Kenya signs Kshs 18.74bn agreement with French govt to build Ruiru II dam. https://pbs.twimg.com/media/C3z8rCsW8AAv4XG.jpg https://pbs.twimg.com/media/C3z8tFKWcAAYaDV.jpg
Kenya has signed a Sh18.74 billion agreement with French government to build Ruiru II Dam and Water Supply project to help address water issues in the nation.While addressing the media on Saturday, President Uhuru Kenyatta said the project was as a result of long term mutual relationship between Kenya and France.
“We welcome an old friend who has chosen to trust in us because investments like these show true friendship and partnership in the development agenda,” he said.
Hey Shoopid, your goD boycotted the inauguration in 2013 and instructed you his obdent sheep not to watch, listen or read. That was how you missed that part about ‘friendships based on mutual respect and reciprocity’.
[COLOR=rgb(255, 0, 0)]“We will embrace partnerships based on mutual respect and win-win scenarios. We will not accept partnerships that do not recognise we also have the intellectual capacity to engage on equal terms. [COLOR=rgb(255, 0, 0)]Africa has a voice. Fifty years after independence, Africa demands that its voice must be heard[COLOR=rgb(255, 0, 0)].”
This is good news for Kenya; however can you elaborate what we’re giving up in exchange. Is it out of the good nature of their hearts that France, a country in dire financial straits, decided to gift Kenya a dam? Is this 18.74 billion a loan or a grant?
Really OK, since you know. Break it for us how much was the loan, interest, duration, grace period and categories. Don’t worry I’ll be patient for this expose which I didn’t know.
If hypothetically your statement was true that means the government sees the turn over of these loans is short term, probably when Ruto is becoming president. It’s called duration/cash flow matching which is taught in finance 101.
There’s no need to take a long term loan if you know you’re going to have a liability over a short period of time.
You have a lake and have let it go to seed (with hyacinth that has economic value) and we are importing fish from China, but you cannot stop muttering about other peoples’s efforts to secure water for the urban areas that sustain all of us.
The next big headline:-
[SIZE=6]Raila opposes construction of Ruiru II dam. [/SIZE]
[SIZE=4]They are always mum when these kind of projects are launched but splash it all over their front pages when the big noise maker opposes it. [/SIZE]