Red Flags In Kenya's Domestic Borrowing & The 2023 Budget- Dr. Alex Kamau
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- Опубликовано: 6 окт 2024
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We are all in a house of cards...... 'Collapsing any time'....like a building on Thika road... done by a cheap contractor
This don is learned, competent and eloquent! I small and tiny as I ma be, I am impressed. Siti the "teacher" bless you is holding his own along with the rest f the crew. Keep it up, bring this caliber of knowledge and competencies.
Great & Informative Interview! We need accountability from those responsible to explain this massive heist of funds…Uhuru is on record saying we lose 2 Billion a day to corruption in Kenya. No wonder we are in such a mess today.
Your guest is well informed and on point. Keep it up
How long before loan default like Ghana, Lebanon and Argentina
If the Eurobond was for the SGR, then why are the Chinese claiming that we owe them money for this Rail Road? Why are they holding the port of Mombasa as collateral? Am I missing something here?
You don't remember waiguru and her salonist carrying Eurobond money in gunias
Spice FM should have graphics as a post production feature
Dr Kamau breaks down these economic jargon loved by bureaucrats to very clear and simple language.
Bottomline; GoK is a hopelessly bad manager of our taxes.
The railway development levy was supposed to repay sgr loans. To date, GoK has collected over 300B but nobody knows where it went or how it was used.
Same for the petroleum development levy.
Interesting and informative discussion by the presenters and Dr Kamau.
We have crooks in the treasury and cbk
The risk of banks holding low rated coupons...is the depositors run on the bank...the bonds value will not be enough to meet liquidity...insolvency
This summarizes it, scary times ahead. The rich have started hoarding money (dollars) in their houses hence the shortage. They can see what is coming.
This is what collapsed the banks in Silicon valley
I have learned so much!
Thank you!
My Finance 101 indicates that an IFB is meant to finance Infrastructure? Now we are using them to close financing GAP's for GOK opex and loan repayments.
I loved this...very very knowledgeable guest. Keep it up.
You should have people who have audited the budget so we can know what Wanjigi said if it's true
Foreigners are now running away from Kenya, which is very damning to the Ruto government and a demonstration of lack of confidence in the country.
I doubt there'll be much interest in the infrastructure bond, mainly because of the trust deficit in this government.
The three main banks have been downgraded, which signals they're a big risk to buy; their shares will come tumbling down. Will they close shop? Only time will tell. But the three main banks hold 24.5 trillion, which means each of the banks holds at least 800bn worth of government bonds. That's a lot of money which is at the risk of being lost.
It's instructive that the KCB group has lost 26% of its value from January to June 2023, and the future prospects are not good at all. Notably KCB group is worth
You are right. Bonds default, pensions and salariy cuts are the next shoe to drop. Smart money is leaving Kenya in droves. Africa Oil Corp (Lundin Group) and Total have abandoned the Turkana Oil project. Dark clouds are forming. The vultures are waiting.
Outstanding debate. Very informative.
Awesome show I really learnt alot
Great conversation
It's interesting the kind of people we place in the leadership of our country! Do they really care? The horrible things they have done are nerve-wracking!
Do the citizens really care when they vote for these people? I think not.
Awesome
Ati Eurobond to build sgr??? Kwani deni ya china yenye ilikua inajenga sgr ilienda wapi?? Awache uongo we have 3 eurobonds and non of them can be accounted for
Now if gava borrows locally sasa mwananchi ataenda wapi?Hi ndio State capture,looks like gava wants to play private sector and gava at the same time thats suicidal.
Treasury and CBK regulations require amendment to be independent institutions.
The painfull thing is that in 2014 when the SGR Eurobond was being taken we had economic advisors for the presidency which the current president was part and also parliamentary committee with experts on economics and financial matters who approved all these things. I can conclude that these individuals usually consider first what is in for them at the expense of the 50 million kenyans and generations to come. Right now the same people are playing blame games for the Uhuru regime pulling in handshake yet they were part of the same government for the longest time.
This guy is sharp😳
CT Muga ako na mtu?Asking for a friend she wants a mbaba ?Chaukweli ❤😊.
Let me romance your response 😍❤
Woi...hard luck.This one is taken😊
we are not getting out of this ''debt slavery'' this people took loans without thinking... we are in a mess, for us to recover it means we need to go without any major projects close to 7 years paying taxes to pay loans
Ako sawa kabisa in accounting... No doubt he has a PHD...
Sasa kama mtu amekataa kukula na huku unampa ugali kwa fujo
Kelele yake ni Unga tu
Jamaa hashibi
Ujinyonge vipi
This deserthoppers don't require a whistle
To harvest the entire field who are you
And this wanjigi hawa ndio the macartel chini ya maji
The other day he was told to declare the wealth
Akajaza bedroom na mabazooka
What was he scared at
Shenzi
PFM Act should ring fence Eurobonds and have sinking funds to match liabilities
2 Billion @ 7% over 10 years = 4 Billion !
Did I just hear that Euro Bond was worth 2 Billion dollars and it should be repayed next year ? . Our case is an accident waiting to happen!
Q- was govt authorised to borrow domestically?
A- the govt purposed to borrow...
Translation- No, govt were not authorised to borrow domestically, but they did it Anyway.
The interest rate has to go up to attract foreign investors.
What????
No foreign investor will invest a cent with the Kshs loosing value this fast and the present gava is not helping either infact they are gambling or kicking the can down the road like the Gentleman said.
It seems like we are going round and round in circles borrowing from Peter to settle Paul. Why don't we ask those who stole from us to return at least three quarters of the amount and keep a quarter of the stolen amount to themselves. This should start with our president showing the way so that he can have the moral say asking previous leaders and principals including thieves he has recycled into his administration to do the right thing for poor Kenyans. We need help
Sophisticated investors should visit Ghana instead of holidaying in Dubai for IG pics