We are tethering on debt default. Wanjigi gives our best case scenario

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2013 - 2017 was our waterloo.

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Kazi ya uhuru ahikwe

Scary scenario. You go to bed with 10k mpesa and in the AM you find treasury imejitumia 3k sans your password :oops:

wataiba pesa zetu

Things are not looking good elders.

Teetering, mwalimu. Tethering ni kufunga kama mbuzi hivi.

Won’t happen. Kenya is way, way more economically complex than Ghana…in fact, if our politicos were more serious we would get out of the debt crisis in a year…

Si wameshaanza kuiba. Huskii kuna mandatory deductions ya houses

arap mashamba jambass

Mambo za ;
Niliskia achana nayo!
Ninaona achana nayo!
Najiuliza achana nayo!
Nikama achana nayo!
Kuuliseko achana nayo!
Tulikuwa achana nayo!
Huku kwetu achana nayo!

@Electronics4u pumzika leo nimekupa off :smiley: Baba akisema nami pia.

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sasa tuweke pesa kwa mattress na nyungu ama nini? Si amesema gava itaingia hadi kwa MPESA

@Electronics4u mbona picha haziload

Point 1 about our economy being diverse and robust is true, we don’t depend on any particular sector to drive the economy.

Point 2 saying it can’t happen, is pure fantasy. It can happen and it will happen if the markets continue with how it’s behaving. Remember it’s the markets effects which will determine default. It’s beyond govt hands now.

Remember if markets refuse to roll over Tbills and want redemption after maturities and don’t want to subscribe to Tbonds govt will have zero power to induce anything.

If in Eurobond payment next year, markets refuse to lend to Kenya in $ what will Kenya do to offset the due eurobond. Use it’s foreign reserves? Next year we have like $4B foreign debt repayment to be done.

There are some solutions to all this but markets have to be convinced before having faith in investing in govt paper to ensure perpetuity of government debts

I hope it won’t happen but you saying it won’t happen since out economy is more complex that Ghana is just wishful thinking

Wanjigi shouldn’t be taken serious at any costs. He is a serial tenderpreneur and an economic bandit!

unfortunately you are wrong. he is one of the people you should be taking serious, kwa io topic enye tunajadili hapa.

he he i have a solution that is not very good…
one way we can default debt repayment (for some time) is creating a temporary political crisis… like a coup…military takes over…
we will get a temporary reprieve of around 3 - 4 yrs from international lenders as we sort our local mess…

wewe unaweza enda kudai mtu deni yako kama wanapigana marungu na mke wake ??? :D:D…
i know i sound stupid but lets think about it… can be a bloodless coup

Unfortunately,his character is already tainted. Would you trust a doctor who has been previously charged with organ trafficking? I bet not.

Ours might not be a coup as such but a gross political instability masked as maandamano