Kenya's Debt Cycle
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- Опубликовано: 17 окт 2024
- As of June this year, our public debt was Kshs 6.6 trillion. Each Kenyan citizen, including those born now, owes creditors at least Kshs 139,000 due to public debt.
So what does it mean when the government keeps getting loans?
Is Kenya on the verge of debt distress?
Our latest feature, #KenyasDebtCycle digs deep into these questions seeking answers and highlighting how the appetite for foreign debt to finance infrastructure has devastated various sectors in the country.
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Being in debt is not bad but seeing uhuru and his mates getting fatter with it apo ndo inauma
inauma sana aki
Huyu Mtu literally alianza kunona lock down ilipoaza.
🤣🤣You can get fatter with age btw..Uhuru could have been fatter even from before given his background.
😂😂😂😂
But a debt you can't pay is the problem we have now
This program is all about the SGR and nothing about the debt cycle. I really wanted a broader macro study of the Kenyan economy.
I guess but we didn't have unsustainable debt until the SGR debt came along which along the other issue is the interest rates for that loan are apparently very high and may be the reason despite the president insisting on doing an interview with NTV and promising to release the documents with the details he never did.
@@anthonymutua1003 no debt is “unsustainable” when the borrowing is based on the future earning of the country. The catch is that the economy must grow. If the economy can grow at 10 percent per annum then the output (including Govt revenues) effectively doubles in about 7 years. Investing in your nation during an expansionary economy is basic common sense.... then along came Covid!!
@@jaywhoisit4863 But if there is no reasonable scenario that justifies the growth rate, especially with the SGR not extended to Kampala...if the rates are higher per ton carried each kilometer than elsewhere in the world...then there is a fundamental problem.
@@stevensmith2078 yes, poor investment ideas which are inherently expensive. If you look at the way the SGR was built up on earthen embankments with a multitude of overpasses and spans you can see the wasted money. The Brits had a line there just flat out laid down in the Savannah. It worked then and could have been copied for a fraction of the price. The leadership just cannot seem to make educated investment decisions which benefit the nation. It’s upto the commercial private sector to do what the government cannot....growth of our economy!
But any infrastructure laid down is better than dry still like Moi and Kenyatta errors
“ There are two ways to conquer and enslave a country.One is by the sword the other is by debt ” John Adams
Couldn't agree more with this saying
This country ain't a good place for us all. Even the brightest minds end up suffering because of our leaders. If you are able to leave this country and go to a better place, I support you fully.
kenya is my home.....running from a problem is not solving it....if ur house is on fire then try to put it off and save whatever you can....not running from it
@@joashkeya4812 Some problems are small and that is why you can come through to mend your issues but when it's you're leaders you will have hard time solving it because you have less power.
We're all patriotic we can hardly solve this issue because we don't have the power and you're just like any other Kenyan;less power.
Find a country that you think will appreciate your talent and skills and move there. Kenya is a lost cause.
I’m a foreigner living in Kenya. I think the potential for growth here is so much higher than in the west. This is a blessed country.
@@jaywhoisit4863 didn't you see the suffering the small man is going thro in Mombasa? but then again you are a foreigner and can't comprehend the local mans' problems
We are our own enemies. The minute you bring up a meaningful conversation someone looks up your second name and stops listening.
We end up forgetting the only two tribes that matter in Kenya/the world is between the Poor and the Rich, once people put tribalism aside then we can fight this "rich" as one n make a better Kenya for the next generation
@ShutterDe DON politicians merely adopted children of the rich. Eat in benefits but no inheritance. Once they done with politics if they didn't make for themselves go to their original tribe, the poor. Same as those who support the system ie. Musicians, media, millitary
Great Journalism from the African Uncensored team. May you never tire.
Eye opening. Kumbe we are in a worse state than initially thought.
Yep ni kubaya.
@@RB3565 open ur eyes and look around, listen to the news ... stop being eye shut by their politics
Watch news?? You speak it's like we have a free media.....media controlled by intimidation
Just watched this on NTV Kenya and it's shocking. I think many Kenyans are not really aware of our state of debts. Many Kenyans don't really understand he implications of these debts that continue piling up.
It's so sad and I think if we all tried to understand these issues at a more in-depth level maybe there's something we together as Kenyans could do
"We" lol miss you're sleeping in class! Wake up and get your passport and figure out how to get to greener pastures like US, Scandinavia or New Zealand for that matter and, you may one day give your future children a good life! 😊
@@tafari988 and do u think that getting a visa to those countries its easy bro like the middle east.
Watch wanjigi on ntv......uhuru must go to jail
Si we do a harambee and pay off the debts, eliminate government and disband the country?
Just watching from Scandinavia. But spending time in Kenya every ear for the past 12 years.
I cannot understand why you don't elect the right people.
You like politicians who are all talk and little to put behind their words. And you don't hold them accountable for anything.
Very, very unlike most of western countries ....
Impunity is a word I learned in Kenya.
Corruption is a phenomenon that I got to know in Kenya.
Uhuruto lost it. Now people are fully in Ruto's support. Do they forget he is part of the problem.
He's the deputy of the problem not even half the problem
Gives a break then why was giving fake promises ruto is not the solution.
@@juliusobango28 he promised Jubilee agenda but handshake spoiled everything. He's energetic a people first president like Clinton Bill
@@ipetert5372 that’s a lie. He went against his boss and started early 2022 campaigns. Looks like most Kenyans have short memories and are easily fooled. You can’t fool me with your lies. How do you disrespect your superior? The problem with Ruto is arrogance and he thinks he is equal to the president. I wish he could have humbled himself like moi during jomo Kenyatta’s time.
Just watch uhuru is being interviewed and he is fucken drunk . The idiot drinks getting drunk every night. Infact he is alcoholic and he needs urgent help . Uhuru is not qualified to lead our country. He borrowed money from chinese because the chinese bribed him billions when he signed 4 trillions of SGR contract
Japan's debt is internal, in yen and thier treasury bonds have negative interest rates. They also don't invest in unsustainable white elephants at three times the normal cost and then force people out of work when the project is not competitive and can't pay for the loan by decreeing compulsory transportation by rail. That the difference. But Kenyans fanatically voted for the people who did this to them and some STILL want to do so again. So how do you help such stubborn, self-sabotaging people? 🤷🏿♂️
Pls explain to them they don't get it or they don't give f
Absolutely. But also, education is at a very low rate in this country. Try explaining to the average man on the street these complex matters and how theyre being shortchanged, and watch the nonsensical tribal arguments that come back at you. Were doomed.
@@brendakipkemoi2738 Ya. So true. I've learnt this the hard way.
It's hilarious if you think that any vote in Kenya counts. These "elected" leaders are not your choice nor are they mine. The reason we end up with thugs and greedy people at the top is because (1) nobody with any modicum of morality or honesty would ever want to be a politician in such a corrupt country and (2) they steal, murder, lie and cheat their way into the seats. Voting in Kenya is a delusion to feed the egos of powerful despots. There's zero democracy in our country, we just say that there is to pretend we have adopted a "fair" system to give the common man a choice... but we all know the truth. We are just disposable moving parts in THEIR game.
Kenya has suffered from a symptom based management paradigm, which mainly focuses on curing the problem symptoms rather than addressing the main causes. Taking a crisis and turn it into a tragedy.
This feature has the capacity to unearth so much more.
Kazi poa. From the title to the depth. Tafuta interviews na politicians, tukuwatch big league.
Former president Kibaki will go down in history as the best president Kenya has ever had in as far as matters economy and government spending are concerned. The heavy and unnecessary borrowing by uhuru's regime has had devastating effects not only to the economy but also our currency, no wonder the shilling is weakening by the day against major currencies. May God bless Kenya a leader like Kibaki.
Kenya's main issue is corruption..tungekua mbele sana
Yes, but again i ask myself if the train was so help transport Containers cheaply and faster, i expected the so called Transported products at least to cost slightly cheaper that's how we can all benefit. All the projects in Kenya are aimed at helping the rich to be more richer. GDP cant give a clear picture of the status of a nation. Only economic Development can tell the truth.
True sister same here in Uganda all African leaders are corrupt.
@pm bana anapiga kura ufala alafu analalamika
... smh
Sio corruption, ni leadership mbaya na kuwa wajinga.
NO! Kenya's main issue is Kenyans. We choose the corrupt leaders. We do not demand much from our leaders. We are as corrupt as our leaders. Our pastors are corrupt. Our doctors are corrupt. Let us not lay blame on inaminate objects like corruption. It takes corrupt people for corruption to occur.
It would have been great if you drilled into the numbers. That would explain better why the debt may or may not be a problem. Otherwise, great content as always.
Port of Mombasa was used to secure Chinese loans, (collateral loan) that is the main reason they constructed inland port in Naivasha, Mombasa port will eventually become China port.
True
Fully agree on that
China ain't stupid my friend, they own the port in Mombasa, they own the sgr, they're probably the ones constructing the one in Naivasha and Kisumu. They're very strategic(long term) in negotiating contracts, and are about to put a squeeze on us. We tried warning people way back before sgr and thika sh, but most of our people are short term focused. We are going the way of Zambia.
I have no problem with Chinese taking over fully
It doesn't matter. This is a sovereign loan and must be paid. It is immaterial what the collateral might be. Secondly, I think you are getting it wrong. The dry port could have been constructed anywhere along the line if it was just to get away from Mombasa. There are good reasons why it was constructed at Naivasha. There is an expose on you tube on that. Just look for it and you will find it.
Good work, guess you should have gone further to sample two other areas where borrowed monies have been spent or stolen e.g. Kimwarer, Arror Dam... Further breakdown the numbers compared to our earning abilities like how much tax per citizen compared to debts over the years. Finally is there a nexus between the depreciating shilling to the dollar as the payments start maturing?
And what happened to the water hyacinth menace in lake victoria. The governor promised to deal with it.
Quite literally siasa mbaya maisha mbaya as Moi would say. When do we decide to change all this at the ballot? Having watched this will it influence Kenyans to wake in 2022? Tough times ahead for all of us, we MUST wake up
YES!!
I actually like that you don't need to compare with Japan to realize we are in deep. Just look at our economy, comparison isn't the answer, respectively that's a really bad answer.
You cannot compare Japan to Kenya. Japan can at least print out its money to pay off the debt and Japan is Americas ally. Kenya pays of its debt through the dollar which is bad because that can cause an inflation crisis and Kenya and Africa as a whole the economies are not strong enough. Africa has 34 currencies which are the weakest currencies in the world
If today there was the world most corrupt country competition. Kenya will be one of the "badass".
😢😢😧😧
arent you waiting to vote so so called hasla..then you will realise uhuru was child play..
Think about Greece and Spain, there is a lesson to learn from those two countries. Also, one should realize that road overhaul (transport) is not sustainable, those transporters should have been given a chance to buy stocks in the SGR project.
If the road transport in not viable, then why has the govt been trying to force containers onto SGR? Why can't both be open to competition? Under normal circumstances, what you are stating should have been correct. But due to corrupt inflation of costs, SGR cannot now compete with road truckers
Spain is socialist. They did trains to impress the masses but losses are huge now. Kenya needs to divorce projects from politicians and let economists do the work. Firing squad for corruption like China does will end the vice
When Kibaki Left Our Debt was about a Trillion- See ourselves Now.
We r almost to 7trillions bro
We already at 7T
Kenya is so fucked! These mega-projects should be stopped for at least 10yrs. Audits are done then the habit of over-inflating prices for everything manze...as a youth am so fed up with how things are run in this country!
The depth of reporting is wonderfully shocking. Kudos
I liked this documentary. I feel like it had a lack of depth concerning the Mombasa SGR issue. For instance I think the SGR is more expensive than road trucks for businesses. The SGR was meant to pull businesses into using it not forcing the, to use it. I think if this was covered in more in detail would have had a greater effect. I enjoyed the Kenya Airways expose the depth was amazing.
John Allan Nani is doing a brilliant job with his investigative journalism with the African unsensoured..... 10 times more than his colleague Mohammed Ali who joined politics and obviously joined the others in tormenting Kenyans with poor leadership
Minute 3:43 is where it all started.I cannot fathom how we allowed it .
This is sad. It has been predicted that next year 2021 will be a n economic breaking point (implosion) for Kenya... Public finance and public debt must become an important consideration for the ordinary citizen because these things affect his/her life directly.
Add COVIG-19 Pandemic to the mess
When Jubilee held their big launch, I knew that one day they would come to collect the expenses incurred. And here we are.
what an amazing content. Africa uncensored is doing us a great enlightenment deal. This youthful government has failed us terribly. They suck, let us be enlightened and do great things, take a new move for the love of our nation
KK Government will sink the county in debts
It's a Debt Trap. If you don't believe, see what happened to Sri Lanka.
People like uhuru with their billions won't have much to worry about
Very true.
Thanks for the Sri Lanka pointer, any links you can share that i can study from?
@@Rhenadhis ruclips.net/video/4qzEVyYCOV0/видео.html.Tell me if helpful
44:00 for a fisherman the guy is very eloquent. Both in Kiswahili & English. I am a frequent English speaker but have rarely used the word pale
Is the railway the sole reason for growing Kenya’s debt? Building a rail line through Kenya has never been cheap. Ask the Brits. They called it the lunatic line.
Most think it’s a mango tree that takes a year to bear fruits. Change also is painful to many and elicit resistance.
History truly repeats itself.
So why build a second lunatic express?
Crazy
And why didn't we renovate the old railway and yet ilikuwa imefika mbaka malaba na ingetu cost vile hii ingine imetu cost.
Trying to compare Kenya with Japan is weired. SMH!
But even the interviewer behaved like a primary head teacher,,,Uhuru needed to calm him down
@@legendovbago4716 yeah its true
@@legendovbago4716 Maybe but he didn't actually give an answer to the question which is what the problem the SGR loan is all about. You probably know by now several countries have had their national assets taken by China in Africa and Asia as of today for defaulting.
lol bana
Uhuru was simply unable to answer that question
The sources of these problems are the ones advocating for BBI
Very true, there is no money to pay doctors but their money to do a useless referendum
@@isaackega8382 surely! Talk about poor prioritisation!
Politicians are busy for their stomachs. BBI
BBI is not your problem you elected the problem in 2013
@@allanmibei true, very true
The question is....is that 6.5 trillion even accountable??
Naver
@@manofreality3656 such a shame
Sasa umeenda Mbali za kimwarer and aror dam projects zilikuwa part of that money but now no one cares what happened to the money billions of shillings lost
Everything "govt" in Kenya is Siri Kali. The composition of the debt is Siri Kali. The SGR contract is Siri Kali, etc and the people have accepted it that way.
Please let us all unite and be wise when electing leaders this is really bad seeing your country sinking and people dying of basic needs so sad.
problem is who is willing to rise and challenge this billionaires.who will be our bobbi wine.cause we urgently need one
We now elected the KK Voulchers
I sincerely hope that in 2022 we will not forget and succumb to the sweet talking politicians and really look into who we are electing in. And pray for God to intervene.
Am from Tanzania 🇹🇿 and all i can say is i hope our dear neighbors find a way out of this. It hurts seeing fellow East Africans deprived of their opportunities on their own soil. Smh 🤦🏽♂️
Just worry how you as Tanzanians are going to pay the banks the money that you are borrowing to build your SGR.
@@rodneyagesa1851 our taxes are used to pay the loans on time and doesn’t go to corrupt leader’s pockets. That’s the difference here under JPM.
@@geopolitics94 the same Magufuli who can't even admit he is borrowing, the one who cons the EU money supposedly to fight corona? Let us pay our debts in Kenya.
@@rodneyagesa1851 the EU granted that money out. We didn’t borrow like Uhuru just to share it on KEMSA watch. Actually we didn’t ask for shit and they just jealous we aren’t suffering like they expected us to.
@@geopolitics94 they granted the money to fight corona, then Magufuli declared that there is no corona in Tanzania and then used the money for campaigns. Let Magufuli answer the EU where is their money, has then deadline he was given to answer that question passed?
I have a feeling the next 10 to 20 years will be hell for as for anyone who can remember Kenya in the 90's were in for a rough ride !
Dry port...sounds like someone advertising dry water
Yeah...China has constructed dry ports in some Asian countries. Pipe dream.
Mark maasai really went there though @3:28 ...#best interview
This is so sad, the common mwananchi will suffer beyond word can describe.
We've lost many souls from our highways especially trunk roads personally I've lost friends especially Mombasa Nairobi highway it was full of trucks and buses .blackspots like Maji ya chumvi and sultan Hamid claimed thousands of Kenya.But since the advent of SGR things have changed no more deaths and maiming accidents.. Better I loose employment than life.that's my personal view.
Spoken like a man who's kids have never starved
There is nothing wrong with SGR! The "S" stands for standard. The world is going standard, train engines and locomotive coaches are going standard, and standard is the way to go. The complaint has been that Kenya's SGR cost was varied by almost 50% from the figures signed in the MoU by the Coalition govt. The loan repayment therefore includes cost if corruption hence the need for the govt to arm twist importers to use SGR, wapende wasipende! That's the issue!
uhuru kenyatta came to completely finish us, this man must be high on drugs otherwise yo cannot be this careless with your own people.
He was raised abroad,,just came to Kenya to worsen our situation
Son of a traitor of the freedom struggle. That Kenyatta family is a cursed selfish family breastfeed by the colonizer to keep Kenya poor to allow exploitation from foreigners of our national resources
@@naiskaurrai2464 true
He was raised with a golden spoon in his mouth, hajui suffering ni nini huyu. Naivasha ICD ni shamba yao...nkt
Chunga Subaru ziko full tank nanii
Hey all kenyans we need to work together coming 2022, msipumbazwe atii kuna mwenye ataleta change,change is your vote and my vote why don't we use it?or else we will cry.
hahaha. and the choice is usually who to choose between a devil n a demon.. good luck to you
I was thinking to open my own business in Kenya but now I'm thinking to open it in Tanzania
Kenya is my country but I respect your decision. Coming here with all the corruption, taxes and redtape will surely make me look the other way.
@@munenex But you are forgetting to tell him that in Kenya we know when the government borrows money but in Tanzania the government borrows money from commercial banks and lies to Tanzanians that it is their taxes.Wajinga hao.
Has Magufuli admitted that he is borrowing money from banks to build the Tanzanian SGR?Kenya is an open society you can't compare it to Tanzania!
@@rodneyagesa1851 I will leave you to your thoughts. If you have any money, invest where you want. It's your money.
@@munenex But don't lie to us that Tanzania is better than Kenya.
I know I'm not the only one who saw that lady crawling in the background at 31:53 😂
I’m seeing truck people troubles which reminds me of KPLC tenders business. The government banned cutting of trees (very good for the environment) but it didn’t tell the business owners in advance. You just wake up one day and now we can’t supply wooden electric poles to kplc and so many people are jobless now. The government is making the right moves but not looking at the people affected. I see trucks packed in people’s companies with all the wooden poles
Polen sana ndugu zetu wakenya, noomi Tz mjifunze utawala na usimamiz bora wa mali za umma.
The question is where does the money for corruption come from development my foot
Good job done by those who made the documentary.
# INVOLVE THE PUBLIC IN PUBLIC POLICY.
Print the contracts for major loans in the newspapers for all to see before they are signed.
Well stated! Let there be public participation. The SGR contract is so dirty that Uhuru cannot make it public even up to now, yet it is the public who are repaying those inflated, corruption driven costs!
Instead of fixating on Rutos wheelbarrows, the media should be asking Ruto how he will deal with the effects caused by imbalanced trade with China. What are his plans to give this people back their jobs?
😂😂😂😎👀 Am I the only one who noticed this...!? @ 31:54, there's a woman on her knees moving from left to right of the screen behind Uhuru's raised hand!
Thought I was the only one 😂😂
From the documentary my take home was among others, the SGR was overpriced and has led to loses of jobs and businesses in Mombasa so the question. Was there a need for the SGR and can the trucking business continue to thrive or compliment the SGR? Is road maintenance factored in the cost of trucking. So where do we go now?
Though I don't like this government, this documentary is very shallow on the whole issue. SGR was obviously going to leave several casualties. The issue of corruption, poor governance and impunity is what ails this country the most. also not to be left out is a bloated public service and our so called "elected representatives" because they are just too many of them
I have more issue with there salaries than there number, they should be paid 40 to 50% of what they current get paid.
@@t0n0k0for example why pay women rep. What exactly do they do for women, some of these seats are jst a waste of taxpayers money
Eye opening for sure.We are in a deep hole and its getting depper.Alafu tuna sukumiwa BBI na energy zote.I wish the same energy was used to come up with solutions to this crisis.
Stress tu aki....you can cry.
Great feature as always. I feel though that the subject changed midway to SGR woes.
True. I expected more of the debt cycle woes Kenya is getting to with other countries The title should be The impact SGR China debt to Kenya
To those saying that corruption is the issue I personally believe its not major issue here.. The fact that money is not a subject taught in school is the real issue.. We vote for politicians who are not financially literate and thats what's costing us.. The foreign debt.. If not payed then we'll be forced to default on the debt and that means China taking over major assets owned by the government.. The only way to solve our public debt is by printing our way out of it(inflating our currency) and that will have serious consequences.. The fact that a graduate fresh from business school or any other faculty can not properly differentiate between money and currency shows u how illiterate we are... I think the only way to solve all this is to have the subject of money taught in school..
Eventually devolution will seize to exist in order to service its debt and still expand its development infrastructure
Devolution consumes only about 15% of the revenue. Its existence or otherwise will have no impact on debt. But kwa ground the people will not accept any reversal on Devolution.
These are the issues we need our government discussing...
Expanding railway across Kenya and Africa is the way to go this open up travels and connections and trade routes.
Let's take time to educate ourselves financially.
Uhuru we're talking about Kenya..
Yes tell him
Problem is corruption and stealing, not borrowing. Borrowing is essential for development, even at a personal level.
Sad state of our nation. 😔
Dear: Mr. Kenneth Okwaroh, I want to respectfully disagree with you on the opinion that: A loan with a grant period of 6-10years ,before interests are paid back aren't feasible terms. They actually are, if the capital is intelligently allocated and aligned with globalisation. I would indulge your further clarification /defense. We need to be united as Kenyans and see a better possible future if we work diligently and intelligently, with a unifying purpose a prosperous people.
We need to purge this entire government and elect a new one.
Tano tena
7.32 to 8.00 that's where we went wrong. and borrowing in foreign currency.
I fully agree but, no country will give you loans in Kshs.
@@mambofornasa yeah...Coz our cash is weak
I tend to disagree bro,l think we opted borrowing based on debt to GDP ratio rather than focusing on debt to liquidation ratio
What really pains me is asking/applying for a loan then consuming it.... KENYA
I know this is going to be an unpopular perspective but I'm betting on Kenya. There are two perspectives of debt. One is the strict numerical structure. The other is potentiality. You have to take a risk to make things happen. I personally believe in what Kenya is doing. I'll accept the risk of being an ignorant fool and a prosperous risk taker. I've come to learn that I'm in good company based on FDI stake holders. It's not about what makes strict numerical sense right now, it's about the instincts surrounding our economic spirit. Sometimes faith trump's science. I'm one of those idiots who believes that.
Debt per se is not a problem. The problem is the massive corruption that went into the SGR and similar projects like Arror and Kimwarer dams. The original MoU that was entered into by Kibaki govt for SGR was clean. But when Uhuruto govt took over they cancelled that MoU and signed a new MoU/Contract that was inflated by nearly 50% above the initial cost. The graft component was intended to compensate the homeboys who had financed Jubilee campaigns in 2013. The graft in SGR did not just happen. It was right there in the contract. It was there by design. That's where the problem lies.
@@georgeodhiambo598 don't worry about the corruption too much. Kenya is a place where we face our realities. Study the histories of most developed countries and you will understand that corruption is not unique to Kenya. We will get past this stage and we will come out of this experience as very wealthy and wise people.
@@KelvinKim-desu How can we not worry about a sink that swallows up nearly 40% of the revenue annually? Corruption in Kenya has reached a crisis level. That's a bad advice!
@@georgeodhiambo598 it's not about ignoring the corruption. It's about valuing what you have and using it as a source of power to fix what needs fixing. I'm not too worried because I've seen or country grow and become more serious about fixing systemic problems. We have come far from the country 15 years ago where we knew grand corruption existed but we were unable to mention 'waheshimiwa's' names. Today, noone is above public reproach and I feel that is bearing fruit. It's a matter of keeping up the momentum and taking full advantage of the things that work to become more powerful as citizens. Rome wasn't built in a day.
A simple question: can I pay my and my children's debts NOW and we never be taxed ever again? Of course we will require some ID card that deducts taxes from our future purchases.
Uhuru ni mlevi hajui kitu anaongea.
Pombe sio supu
Jamaa hauogopi ku Impeachiwa kwani?
Japanese debt is internal not external.Through bonds
I magine You borrow billions and employ the ones giving You loans so that the same billions go back to the lender. We paid way too much. White elephant 🐘 . Alot of wastage. We must re think strategy..Foreign debt is too high. Corruption too high. Which way Kenya?
Are those contracts even proof read? Ama it's just give me a pen tumalizane na ii kitu. You're signing away transport industry, fish industry and the others we don't know of. At least take loans with sensible debt clauses.
It pains me to hear how ignorant and careless our president can compare our dept with japan's, bearing in mind japan burrows using their currency wheres we burrow using a foreign currency...am disappointed...
Love the documentary. However, it focused more on where the debt had been used...and the effect of that choice of investment on businesses. I thought it would focus more on the effect of amassing the debt itself on the people and the economy in greater detail
Actually he narrowed and focused on one debt, maybe he should have used a different title for the documentary.
Githeri media, what did you expect?
I agree with you. It never delivered what we expected.
Ati Japan 😂 What??? We are not in the same league with Japan CHEZA LEAGUE YAKO 😡🤬
Yes Japan is clearly more indebted than us so we are not in the same league.
Stupid president. 1st world are so developed and have diverse economy that supports its population. Can't afford to waste a shilling
@@rodneyagesa1851 Goodluck with that idea 😂😜🤪🤮
@@abdirizakmohamud6591 A debt is a debt whether in Kenya or Japan.
Rodney stop talking like a fool the dynamics of these two case economies are different obviously Japan is more developed than us and secondly they borrow in their currency
Debt isn't a problem. USA has a debt to gdp of 80% , japan is 240% ours is 69%. The issue is being productive.
For Kenya, the main issue is borrowing and then stealing the same.
My nigga, those two countries are economically centuries ahead of us... you cannot compare them and a third world like ours
Revive Mombasa by taking the judiciary there, let it be the headquarter of the judiciary that is.
that is very wise ....it will also bring a slight balance in power and also make people of mombasa and north eastern feel a bit more kenyan
Human activities; encroachment, water pollution and degradation of the lake has interfered with the ecosystem. The water has become dirty and one can clearly spot mineral particles in it. Weeds like the hyacinth which reduces oxygen levels and kill off or make the fish migrate to the neighbouring, fresh shores has also impacted the output.
_It is worth noting that natural or wild fish that is caught from the lake is still preferred over factory-imported or farmed fish as it tastes better._
I never liked this president right from the beginning. I warned my fellow Kenyans from 2012 when I was just 20yrs of age but a lot of people discounted my message. Uhuru has no leadership qualities to govern a country. An absolute failure.
What about Raila ?
@@johnlewis8340 Raila or Ruto all those guys are the same. They have caused economic collapse because of their incompetence and ineptitude.
@@johnlewis8340 Raila is no better than him. This time tuangalie record za leader na manifesto bana
@@johnlewis8340 Raila isn't the one who was borrowing and looting kenyans dry for 9 years. The enemy of Kenya are the ICC criminals elected by stupid jubilee voters
@@mulohaven5063 Raila isn't a thief like these ICC criminals. When he was working as Prime minister kenya saw the highest GDP growth & development.
so the kenyan economy can now be compared with the japanese economy mr. president?
Kumbe wakati nime zubaishwa na Madocho na Mbogi genje kuna msee ana fuliza na Line yangu manze
TUMEKUNAUWOO!!
The government should let heavy bulk goods to be transported
by rail, and goods that are lighter and/or more perishable to be transported by road. As it is now, 'seems like competition shall be opened when the loan is fully paid up.
The story is just too painful to digest, interpretation of what development is seem different between an ordinary kenyan and those in Government starting with the president. Uhuru and his administration focuses too much on the wrong things while basic needs by Kenyans are openly neglected.
This just breaks my heart....😔💔
I said SGR is a scam and you didn't believe me see now .
Good stuff. Thank you for this piece of information
Now this is the kenya we know.. And yet the gpvernment still wants to take another loan #smh
I felt that the title of the video does not match with the content. corruption and disadvantages of the SGR would have been an apt title.
Soo sad but the truth
This is about SGR and imported Fish, with the debt cycle as a minor addition.
Second hand clothing from China REALLY this guys are more poor than us is it really second hand ? and fish called tilapia from China and we have the biggest lake in Africa called Victoria .I don’t understand at all .
its conditions of the contracts signed
Beyond stupid and criminal imo.
This is VERY good work. Keep it up!!