Considering the claims of Kenyan bankruptcy in the media and counter claims that the country is doing okay from Jubilee, Bob Collymore, IMF, IFC companies reporting great returns of profit. I’m of the opinion that Kenyan journalism lacks professionalism and are all non-objective stories. All that they are is hekaya writers or doomsday fanatics to sell news.
Despite all the eating at the high table of the executive, the country is still financially sound. Just imagine if they weren’t as corrupt as they are, we’d be a Economic Powerhouse. Even Senile Mugabe knows.
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How’s Mugabe’s economy doing compared to ours?
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Exactly! Just because the Kenya govt maybe broke is not an indicator as to how Kenyans on the ground are faring. Kenyans (at least in my county) are very, very rich people. Ni gava haijui kucollect taxes. Think of how much taxes they could generate if they accurately captured the revenue from every small business, every chama, every hustle…Then again, the fact that the govt is hands off is a huge motivation for starting small businesses.
Business journalism is especially poor locally.
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You have no idea what you are talking about. If you are using Itumbis statitics, well fine! Business journalists are not mogoka eating fellows who churn out stories from nowhere. Facts are there, ni vile they have to be broken down into basic facts that readers can understand! And they go before analysts to verify them before final print. Hiyo statement yako inanikalia mtu husoma business news kutoka mpasho ama kahawa tungu.
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cc @Deorro ndio hio maneno sasa
Poor, cooked, moshene-based, unethical journos. Wanangoja a post from @Wakanyama 's views on corruption kwa butchery, @Nefertities stand on feminism ama @Kidinyi 's horror series hapa KTalk watangaze kwa 9pm news.
Bure Kabisa
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Go to business daily cite one article and tell me why its ethically wrong. Kama huna naweza kukutumia pdf ya leo. I dare you to take the Challenge
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Thankyou! Most people huangalia tu picha business daily!! Even somebody dared ask me Sudoku iko page gani! I like their advert that comes at NTV during that 5am gospel show., Most of these mogoka spitting youth huwa tu wamelala!
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Therein lies the problem with Africans. We think we can tax our way out of any situation. We think taxation is our ticket to prosperity. No country ever develops on taxes alone. Actually, over reliance on taxes only work to encourage non-compliance by taxpayers hence lower yields. But since wewe ni chokosh, hata hii hauwezi elewa.
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@Touchlyrics u I’m an avid reader of the Business Daily na journals zinginezo za finance while eating kangeta in the hood. Truth is, the Kenya shilling against the dollar is something that almost all currencies are facing. Secondly, companies in Kenya are reporting profits from various industries, telco, banking, insurance, real estate. Mtu pale juu amedinya point, the country is not broke, the government could have eaten more corruption than it could chew but we are not at a precipice, as Collymore put it.
As much as business reporting is wanting,where was IMF during kibaki era? Everybody is nice to you when they want you to take a loan,they were even nicer to Greece.
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By the way I’m not convinced that our gov’t doesn’t collect enough. Shida ni lack of (proper) prioritization and wastage (via corruption, etc). The wheels of bureaucracy are exceedingly slow. This late in the financial year, some dep’ts are yet to commence spending their allocations and some haven’t even received it. Every year around June there’s a rush to spend.
Last I recall, the absorption figures for most ministries and dep’ts were below 50%, meaning half of their yearly allocations/budgets are returned to Treasury unspent. Where’s the gap?
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naona the 36 bloggers wamefika huku pia
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kuna kitu sijawai elewa. kama absorption rate ya budget is about 50% hio 50 ingine ni venye huwa inapotea ama aje?
Sema tu unataka kuwa the 37th blogger. Otherwise, your arguments lack substance.
Zii. Inarudishangwa Treasury. Whatever remains unspent at the end of the financial year is returned there.
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then we are safe. juu kama budget ni 2.6 trillion na expected tax revenue kitu kama 1.2 trillion ambayo ni kama 40% ya budget so if only abt 50% is absorped it means then theoretically the deficit will only be about 10% ( hii ni laymans thinking lakini)
Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.
Yes indeed, they call expert analysts to breakdown the figures. Like the other day i saw Edwin Sifuna on a tv show breaking down how unnecessary the SGR is.
Its pointless to try thrust my point down your throat…you cant handle it!!! 
*I mean you ain’t getting it. *pun intended