UN report warns on Kenya's rising external debt portfolio

Simiyu22 · August 19, 2016, 7:36am

You only call people leaders when they have a vision. What vision does Uhuru, Ruto, Raila, Wetangula have? Name me a principle (philosophy) from any of them. These people are just paper leaders. In there to fill in blank positions and loot as much as they can. How do you expect any of them to understand anything about debt or indebting the poor ordinary wananchi with every action they do.

nelo_angelo · August 19, 2016, 8:12am

I agree with your statement but these ppl are not only indebting the poor mwananchi, they are also indebting their own future generations. No rich man is assured of their wealth and their childrens wealth for life. This shows how shallow all kenyan politicians are they literally do not care about their own future generation’s wellbeing.

Tia_Dalma · August 20, 2016, 6:46am

Mjuaji:

No amount of evidence can sway a diseased mind. Kama umeambukizwa ukabila the only thing you’ll see is enemies when you tribe is in power.
Auditor general Ouko - a government official - comes out with shocking figures on hundreds of millions sometimes billions of money lost and a large section of Kenyans and Kenyatalkers decide to call him a liar because of his last name.
Lately it seems China is making decisions on how much we should borrow and deciding what projects we should undertake.

We have borrowed 600b from China in the last 90days yet our debt last year to China was 264b.

We will be paying 250b on interest debt this year which is 64b more than the teachers pay and 221b more than our health budget.

Invest in development has gone down about 9% (721b to 626b)which is slowing the circulation of money.

Much of the loans are going back to China as the infrastructural investments are tendered to the Chinese.

There is a motion in parliament to cap the interest at 4% above CBK, a move thats being fought by CBK and KBA sponsored by MP Jude Njomo.

The rise in the cost of petrol and related products has lead to an increase in inflation, increased cost of basic commodities and subsequently an overall price trigger citing higher costs of production.

Why Kenyans are broke as state borrowing grows | Nation

Me I am fron Nyeri and love this Auditor general Ouko

Tia_Dalma · August 20, 2016, 7:16am

Feesee · August 20, 2016, 7:32am

now the obvious solution will be taxation tax them all kamua wanjiku ksbisa

Tarantinoh · August 20, 2016, 7:53am

Can’t see mother Russia.

Ruffneck · August 20, 2016, 8:08am

Russia si member wa OPEC, sir.

Tia_Dalma · August 20, 2016, 8:20am

OPEC (14 states) total: 1,112,448–1,199,707
Russia (see: Oil reserves in Russia) 80,000[1]

Tarantinoh · August 20, 2016, 8:21am

Agreed mkubwa, In terms of oil and gas its more endowed than Venezuela.

Ruffneck · August 20, 2016, 8:32am

Nope. Pengine gas. Oil ni Venezuela inalead.

Check this out…

Tarantinoh · August 20, 2016, 8:35am

Thanks Mkubwa. Learnt something new.

Tia_Dalma · August 20, 2016, 8:37am

Simiyu22 · August 20, 2016, 8:50am

Yes this is more like it. The biggest exporter of oil in the world is Russia. Most of it goes to fund their military. These numbers show PROVEN reserves. Kenya has oil reserves but they are not proven. So we will not appear on this list.

Simiyu22 · August 20, 2016, 8:51am

@Tia Dalma I give you credit. There are many people on this ktalk from Mt Kenya that cant think outside their tribe even if it means for their survival. Some are even professionals, architects, doctors etc etc.

nelo_angelo · August 20, 2016, 9:07am

Unfortunately this is a Kenyan disease it’s not limited to Mt Kenya only. If for example you tell some Kalenjins that Moi wrecked alot of things in this country or tell some Luos that current Raila is not good for this country there is a high chance you will be seriously assaulted or be killed. The only time a tribalist will realize their demigod doesn’t care about them is when they lose everything because of the actions of these leaders.

Simiyu22 · August 20, 2016, 9:17am

True that.

Ruffneck · August 20, 2016, 9:21am

No, sir, those are figures for natural gas. Russia is not the biggest exporter of oil in the world.

Tia_Dalma · August 20, 2016, 1:09pm

This is for Natural Gas. Haujawahi skia Merkel akisema Russia wamemshika na BALLS zake. They will do nothing even if Russia invades Syria

In 2006 Merkel expressed concern about overreliance on Russian energy, but she received little support from others in Berlin.[56]

Simiyu22 · August 20, 2016, 6:28pm

Yes it is
World’s top oil producers - CNNMoney