Kenya: DPP Noordin Haji press statement on role of financial institutions in NYS 2 scandal (07.02.2019)

Opinion: Dr. Wagacha undress the debt trap, that Jubilee have created!

[Credit is a system whereby] a person who can’t pay, gets another person who can’t pay, to guarantee that he can pay.” Charles Dickens

We have seen it for a while, as the Kenyan government have spent much more, than they are actually collecting revenue and getting grants. The Jubilee government have not only siphoned funds, but borrowed funds like a drunk sailor. This administration have not considered the implications of the loans and the deficit, they have created.

Uhuru Kenyatta and William Ruto has ordered this ship, it has been known. The Grand Corruption by this government alone has made huge losses. Jubilee knows this and the ones that has followed this government. Have seen it with time and discussed it.

Now suddenly Dr. Wagacha says this:

Dr Mbui Wagacha, a policy analyst who left the advisory role in the top office last December after five years, says Parliament has looked the other way as the National Treasury gave the Kenya Revenue Authority (KRA) unrealistic revenue targets only to fall back on debt and expenditure cuts. “We borrowed so much and our headroom for debt has narrowed … there was an over-commitment to capital borrowing and that has left us with narrow headroom for debt,” said Dr Wagacha. “If you look at 2011/2012, we were spending only about 11 per cent of GDP (Gross Domestic Product) directly to repay debt. We are now talking about 57 per cent of GDP in public debt.””(Alushula, 2019).

We know that the state has issues, when the Jubilee are putting austerity measures given by the International Monetary Funds (IMF). While the Jubilee are taking more debt, taking more infrastructure grants and loans, as well as the state is not having the revenue to cover the deficit that has created. This is why the state is paying more of the GDP now, compared to what they did when Kenyatta and Ruto took power.

The Jubilee government could have carried it differently. The Jubilee have used the Eurobonds twice to get fiscal stimulus, but it was also a loan. Therefore, the Jubilee will have to repay those. Just like it has to do with the Chinese loans for the Standard Gauge Railway (SGR) and others, loans that the state has absorbed within the years of Jubilee.

Dr. Wagacha is speaking the truth, but the state has taken the Kool-Aid. Will it find a way to move forward wisely or will it continue the negative cycle of loans to pay-off the old loans, instead of finding revenue and creating a healthy economy. If not just living within its means and not pushing for more, than you can pay for without credit. Peace.

Reference:

Patrick Alushula – ‘Ex-Uhuru adviser says debt may affect growth in Kenya’ 05.02.2019, link: https://www.nation.co.ke/lifestyle/smartcompany/Ex-Uhuru-adviser-says-debt-may-affect-growth-in-Kenya/1226-4967482-b1tau4z/index.html

RSA: Competition Commission – Standard Chartered Bank Pleads Guilty in New York for Manipulating the Rand (05.02.2019)

Zimbabwe: ZIMTA – STAY HOME BE SAFE (04.02.2019)

Zimbabwe: Acting Secretary Dr. G. Mhanga letter to Chief Executive Officers/Provincial Medical Officers – “Proposal Interim Flexible Working Hours for Health Workers: Public Health Sector” (01.02.2019)

Preparation for General Election 2020/21: When these budget posts are served extra-funds!

As we are aware and since the National Resistance Movement (NRM) dropped their Road Map for the General Election of 2020/21, the whole system has started to flair up for it. Both with Electoral Reforms and other measures, to secure swift results in favour of the President and secure his cronies. That is just the way it is.

As we will see in the Budget Framework Paper for Financial Year 2019/2020, the government and their agencies are clearly gearing up for elections. As the NRM wants to make sure the appointed and anointed get their cut ahead of scheduled elections.

The first ones whose secured and getting well funded is the Residential District Commanders, they are getting 5,5bn shillings to promote government policies. There is also estimated right before the elections, the state will go from 128 districts in 2018/19 to 135 districts in 2019/2020, there the state has to use more on them just for the need of new RDCs too.

To give RDCs possibility to do their work, the Office of the President has asked for 25.4bn shillings to buy 165 Double Cabin Pickups, but there is only small fry for what is coming up.

The State House itself is gearing up, as the Office of President has asked for an allocation of 741.1bn shillings.. Just to give a feeling of the changes of gear, is that in National Budget Framework for Financial Year 2018/19, alone, the State House got 265,342bn shillings. We can see a significant change ahead of the coming elections.

To top it off, the logistical support, welfare and security to H.E the President, Vice President require 118.38bn shillings. Therefore, the Presidency, the State House and everything concerning that is much more expensive in Election Times and ahead of campaigns. As proven by the Report delivered to the Parliament.

This are just small pieces of what the Committee and what Jesca Ababiku MP delivered the Parliament, as requested to secure funding and also more funds to certain aspects. As it is fitting the elections and the timing for more cash to certain places. We saw it before the General Election in 2016 and is seeing it now. Repeating itself, getting budget for cars and more expenses paid. More funding to the State House and President. Just as programmed. To think otherwise is to be blind to what is up.

This is just what they do, not building institutions or such, but buying to time to linger in Office. Peace.

Reference:

REPORT OF THE COMMITTEE ON PRESIDENTIAL AFFAIRS ON THE BUDGET FRAMEWORIT FOR F’Y 2OL9/12O – 2023/2024, Parliament of Uganda, January 2019

RDC: B.C.C lettre au President Felix Tshisekendi – “Concerne: detournmentes des fonds du Tresor Public et de la Gecamines” (31.01.2019)

USA: Reps. Waters, Schiff, and Engel letter to Treasury Secretary Mnuchin on document to lift sanctions on Russian Oligarch Oleg Deripaska and Company (29.01.2019)

Opinion: Presidential Donations secured for up-coming elections in 2020/21!

Isn’t it convenience in the beginning stages of the negotiations of the Budget Sessions for the Financial Year of 2019/2020. The National Resistance Movement (NRM) have secured the allocated funds for the President Donations Budget, so that the money is secured for the President Welfare Fund, which he can use as he pleases. This is something sorted out, as the NRM and President is already planning the Campaigns for 2020/21. That is the initial reason for this, nothing else. Since, the campaign season boast lots of funds, spending and usage of state resources to settle grievances with plenty of people, also paying added staff, buying cars to VIPs, campaign material and everything else.

So the President needs this secured early, as we can anticipate supplementary budgets for the State House and the President Welfare Fund, as the spending will run-off the roof. That is just what they do and also did with the last General Election Period.

Take a look!

Cabinet has resolved that Parliament should continue allocating money to the president’s welfare fund. This is the fund that the president uses to deliver financial pledges. There has been concern from civil society over reduction of funding for the Youth Livelihood Fund implemented by Ministry of Gender, Labour and Social Development in the planning for the 2019/20 financial year and creation of a vote for a Youth Fund under State House. The creation of the Shs130 billion Youth Livelihood Fund under State House has resulted into the reduction of Gender Ministry funding from Shs 66.6 billion in the 2018/19 financial year to Shs 4.62 billion in the 2019/20 financial year.” (URN – ‘Cabinet endorses Museveni’s donation budget’ 29.01.2019, link: https://www.monitor.co.ug/News/National/Cabinet-endorses-Museveni-donation-budget/688334-4956718-axn6arz/index.html).

This here is a direct show of money, that the state is preparing its war-chest and securing funds for the campaigns. That is what this seem like, as there is a movement and quick resolving the needs of the President, as he needs the mobility and ability to donate as he see fit. That is surely to ensure the needed funds for campaigns.

If I am wrong, please tell me, but I can securely say, as the NRM put out their Roadmap for the upcoming elections recently. The drive and the need for funds are there. The President needs to pay-off possible loyal MPs, Pastors, Bishops or whoever it is. To secure, the sympathy and continued chronic cronyism, which he has installed while being in power for over three decades. Peace.

Zimbabwe: What is your game-plan now, Mr. President?

I got to ask, even if I don’t have any answers. As the depressing news and verified information is leaking from Zimbabwe. The days of the Shutdown, the dire straits. Some say it is propaganda and others trying to deflect it. Others saying the authorities are not at fault and others blame the MDC Alliance.

Whatever it is, it has been ordered from the “Above High”, the ones ushering in the violence, the killings, the arrests, abductions and the destruction of society. Comes from somewhere. The acts of aggression against civilians, the acts of arresting and detaining the fellow civil society leaders, either activists or union leaders. They have all been taken into custody and put on trial. They have all been silenced, like the Social Media, the Internet Blockade and other acts to stifle the voices of dissidents. So, that the President, the ZANU-PF and the Authorities could control the information flow.

However, that has not worked. Therefore, the acts against MDC is shown to the world, the way the authorities have picked up Union Leaders of late. Also, detaining other Civil Society Organizations leaders and activists, who have been targeted by the government.

Also, the other realities is the leaked footage of rape and the beatings of civilians. This has been shown to the world. The atrocities have been told now, the world has seen the sinister acts of the government against its own.

While, that is happening, the road-blocks, the destruction of markers within Harare and so on. There are so many bad things happening. It is hard to follow. Worse to verify, while the leaked footage are showing what sort of tools the government are using.

As President Emmerson Mnangagwa can stop this, as Vice-President Constantino Chiwenga can order this to stop. That is if they want this circle of destruction and sinister acts to stop. However, after two weeks of evil and of murky acts, which no government should do towards their own or anyone else for that matter. They are using rape, violence and fear against the civilians. As they we’re starting to demonstrate against skyrocketing prices on fuel overnight.

What is your game-plan now? Are you planning together with the PFee to destroy more people lives and show more sinister violence against them? Are this the legacy, the proud moment of your rule to deplete society? Is that why you wanted to takeover for Mugabe so you could repeat Gukurahundi of the 1980s. Then was to assault the ones who was behind Joshua Nkomo, now the same leadership are attacking the ones who are in and around Nelson Chamisa. Only him whose out of the spotlight for now.

What the world has seen is that the Crocodile and his henchmen bites. They bite so hard and muffle with the public. Mnangagwa and Chiwenga could have handled these demonstrations differently. However, you decided to do this.

As President and Vice-President, you could have handled this differently. Instead you used the soldiers, police and people are hiding from the law in fear of being haunted down like fellow comrades. That is the society the shutdown and PFee wants to have. They are using force and usign all means to stop them. This is not reforming, but an armed military dictatorship with no mercy.

Mr. President, what is your game-plan now?

Will you play PR Games? Or will you act sensible?

Because, right now, as the beginning of the Shutdown, the Republic is burning, people are getting hurt. People are getting touched by association or being in the wrong place at the wrong time. The authorities instead of guarding the public, they are punishing them. For voicing the frustration at the economic and financial mismanagement done by the PFee for years. Instead of finding solutions to it. The government sent weapons and assaulted the population.

Is that all your made of Mr. President, is that all you are? You are such a weak man, that cannot build anything, but only destroy? Is that who you are?

Because it looks like it and your game plan, suuuuuucks! Peace.