Jubilee legacy in ruins like this Africa Tallest building dream

[audacityofhope]

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If we wouldn't have had these 10 years, we wouldn't be having minnows around us comparing themselves with us, now we are minnows ourselves down to their level, bowing to their egregious demands.

https://nation.africa/kenya/news/africa-tallest-building-dream-now-lies-in-ruins-2303620e

[RV Pundit]

The slump in real estate is definitely Jubilee policy mistake - Njomo interest rate control hit the real estate sector as bank loan (credit) disappeared  - The whole policy  backfired. Jubilee has since done away with it.

But it was worth a try. Policy Experimentation is crucial.

[RV Kirgit]

The slump in real estate is definitely Jubilee policy mistake - Njomo interest rate control hit the real estate sector as bank loan (credit) disappeared  - The whole policy  backfired. Jubilee has since done away with it.

But it was worth a try. Policy Experimentation is crucial.

I don't think this would have been bad iff jubilee borrowed internally and bank roll infrastructure that use locally available material and manpower. Money could have trickled back to economy.

Jubilee lowered interest rates, borrowed, stashed cash, and bankrolled chinese, mexico maize etc. That's when Kenyan business started starving.

[Arcadian_Dreamer]

The slump in real estate is definitely Jubilee policy mistake - Njomo interest rate control hit the real estate sector as bank loan (credit) disappeared  - The whole policy  backfired. Jubilee has since done away with it.

But it was worth a try. Policy Experimentation is crucial.

I don't think this would have been bad iff jubilee borrowed internally and bank roll infrastructure that use locally available material and manpower. Money could have trickled back to economy.

Jubilee lowered interest rates, borrowed, stashed cash, and bankrolled chinese, mexico maize etc. That's when Kenyan business started starving.

Nope. Credit for private sector would've been crowded out. There is no way around fiscal probity.

Borrow in bite size chunks and don't overload the taxpayer, that is why Thika highway was not taxing for the public.