 80B PORK for his two term - enough to build a new city -NorthLand
https://www.businessdailyafrica.com/corporate/shipping/SGR-costs-to-add-up-to-Sh800bn-after-phase-2/4003122-4722896-rbi2t1/index.html

[RV Pundit]

Don't underestimate Ruto loot. SGR annually is mere 70-80B budget wise and Uhuru is making maybe 8B out of it. And because he is too lazy to follow other deals - Ruto is left with nearly 20B dollars budget to skim 10%. Ruto has been following all sort of deals - gov and private - because he understands that gov is big animal.

Ruto basically owns nearly something in nearly all corners of kenya I believe the stories that when Uhuru got NIS dossier on Ruto wealth - he went beserk - it call envy - the same envy and jealous Raila has of Ruto. They all cannot believe this simple bible thumping nobody can be better than them...only for reality to hit them that Ruto is sub-marine like Moi.

Why are you assuming? The man has it in the bag. Compare this with your man's KPC and KPLC deals. Ruto is getting peanuts and being labelled father of corruption in Kenya.

[Kadudu]

Remember SGR is overpriced and the Chinese are getting it without any tender. Uhuru gets his 10% once the deal is signed. He is not stupid to wait for annual returns. Yes Uhuru is lazy but remember it is Muhoho who follows up. He is another calibre.
Uhuru cannot envy Ruto's loot. His and the Kenyatta family's loot is unmatched in Kenya. 55 years of looting compared to Ruto's 15 is not a joke. Btw, Kenyatta family busy building 500B Northlands in Kiambu. Compare this with Ruto's enroaching the beach with that ugly hotel in Mombasa.
 

Don't underestimate Ruto loot. SGR annually is mere 70-80B budget wise and Uhuru is making maybe 8B out of it. And because he is too lazy to follow other deals - Ruto is left with nearly 20B dollars budget to skim 10%. Ruto has been following all sort of deals - gov and private - because he understands that gov is big animal.

Ruto basically owns nearly something in nearly all corners of kenya I believe the stories that when Uhuru got NIS dossier on Ruto wealth - he went beserk - it call envy - the same envy and jealous Raila has of Ruto. They all cannot believe this simple bible thumping nobody can be better than them...only for reality to hit them that Ruto is sub-marine like Moi.

Why are you assuming? The man has it in the bag. Compare this with your man's KPC and KPLC deals. Ruto is getting peanuts and being labelled father of corruption in Kenya.

[RV Pundit]

The problem all kenyatta wealth are owned by Mama Ngina thro ENKE(ENtire KEnyatta) and Uhuru had to go beg his mother. I think Brookside is their only thing with Muhoho. SGR is probably is first real billion. Whatever Ruto has - he owns it. Whatever Uhuru had was Mama Nginas...and SGR was clean deal he stole from wheeler-dealer now financing Raila.
Chinese cannot pay before it signed. Uhuru will get his 10% as the money is released.

I am not sure what Ruto owns - but it substantial. Of course nobody can come close to wealth of Kenyatta - maybe the Mois.

Remember SGR is overpriced and the Chinese are getting it without any tender. Uhuru gets his 10% once the deal is signed. He is not stupid to wait for annual returns. Yes Uhuru is lazy but remember it is Muhoho who follows up. He is another calibre.
Uhuru cannot envy Ruto's loot. His and the Kenyatta family's loot is unmatched in Kenya. 55 years of looting compared to Ruto's 15 is not a joke. Btw, Kenyatta family busy building 500B Northlands in Kiambu. Compare this with Ruto's enroaching the beach with that ugly hotel in Mombasa.

[hk]

Assuming he gets 10% of this - that whooping 80B PORK for his two term - enough to build a new city -NorthLand
https://www.businessdailyafrica.com/corporate/shipping/SGR-costs-to-add-up-to-Sh800bn-after-phase-2/4003122-4722896-rbi2t1/index.html

The $4b from Naivasha to Kisumu is enough to zero rate capital goods as an incentive to help grow manufacturing. That amount can also be used to increase productivity in agriculture . But the price has to make his money. Does any of this loans need parliament approval?

[GeeMail]

What will parliament approval help with except create another tier of pockets to be filled?

[Kim Jong-Un's Pajama Pants]

The my thief steals better than your thief thread.  Good stuff.

[RV Pundit]

You're just a bit. A single issue singleton. I am not sure if anybody here is competing but we are just trying to tell it as is - based on credible rumours - both UhuRuto have definitely made a personal fortune from Gok - but some of us still support them for lack of any better candidate.

The my thief steals better than your thief thread.  Good stuff.

[RV Pundit]

Disagree. Nothing beat this railway. This 100yr investment. This is not our money. So the question of opportunity cost doesn't even arise. Unless you're saying Chinese would lend us 4B dollars to engage in such doubtful ventures.

The $4b from Naivasha to Kisumu is enough to zero rate capital goods as an incentive to help grow manufacturing. That amount can also be used to increase productivity in agriculture . But the price has to make his money. Does any of this loans need parliament approval?

[hk]

Disagree. Nothing beat this railway. This 100yr investment. This is not our money. So the question of opportunity cost doesn't even arise. Unless you're saying Chinese would lend us 4B dollars to engage in such doubtful ventures.

Ofcourse you disagree. The loan isn't a grant is it? There's empirical evidence to show that when taxes are cut KRA end up collecting more money. Since its not a grant at best its a  deffered repayment. Multiplier effect of government spending doesn't beat private sector spending in any economy. $4b can be borrowed in international market and principal repayment to be arranged to mirror what the Chinese are offering.

[RV Pundit]

I think we need infrastructure first. No serious manufacturing can happen without a railway. We don't need band-aids. We are fixing this in serious way. You cannot thrive when it transport cost is 2-3 times the world average, electricity cost the same - even if we gave you all the incentives.

I am not even sure who will lend us what China has given us at those rates... Half the loan is zero-interest and we are talking 8B dollars. Only IMF and WB can compete with Chinese on such kind of loans...but IMF & WB will not give us even 1/4 of that and they will demand a pound of our flesh before they even do that.

Ofcourse you disagree. The loan isn't a grant is it? There's empirical evidence to show that when taxes are cut KRA end up collecting more money. Since its not a grant at best its a  deffered repayment. Multiplier effect of government spending doesn't beat private sector spending in any economy. $4b can be borrowed in international market and principal repayment to be arranged to mirror what the Chinese are offering.

[hk]

I think we need infrastructure first. No serious manufacturing can happen without a railway. We don't need band-aids. We are fixing this in serious way. You cannot thrive when it transport cost is 2-3 times the world average, electricity cost the same - even if we gave you all the incentives.

I am not even sure who will lend us what China has given us at those rates... Half the loan is zero-interest and we are talking 8B dollars. Only IMF and WB can compete with Chinese on such kind of loans...but IMF & WB will not give us even 1/4 of that and they will demand a pound of our flesh before they even do that.

Obviously you believe in build it and they'll come. That hasn't work for electricity. We have emphasized connectivity instead of lowering rates first. Infrastructure binge built on huge budget deficit hampers the private growth. Eventually you end up with idle or underutilized infrastructure since there's not enough private sector activity. That's what we're staring at.

[GeeMail]

Why can't the profiteers of corruption pump the money back into businesses that support the SGR immediately? At least that can be excused for CSR.

[MOON Ki]

Unless you're saying Chinese would lend us 4B dollars to engage in such doubtful ventures.

I am not even sure who will lend us what China has given us at those rates... Half the loan is zero-interest and we are talking 8B dollars.

You are forgetting the small matter of hefty insurance on those loans.   By the time you whack that on, the loans are way more expensive than what might be obtained from IMF and WB.   The insurance also means that the Chinese always win, regardless of whether anything is a "doubtful venture" or not. 

No serious manufacturing can happen without a railway.

Interesting claim.   Well, we now have a shiny new railway from Mombasa to Nairobi.    What major changes can we expect to see in manufacturing?

[MOON Ki]

The my thief steals better than your thief thread.  Good stuff.

Only in Kenya. 

[RV Pundit]

Half the loan is zero interest.The other half is commercial.China is funding the rail because it also serves their interests.They cannot lend us 8b dollars to try HK theories of stimulating manufacturing by zero rating capital goods.Serious manufacturing like steel industries will only happen when we can move raw materials and finished goods cheaply and quickly.if we fail..chinese can still use the rail to move raw minerals from hinterland to china.That real insurance for chinese to put down 10b dollars on this project by time it get to malaba...and possibly 20b dollars by time its get to Rwanda,Congo and South Sudan.

[MOON Ki]

Half the loan is zero interest.The other half is commercial.China is funding the rail because it also serves their interests.They cannot lend us 8b dollars to try HK theories of stimulating manufacturing by zero rating capital goods.Serious manufacturing like steel industries will only happen when we can move raw materials and finished goods cheaply and quickly.if we fail..chinese can still use the rail to move raw minerals from hinterland to china.That real insurance for chinese to put down 10b dollars on this project by time it get to malaba...and possibly 20b dollars by time its get to Rwanda,Congo and South Sudan.

Interesting perspectives.  I'll get to them in a minute.   But, first, let's start with a simple question:  We now have a shiny new railway from Mombasa to Nairobi.    What major changes can we expect to see in manufacturing in Kenya?

[RV Pundit]

The cost of transport has been slashed 3 times.Time taken slashed 3 times.The headache of logistics eliminated.And SGR is yet to carry bulk goods like clinker or iron ore or grains.The private manufacturing will benefit.Naivasha industrial park will soon start

Half the loan is zero interest.The other half is commercial.China is funding the rail because it also serves their interests.They cannot lend us 8b dollars to try HK theories of stimulating manufacturing by zero rating capital goods.Serious manufacturing like steel industries will only happen when we can move raw materials and finished goods cheaply and quickly.if we fail..chinese can still use the rail to move raw minerals from hinterland to china.That real insurance for chinese to put down 10b dollars on this project by time it get to malaba...and possibly 20b dollars by time its get to Rwanda,Congo and South Sudan.

Interesting perspectives.  I'll get to them in a minute.   But, first, let's start with a simple question:  We now have a shiny new railway from Mombasa to Nairobi.    What major changes can we expect to see in manufacturing in Kenya?

[hk]

The cost of transport has been slashed 3 times.Time taken slashed 3 times.The headache of logistics eliminated.And SGR is yet to carry bulk goods like clinker or iron ore or grains.The private manufacturing will benefit.Naivasha industrial park will soon start

There's a major difference between actual lowering of cost and subsidizing. Subsidizing means someone else is taking up the cost, in our case taxpayers.