Author Topic: IMF bailout - the return of the colonial power  (Read 5841 times)

Offline RV Pundit

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IMF bailout - the return of the colonial power
« on: February 17, 2021, 09:20:34 AM »
Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

Offline Kadudu

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Re: IMF bailout - the return of the colonial power
« Reply #1 on: February 17, 2021, 10:56:12 AM »
Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

Offline RV Pundit

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Re: IMF bailout - the return of the colonial power
« Reply #2 on: February 17, 2021, 11:02:10 AM »
Handshake stopped the economic engine that was firing on all cylinders - by fostering a climate of intimidation, a scared executive and totally clueless gov - leading to low investment and mess. Ruto is not responsible for this. It's Uhuru-Raila baby.

Stolen money - unless stashed abroad - will not have huge impact on the economy - because it's money moving from public sector to private sector. It simply means you'll see the usual big house with dirt road leading to it. Somebody stole the road money and use it to build himself a mansion.

The problem I see here is lack of investment - both public (due to infighting in gov) and private (due to the fear of that infighting) - leading to wait and see - situation - we have now.

Obviously COVID-19 has taken us back maybe 2-3yrs.

Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

Offline Nowayhaha

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Re: IMF bailout - the return of the colonial power
« Reply #3 on: February 17, 2021, 11:14:58 AM »

Lets be truthful for a moment , Raila was bought by Uhuru to simply shut up while Uhuru loots and share the loot with him.
If opposition was as vibrant as during Jubilees I. Uhuru wouldnt be the one talking in radio stations that his government is stealing 2 Billion on a daily basis.
Whatever Jubilee borrowed in the first 4 years you could see tangible results, SGR, Roads, Electricity, Hospitals name it.
Now Handshake Jubilee they upped the borrowing and what do you have , Money being stollen  ,BBI facilitation, MCAs being bribed, KEMSA scandal .
You cannot absolve Raila and opposition from this mess.

Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

Offline RV Pundit

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Re: IMF bailout - the return of the colonial power
« Reply #4 on: February 17, 2021, 11:41:22 AM »
Precisely. The lie that Jubilee 1.0 overborrowed and Jubilee 2.0 is coming home to roost is not supported by data. Jubilee 2.0 has outborrowed Jubilee 1.0 with not much to show.

Lets be truthful for a moment , Raila was bought by Uhuru to simply shut up while Uhuru loots and share the loot with him.
If opposition was as vibrant as during Jubilees I. Uhuru wouldnt be the one talking in radio stations that his government is stealing 2 Billion on a daily basis.
Whatever Jubilee borrowed in the first 4 years you could see tangible results, SGR, Roads, Electricity, Hospitals name it.
Now Handshake Jubilee they upped the borrowing and what do you have , Money being stollen  ,BBI facilitation, MCAs being bribed, KEMSA scandal .
You cannot absolve Raila and opposition from this mess.

Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

Offline Arcadian_Dreamer

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Re: IMF bailout - the return of the colonial power
« Reply #5 on: February 17, 2021, 04:02:35 PM »
The fruits of Jubilee 1.0, it was endless credit binge and looting by the URP wing. IMF ni kiboko yao, fiscal discipline doesn't come naturally to mweusi man
Sleep is good, death is better; but of course, The best would be never to have been born at all.

Offline Kadudu

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Re: IMF bailout - the return of the colonial power
« Reply #6 on: February 17, 2021, 05:10:48 PM »
Our Wheelbarrow brothers are just looking for an excuse of their looting spree. Mark you, 90% of the major financial scandals happened before 2018. Now it is just excuses for the underperforming.
Note of the 74 months Henry Rotich's stay at the Treasury, 60 were under UhuRuto and if you include the months before the duo's fall out, it is actually 70 months.

The fruits of Jubilee 1.0, it was endless credit binge and looting by the URP wing. IMF ni kiboko yao, fiscal discipline doesn't come naturally to mweusi man

Offline Nowayhaha

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Re: IMF bailout - the return of the colonial power
« Reply #7 on: February 17, 2021, 05:24:37 PM »
https://www.centralbank.go.ke/public-debt/

By the Time Kibaki was leaving In Apr 2013 Kenyas Debt was 1,882,405.95 Kshs Million (1,065,609.39 Domestic  & 816,796.56 External )
Under Jubilees I Regime by Aug 2017 elections  the Debt Increased to 4,429,326.92 Kshs Million (2,123,788.59 Domestic  & 2,305,538.33 )
Under Handshake Jubilee Regime which is still ruling the debt by November 2020 The debt has Increased to 7,254,462.03 Kshs Million (3,482,653.56 Domestic  & 3,771,808.47 )

Now simple mathematics  says
Uhuru+ Ruto  borrowed Kshs Million  2,546,920.97
Uhuru + Raila borrowed Kshs Million  2,825,135.11 (And still continue borrowing)

Now the most important thing is what did they do with the monies
Jubilees I
-->Sh327 Billion Standard Gauge Railway (SGR) project
-->construction of  more than 7,000 kilometers of road
--> Expansion of  electricity connection in Rural areas  access to electricity rose from 29% in 2013 to 40% in 2017.
--> improved global standing in the world thus attracting investors
--> Free Maternity 
--> One Stop Shop Huduma Centres
--> GDP growth avearaged 5.5 %

Now When we go to Jubilee II
--> Handshake
--> BBI Taskforce
--> BBI facilitation
--> BBI Referendum
--> Kenyas Economy shrunk by 1.1%

Conclusion Kenya was doing well with Uhuru and Ruto together and Raila in opposition   Handshake indeed was a disaster and it taking us to the edge of the abyss 

                                             


Our Wheelbarrow brothers are just looking for an excuse of their looting spree. Mark you, 90% of the major financial scandals happened before 2018. Now it is just excuses for the underperforming.
Note of the 74 months Henry Rotich's stay at the Treasury, 60 were under UhuRuto and if you include the months before the duo's fall out, it is actually 70 months.

The fruits of Jubilee 1.0, it was endless credit binge and looting by the URP wing. IMF ni kiboko yao, fiscal discipline doesn't come naturally to mweusi man

Offline patel

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Re: IMF bailout - the return of the colonial power
« Reply #8 on: February 17, 2021, 06:07:21 PM »
Rotich should be hanged....with IMF stepping in does this mean Structural adjustment? layoff garole in middle of pademic
Bloomberg reports Uhuru is eyeing some Eurobond money too...Honestly people should come together and debate economic matters first before this thing spiral out of control.

Our Wheelbarrow brothers are just looking for an excuse of their looting spree. Mark you, 90% of the major financial scandals happened before 2018. Now it is just excuses for the underperforming.
Note of the 74 months Henry Rotich's stay at the Treasury, 60 were under UhuRuto and if you include the months before the duo's fall out, it is actually 70 months.

The fruits of Jubilee 1.0, it was endless credit binge and looting by the URP wing. IMF ni kiboko yao, fiscal discipline doesn't come naturally to mweusi man

Offline Nowayhaha

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Re: IMF bailout - the return of the colonial power
« Reply #9 on: February 17, 2021, 06:20:10 PM »
Ofcourse what did you expect


Quote
https://www.the-star.co.ke/business/kenya/2021-02-17-taxes-and-job-freeze-among-demands-for-kenyas-latest-imf-loan/


Kenya is expected to widen the tax bracket, freeze employment and put more civil servants on contracts as part of the conditions by IMF for its $2.4 billion (Sh261 billion) loan.

On Monday, the visiting staff of the international lender approved the 38-month program under the Extended Funds Facility (EFF) and Extended Credit Facility (ECF) arrangement for Kenya to help in the post Covid-19 economic recovery initiative.

In a statement after the meeting, the IMF's delegation praised Kenya for reversing some of the earlier extraordinary tax measures introduced at the outset of the Covid-19.

''Kenya aims at reducing debt vulnerabilities through a multi-year fiscal consolidation effort, centred on raising tax revenues and tight control of spending, which would safeguard resources to protect vulnerable groups,'' IMF's statement read in part.

Kenya went back to the initial tax packages early this year after easing them to cushion households against the social-economic vagaries of Covid-19.


It reinstated Value Added Tax to 16 per cent after dropping it to 14 per cent. Pay as You Earn Tax for those earning above Sh24,000 went back to 30 per cent as well as corporate tax which had been lowered to 25 per cent.

Despite these measures, IMF wants Kenya to further widen its the tax streams going forward.

A private sector player who attended the IMF engagement forums held December 9 to 17, 2020, and from February 4 to 15, 2021 told the Star that the lender wants Kenya to review upwards its tax packages to boost revenue collection.

''The loan is pegged on tough tax conditions that will raise the cost of living for households. It is like the government is trading its citizens' lives for loans,'' he said, pleading to remain anonymous due to the sensitivity of the matter.
This is not the first time IMF is pushing Kenya to heighten the tax regime for loans.

In 2015, the lender pushed Kenya to introduce value-added tax (VAT) on petroleum products among other conditions in order to access a Sh63 billion credit line.

It also compelled Kenya to reintroduced capital gains tax after a three-decade break. The tax charged at the rate of five per cent of the difference between the selling price and the acquisition price less any transactional costs.

The National Treasury is yet to comment on the loan details, a day after IMF  cleared it.

IMF also wants Kenya to drastically freeze employment and if possible place more servants on contracts to lower the high wage bill.

Contracts will reduce the burden of pension which has been a big financial burden for the National Treasury.

The government has already introduced a contributory pension scheme for civil servants and teachers a shift from the fully state funded pension scheme.

Besides, Kenya has been told to tighten the fight against corruption and address weaknesses in some state-owned enterprises (SOEs) in an effort to strengthen transparency and accountability.

Kenya has also agreed to strengthen the monetary policy framework and support financial stability.

The new loan if approved by the IMF board will escalate the soaring public debt which stood at Sh7.28 trillion by the end of December, equivalent to 65.6 per cent of gross domestic product in nominal terms, according to government data.

This, despite the country struggling to repay, forcing the exchequer to negotiate debt relief avenues by creditors.

Rotich should be hanged....with IMF stepping in does this mean Structural adjustment? layoff garole in middle of pademic
Bloomberg reports Uhuru is eyeing some Eurobond money too...Honestly people should come together and debate economic matters first before this thing spiral out of control.

Our Wheelbarrow brothers are just looking for an excuse of their looting spree. Mark you, 90% of the major financial scandals happened before 2018. Now it is just excuses for the underperforming.
Note of the 74 months Henry Rotich's stay at the Treasury, 60 were under UhuRuto and if you include the months before the duo's fall out, it is actually 70 months.

The fruits of Jubilee 1.0, it was endless credit binge and looting by the URP wing. IMF ni kiboko yao, fiscal discipline doesn't come naturally to mweusi man

Offline GeeMail

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Re: IMF bailout - the return of the colonial power
« Reply #10 on: February 17, 2021, 08:25:39 PM »
Handshake stopped the economic engine that was firing on all cylinders - by fostering a climate of intimidation, a scared executive and totally clueless gov - leading to low investment and mess. Ruto is not responsible for this. It's Uhuru-Raila baby.

Stolen money - unless stashed abroad - will not have huge impact on the economy - because it's money moving from public sector to private sector. It simply means you'll see the usual big house with dirt road leading to it. Somebody stole the road money and use it to build himself a mansion.

The problem I see here is lack of investment - both public (due to infighting in gov) and private (due to the fear of that infighting) - leading to wait and see - situation - we have now.

Obviously COVID-19 has taken us back maybe 2-3yrs.

Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

If Ruto slept on the job as Deputy President while the handshake was being cooked, what does that tell of his ability to run the country?
Celebratory violence: 2017 crime invented to justify killings to prevent Raila from becoming PORK. http://www.nipate.com/download/file.php?id=4244

Offline RV Pundit

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Re: IMF bailout - the return of the colonial power
« Reply #11 on: February 17, 2021, 08:48:34 PM »
16 months ..is 1yr and briana has borrowed half rotich..with nothing to show.At least rotich can show SGR

Offline Nowayhaha

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Re: IMF bailout - the return of the colonial power
« Reply #12 on: February 17, 2021, 09:59:07 PM »
Of course Ruto missteped in over trusting Uhuru in regards to the Jubilee party, perhaps Uhuru had no any plans to use Jubilee party as a tool to coarse Mps into doing his dirty work in parliament .

Now how Jubilee party was formed it started with JAP ,offices were being opened all over Kenya under JAP colours without even being sanctioned from the party headquarters . Then all over a sudden they decided tothey decided to form JP . All officials were put on interim basis . This should have been a No from the word go , having learnt from ODM-Kenya debacle , further during the 2017 G.E. nominations  Murathe decided to ape ODM and make the exercise a money making spree. The nominations were chaotic . The so called Jubilee smart cards had been sold at a fee to a select few . Uhuru had to use Rutos organizational skills to hold another nomination in time to beat the deadline . Most of the politicians who had paid Murathe and failed repeat nominations blamed Ruto and decided to wage a political war .

Imeadiately after elections Uhuru started showing erratic behaviors , dressing down MPs in statehouse and refusing to name a full cabinet  . This was a bad sign bearing in mind also the Jubilee officials were still on interim and the ones holding crucial positions having being nominated by Uhuru . Ruto should have called for Jubilee party elections immediately .  Of course he was being advised but still he trusted Uhuru , then came in the Matiangi shocker , he was the one telling his lieutenants to cool down let Uhuru Rule , it was Uhurus time that Jubilee was not a coalition but one party headed by Uhuru .
Murathe who was an insider in Uhurus court decided to go after Ruto , temporarily Ruto managed to have him step down as Jubilees Vice Chair . There in Ruto should have pushed for the elections , he didnt before he realised Tujus were all over town talking about Kiambaa and holding harambees with ODM in Nyanza , still Ruto didnt do anything . Even when Tuju got an accident he was the first to go and visit him and wish him well . Thats how good hearted Ruto is .

Deep down Ruto believed in Jubilees dream , He was in KANU the largest party then and knew that Parties can work . What broke the camels back was the madharau he was shown in Jubilees party headquarters when Tuju went ahead and decided to make decisions without involving him and withdrew from contesting Msambweni parliamentary seat .

However even in U.D.A. appointing Muthama as the chair is still not a good decision , hopefully U.D.A. will embark in a national party elections in the coming months or else Ruto might be surprised as what happened in 2007 and ODM .

Is there need to regret certainly no , actually by Uhuru Killing Jubilee it has given Ruto a rebirth , what better way of rebranding that being shown as an outsider in a failed government . He needs to let Uhuru kujikaranga na mafuta yake .
He managed to finish Raila who was the main anti-Gema crusader , Uhuru has made 2 mistakes (by telling Mt Kenya to forget Presidency  and by Joining hands with Raila  , what is left and for sure he will say this to try and win Mt Kenya back is that he is not leaving power. Siku hiyo atajionea mambo .



Handshake stopped the economic engine that was firing on all cylinders - by fostering a climate of intimidation, a scared executive and totally clueless gov - leading to low investment and mess. Ruto is not responsible for this. It's Uhuru-Raila baby.

Stolen money - unless stashed abroad - will not have huge impact on the economy - because it's money moving from public sector to private sector. It simply means you'll see the usual big house with dirt road leading to it. Somebody stole the road money and use it to build himself a mansion.

The problem I see here is lack of investment - both public (due to infighting in gov) and private (due to the fear of that infighting) - leading to wait and see - situation - we have now.

Obviously COVID-19 has taken us back maybe 2-3yrs.

Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

If Ruto slept on the job as Deputy President while the handshake was being cooked, what does that tell of his ability to run the country?

Offline GeeMail

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Re: IMF bailout - the return of the colonial power
« Reply #13 on: February 17, 2021, 10:20:22 PM »
You have not answered the question though I see what you mean. Can he run a country if as DP he has made so many enemies within and without all over?
Celebratory violence: 2017 crime invented to justify killings to prevent Raila from becoming PORK. http://www.nipate.com/download/file.php?id=4244

Offline RV Pundit

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Re: IMF bailout - the return of the colonial power
« Reply #14 on: February 18, 2021, 01:50:39 AM »
Ruto is attracting enemies because he is heir-apparent; everyone would like to be in his position; that is a plus; not a minus. Every MP or MCAS has so many enemies who covet their position. That is nature of politics. However as we approach 2022 - the enemies will thin out - and we will remain with a few serious ones.
You have not answered the question though I see what you mean. Can he run a country if as DP he has made so many enemies within and without all over?

Offline audacityofhope

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Re: IMF bailout - the return of the colonial power
« Reply #15 on: February 18, 2021, 06:16:34 AM »
.

Offline audacityofhope

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Re: IMF bailout - the return of the colonial power
« Reply #16 on: February 18, 2021, 06:47:33 AM »
You start out by saying "let us be truthful ....," then you go flat out to tell lies. You make me want to put a finger to the back of my throat so I can vomit. SGR even the govt knows would only have been viable if it had extended to serve UG, Rwanda and the Great lakes region meaning it ought to have reached Kisumu. Instead this SGR (that you an imbecile and @RV Pundit always make me sick with your "Jubilee has SGR to show") ends up in somebody's shamba somewhere in Naivasha area.

Ouru after overpricing, over demanding kick backs from the Chinese went back to their leader to ask for more loan to which he was rebuffed. He came back empty handed and now the only fall back is to rehabilitate the old railway lines built by the Coolies in 1900s. So they been busy demolishing dwellings of hustlers and their families in Kisumu, Bungoma etc without the courtesy of informing their governors, to make way for that - what a caring gesture in pandemic times!

https://www.standardmedia.co.ke/videos/view/2000205163/kisumu-leaders-condemn-kenya-railways-for-demolishing-houses-and-mosque-as-families-cry-for-help

On roads Jubilee 1.0 while campaigning for a second term talked of having added 10,000km in 5 years they had been in power - a stupid claim and lie because since independence Kenya tarmac has barely hit the 11,000Km mark. In truth Jubilee cant even show the 1,950km they added. All that phantom 10,000km money ended up in someone's pocket.

I keep telling you members on this forum are not "malenge". Stop polluting Veritas blog with unsubstantiated propaganda worst of all while you shamelessly proclaim it here as "truthful". Nkt.

IF YOU ARE GOING TO PUBLISH "TRUTH" SUPPORT IT HERE WITH LINKS like I do, failure to do so, STFU.

https://www.standardmedia.co.ke/amp/kenya/article/2001320316/where-are-these-sh80-billion-2000km-tarmac-roads

https://africacheck.org/fact-checks/reports/tale-twists-and-turns-kenyattas-claims-about-improving-kenyas-roads


Lets be truthful for a moment , Raila was bought by Uhuru to simply shut up while Uhuru loots and share the loot with him.
If opposition was as vibrant as during Jubilees I. Uhuru wouldnt be the one talking in radio stations that his government is stealing 2 Billion on a daily basis.
Whatever Jubilee borrowed in the first 4 years you could see tangible results, SGR, Roads, Electricity, Hospitals name it.
Now Handshake Jubilee they upped the borrowing and what do you have , Money being stollen  ,BBI facilitation, MCAs being bribed, KEMSA scandal .
You cannot absolve Raila and opposition from this mess.

Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020

Offline audacityofhope

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Re: IMF bailout - the return of the colonial power
« Reply #17 on: February 18, 2021, 07:07:35 AM »
For how long will I keep reminding you that in politics there are no friends or enemies, just interests... did in your wildest dreams foresee a handshake between mlevi and Muguruki??
Ruto is attracting enemies because he is heir-apparent; everyone would like to be in his position; that is a plus; not a minus. Every MP or MCAS has so many enemies who covet their position. That is nature of politics. However as we approach 2022 - the enemies will thin out - and we will remain with a few serious ones.
You have not answered the question though I see what you mean. Can he run a country if as DP he has made so many enemies within and without all over?

Offline RV Pundit

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Re: IMF bailout - the return of the colonial power
« Reply #18 on: February 18, 2021, 07:15:24 AM »
You like the handshake but want to run away from jubilee 2.0..not funny

Offline patel

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Re: IMF bailout - the return of the colonial power
« Reply #19 on: February 18, 2021, 09:43:13 AM »
Yattani is borrowing to repay Rotich loans.

Precisely. The lie that Jubilee 1.0 overborrowed and Jubilee 2.0 is coming home to roost is not supported by data. Jubilee 2.0 has outborrowed Jubilee 1.0 with not much to show.

Lets be truthful for a moment , Raila was bought by Uhuru to simply shut up while Uhuru loots and share the loot with him.
If opposition was as vibrant as during Jubilees I. Uhuru wouldnt be the one talking in radio stations that his government is stealing 2 Billion on a daily basis.
Whatever Jubilee borrowed in the first 4 years you could see tangible results, SGR, Roads, Electricity, Hospitals name it.
Now Handshake Jubilee they upped the borrowing and what do you have , Money being stollen  ,BBI facilitation, MCAs being bribed, KEMSA scandal .
You cannot absolve Raila and opposition from this mess.

Kenya gov was headed to brokeness the minute UhuRuto came to power in 2013. Never in the history of Kenya has a ruling elite amassed so much wealth in under 7 years of ruling. The debts incurred under this duo will be felt for years to come. We were warned by economic advisors, but many thought in the end everything will be well as the duo will steal so much, that they will be satisfied with what they have stolen. Wapi, their greed was not to be quenched.
Today am more convinced that the fall out of the two is about looted cash. Most likely the Eurobonds. Ruto must have carried the loot and left Kamwana dry.

Gov is broke and now IMF will be running the show.
https://nation.africa/kenya/news/imf-comeback-signals-tough-times-ahead--3294020