Opinion: Kenyatta speaks good game, but it is all talk…

For a man that has been the President since March 2013 in Kenya. You would think he would think more clearer about his words and what message he sends across. Because, it is not like this Kenyan President since 2013 have delivered any significant development, except for a huge White Elephant named the Standard Gauge Railway (SGR).

That is why it’s amazing to see that President Uhuru Kenyatta speaks of development and how its ought to look like. The man has had the time and the ability to deliver some if he cared. However, the President has been caught up in a web of corruption and loan-drives, which has enveloped into a dark spiral of fiscal responsibility. Also doing this in such a manner, that the Kenyan government will struggle with the debt burden created with very little too none to show for it.

Just read the words from the President:

ABIDJAN, Ivory Coast, November 25, 2020 – President of Kenya Uhuru Kenyatta urged African governments to put their citizens at the centre of delivering service during Africa Delivery Exchange 2020, a virtual event that opened Tuesday” (…) ““Our people know and understand what development ought to look like and what benefits it should bring to their social-economic wellbeing. Therefore, any failure to quickly address the missing middle within the development paradigm could create a deficiency of trust between the electorate and those in positions of leadership,” Kenyatta said” (African Development Bank Group (AfDB) – ‘Africans “know and understand what development ought to look like,” says President Uhuru Kenyatta’ 25.11.2020, APO Group – Africa Newsroom).

It is like Kenyatta knows the rights things to say and do. However, his own track record is abysmal. The man haven’t done anything. Nothing substantial. His legacy will be grand-corruption and a Presidential Handshake. The forged and rubbish Building Bridges Initiative, which is only for the elites to eat more and not for the general public to get a better government.

President Kenyatta knows this. He used the Cambridge Analytica to spread his messages to the masses. To secure the elections and rig it in favour of him. Odinga saved him with the handshake and bought him time. This way he could work in peace and without any real opposition. That is why Kenyatta doesn’t have to deliver anything. Since there is nobody to outplay or outperform. The opposition is compromised by the BBI and he can do whatever he feels.

The Jubilee Coalition and the Jubilee Party have been a winner for him. It has given the man time. However, he has not delivered any development or the “big four” or anything else he has promised to do. If he has delivered anything in his time … its more debt and interest rates on the next administration.

President Kenyatta can talk big game, but his only talk. This man is not about implementing it or making it happening himself. He has spent all these years in office and not delivered. It will not change now in his second term. That is just not happening. This is why the BBI is such a big thing. Because, the President got nothing else… nothing else and it will not do magic. It is a forced referendum and not the trick to solve all the issues at the present time. Peace.

60 Seconds of Trump’s “Closing Bell”

Today, the 24th November 2020, as President Donald J. Trump is becoming the incumbent who lost and will not become the President in the next term. Held one of the weirdest Press Conferences. As he only gave the White House Press-pool 10 minutes in advance. That he would give a statement.

The briefest statement and the weirdest. Not the first or the last time he comes out praising the numbers of Wall Street. That the man is obsessed with the numbers of Dow Jones and NASDAQ is well known. The lame duck have loved those and shown to them as his achievements.

Alas, he is still keen on having this as one of the things he did in office. However, the one minutes remarks are saying a lot. His not helping the transition of Biden. He has been reckless in office, nearly only gone golfing of late and stifled the process of the finalization of the elections. That is the sort of behaviour his been up to. That is why the Transition of Power only started officially yesterday after days of knowledge that Trump had lost. He has still not officially concede and most likely he never will.

Trump might think the numbers-game of Wall Street will help him. However, his abysmal approach to the pandemic. As the numbers are soaring. The Thanksgiving travels will not make it less and cause more spread. The lack of Federal guidelines and regulations has made it more evident that this man doesn’t concern with the spread of COVID-19. His own White House has been hit too and himself have had it at one point.

The President is reckless and acting beyond ordinary measure. That he needed 60 seconds of praising the Wall Street out of nowhere is on brand. That his trying to look successful, even when most of the things his done is a failure. The man want to look great, but isn’t at all.

Trump uses the Presidency to enrich himself and not serve. That is why these publicity stunts happens and its serves no purpose. The Wall Street doesn’t need this. They are not served with the erratic behaviour of the President. The President isn’t delivering market stability or securing the financial stability in the long-run. His run the country possibly into another recession and possibly depression, because of the aftermath of the COVID-19.

The industries, the imports and the whole trade-wars combined with a pandemic will not only deplete, but make fiscal policy more relevant. As the markets are crashing, the lack of investment and the lack of buying is going away. The foreign investments are going down, as the foreigners has enough to keep their businesses alive at home. That is why this pandemic is hurting across the board and unemployment is growing world-wide. Not only in the United States.

The President and his team haven’t configured or delivered anything substantial to the devastating effects of the pandemic. So, even if the Wall Street is booming today. The quick rise might be a fluke and sudden start falling. As the realities of the lack of money in the markets, the prices will sour and the future isn’t that bright.

Yes, Trump is soon “Gone In 60 Seconds” and the Wall Street will anticipate the moves of the Biden Administration. What they will do and how they will secure the bull-market. As it has been bullish, but who knows when its crowding out or even becoming bearish. Nothing last forever… especially not in a cruel market as the Wall Street.

So, for Trump to praise a record doesn’t say much. It is only striking that he used 60 seconds and went away. That’s just depressing and weak. His ready to cheat on the golf course and not be in office.

President Trump praising the numbers is a useless expedition. Showing that his neither serving nor working for anything useful. He could work to ensure the stop of the spread. Instead, his doing this and it won’t amount to anything.

He only used a minute, which will go down as mockery of himself. Praising the traders and bull-market, but not being there for the Average Joe when they needed him the most. During the worst pandemic in living memory. He rather praise the returns on the stock-market, than actually do anything whole heartedly while still being in office. Peace.

Kenya: CS Ukur Yatani – National Treasury & Planning – Media Report on G20 Debt Service Suspension Initiative (20.11.2020)

The NRM lacks Fiscal Responsibility!

There been so many times the National Resistance Movement (NRM) apologists and defenders have claimed the opposition lacks Monetary Polices. However, contrary to public belief or perception it seems like the NRM is failing on this themselves. It is very simple reason for all of this.

The NRM and the Government of Uganda, which is the legal entity and de facto legitimate state at the moment. Have the power to borrow, loan and get funding for their operations. They can budget and make monetary policies. The government can make it possible to inject and add stimuli to the economy as a whole. That is what is happening all the time, but it is also very important. That if they fail to do it properly. It can have dire consequences.

One key aspect the NRM and its government have failed over time is to show fiscal responsibility or balance its budgets. The NRM regime have been borrowing and been deficit financing. They are in a cycle of loans financing old loans. They are adding debt burdens to build roads, pay salaries and do basics of the state. While nothing having funds to cover the shortfall and the interests. This is why fiscal responsibility is so important.

On EconomicsHelp.org it states that Fiscal responsibility is defined as this:

Fiscal responsibility implies a government pursues the appropriate level of government spending and tax to:

– Maintain sustainable public finances.

– Ensure fiscal policy aids the optimal rate of economic growth.

– Maintain appropriate levels of public investment” (Tejvan Pettinger – ‘Definition of fiscal responsibility’ 13.10.2020).

It is very simple concept. To be fiscal responsible isn’t an revolutionary act. It is initially only spending the money you have and not spend other people’s money. Know what sort of revenue you do have and not expect a sudden miracle of funds appearing out of nowhere to cover a possible shortfall or lack of funds. This is how the NRM has practically operated.

They have needed loans for any sort of project. The NRM have tried to add their tax-base, but at the same time drained the economy. While spoiling itself and adding more and expenses. When they are not generating more natural income. The plus and minuses isn’t adding up. The state is also anticipating more loans, paying more interests and not paying civil servants.

Civil servants, the local government officials, the teachers, nurses and such needs their salaries to sustain a living. That salary pays the overhead, the food on the plate and other expenses. Some of this money will be returned back in taxes and VAT. Therefore, the state will return some of the funds.

This is why the state has really outplayed itself. When its living on borrowed money and donor grants. The state isn’t sufficiently run, when the funds dries up like this. When the state have to issue suspension of paying out salaries and expenses. Except for a handful of cronies, the army and law enforcement. That isn’t a sign of strength, but of weakness. This is basic governing.

The government who governs should be able to plan, secure and add enough revenue to able to pay salaries to its civil servants. If they are not paid? Why should they go to the office? They should be farming instead or work for a public company instead with their experience and skills. It is a waste to be a civil servant, if it doesn’t pays. The mortagage, the plate for supper and the UMEME doesn’t stop asking for money. The bills will continue to come. The landlord can knock on your door and give you an eviction notice.

That is why this is failing the basics. To not balance the budget and be fiscal responsible. It isn’t a magic masterpiece or an unbearable task. To explain what the NRM has done for years. Instead of spending within their means. They have instead been spending like an alcoholic, being buzzed drinking at the bar with no coins in your pocket, but hoping someone else is paying your tab. Peace.

Uganda: A halting economy ahead of the polls

The National Resistance Movement (NRM) and President Yoweri Kaguta Museveni, which is clearly struggling ahead of the polls in January 2021. The NRM cannot run away from the problems, as they have no overhead and isn’t fiscal responsible.

The NRM have already issued a budget of 39 trillion shillings for the Financial Year of 2020/21. They have also issued Supplementary Budgets, which has added more funds. Still, they have not covered the needed funds to expenditure. This is even as the NRM issued a Supplementary Budget three days ahead of this Budget Year and a First Supplementary Budget recently with big confidential expenditures. Therefore, the state has given itself funds and added expenditure apparently without having room to actually spend those. Because if it did.

This wouldn’t be the case:

The crisis has been unleashed by the permanent secretary to the Ministry of Finance, Keith Muhakanizi who says where things are heading, government is likely to pay salaries of only civil servants in the State House, Electoral Commission, Public Service and the Ministry for Defense. The other departments will be ruled out as non essential and according to Muhakanizi, most of the servants will be laid off till government recovers from the economic pandemic” (Emmanuel Busingye – ‘Exclusive: Only UPDF, police to receive salary as bankruptcy looms, 12.11.2020, Ekyooto Uganda).

This is being fiscally irresponsible. That the Ministry of Finance has to cut of expenditures and spending on state employees in the middle of a pandemic and an election. No matter when really… it is just wrong. It shows that they are not balancing the budgets. They are not showing responsible action towards revenue versus expenses. The state and the NRM is spending money they don’t have and which is squandered. Because, if they we’re using funds properly and had some sense. They wouldn’t be in this in the first place.

The state would not bank on funds coming from a weakening tax-base, expecting donors to bail them out and in addition expect multi-national organizations (monetary organizations) to give grants or loans. This is what the state has expected, also thought and used wrong projections of revenue. That is why they are here. If they had planned within their means and spending within reason.

It wouldn’t be cracking like this. However, the state usually have cracks and is broke after elections. Not in the middle of it. As the state needs funds to campaign and pay off political affiliates. They will give away cars, t-shirts and other things to the general public. Also, ensuring pastors, chiefs and leaders across the Republic campaigns for the President. That all costs and usually makes the campaigns expensive and breaks the bank.

This is irresponsible behaviour of the state. They are misusing their powers and their mandate. As they are anticipating people to work, but for no salary. As the state is not paying it out on time. When people have bills and need their salaries to survive. It is a dire need and the cash grabs of the cronies is eating the funds, which is needed for public servants like teachers etc. These are the ones left behind.

The NRM cannot act like its “Securing Your Future” or delivering “Steady Progress” when it cannot even carry its own expenses at times like these. Peace.

Opinion: Kushner is the Prince of Nepotism

Jared Kushner the White House Senior Advisor and Son-in-Law of the President. His only there because he married into the First Family and married the favourite daughter of the President, Ivanka Trump.

Jared wouldn’t even had a thought or anyone caring about him politically if it wasn’t for the blessed gift of nepotism. He wouldn’t be hired to the White House and all the roles he has around the President. If it wasn’t for his family association.

Jared isn’t in Washington D.C. because he is well seasoned politician, educated and has progressed in life on his own. The only way he made it in New York and was able to run in Real Estate. Was that he took over for his father and participated in the same slum-lord business. That is what he does for a living and what the Kushner’s are known for.

With all this in mind, this man shouldn’t lecture people on ability to reach success. This man has gotten everything in life handed to him. Jared haven’t worked hard a day in his life. His a entitled douche who is trying to lecture African-American. That they are lazy and they could succeed too.

If Jared had been raised in Inglewood, Compton or in Long Island. Than, he could have proven himself. However, this man was raised with a silver-spoon. Raised in wealth and in the ranks of wealthy New Yorkers.

Kushner’s are these kind and the father paid him to a Ivy League school. Not because Jared has the skills, but because the father had the dough. That is how easy life has been and then he married into the Trump family. Therefore, he could enjoy the spoils of the White House and the deals made with foreigners to bankroll their life-style.

That is why Kushner should go off his high horse. This man should actually work a day in his life. Not like his a factory worker or even worked from scratch. Jared couldn’t even reason or understand the troubles of the middle America. He has even less of understanding of the minorities, which he tries to lecture on Fox News. He should call Ice Cube like ASAP to gain some knowledge.

Kushner is acting entitled and arrogant. Jared is the Prince of Nepotism. Who is telling others how to be successful. He should shut-up and drink his soy-latte. Not tell others how to do it. Jared is the wrong man to do so. Peace.

Zimbabwe: SADC have become Mnangagwa’s tin-soldier!

Every regime, every junta need their buddies and allies. If not their work becomes so much harder. They need someone to play along and be useful for them. For President Emmerson Mnangagwa and Zimbabwe African National Union – Patriotic Front (ZANU-PF) this is now Southern African Development Community (SADC).

At this point SADC is sounding like ZANU-PF themselves. There is little difference to the statement made by SADC and the ones coming from the Government of Zimbabwe. Neither, any difference really from what is made from the ZANU-PF either. Maybe, a little wording different and some way of articulating it. The ZANU-PF would be more rouge and rougher. However, their ideals and ethics are the same. In favour of the same government and their actions. Calling the International Community out and asking to end sanctions. That is not new, but has become a battle cry for the 2nd Republic.

A piece of the SADC Statement:

We applaud our Zimbabwean brothers and sisters who have shown great resilience, notwithstanding the damaging sanctions. It is commendable that Zimbabwe is now among the Top Five doing business reformers in Africa, and Top 20 improvers on ease of doing business score in the world, this is according to the World Bank’s Doing Business 2020 publication. The region has also noted the Government’s efforts to compensate former commercial farmers Zimbabwe.

Zimbabwe continues to implement economic reforms aiming to turn-around the economy. Reforms under the Transitional Stabilisation Programme are, gradually stabilizing the economy. The Public Order and Security Act, as well as the Access to Information and Protection of Privacy Act have been repealed, as part of ongoing legal reforms. Zimbabwe would have achieved more, if not constrained by the imposed sanctions” (Statement by the SADC Executive Secretary, Dr. Stergomena Lawrence Tax on October 25, the Anti-Sanctions Day – SADC calling for the lifting of all sanctions imposed on Zimbabwe, 24.10.2020).

ZANU-PF should be super happy about that statement. Ahead of the SADC Day, which could become a holiday and a festive day for the ruling regime. They are pulling all the strings to make a fuzz. The junta want to show the cause is popular and have the people behind it. Even if that wouldn’t be true.

The ambassadors and the Ministries of Foreign Affairs have explained why the sanctions are put on Zimbabwe. The ZANU-PF will not listen and will not accept the accomplice to human rights violations, extra judicial killings and arbitrary arrests. Stifling the opposition and silencing the dissidents by any means. Even going in and trying to stop the biggest opposition party. Therefore, the ruling regime is giving all the reasons to continue being sanctioned.

The ZANU-PF and SADC is playing the game of “reforms”. But if reforms is throwing civilians, activists and opposition leaders behind bars. Then the Mnangagwa government have gotten far. If the rising inflations, hectic financial and economic policies. If Command Government policies is the thing. Then, the current government is killing it. However, that is not what the ones sanctioning is asking for.

ZANU-PF and SADC can act like this, but that doesn’t make their statement true. They can fool their own, but not the ones who is following the situation. As long as state of affairs is deteriorating and getting militarized. You know there is less hope of removing sanctions. However, the ones in power wants wealth, either by the hook or by the crook. They don’t care how they earn their fortunes, as long as they do so. The ruling regime have no trouble living lavish while the rest of the general suffers and cannot afford the basics. Peace.

RDC: Ministere des Finances – Communique de Presse (20.10.2020)

The UTL Saga: The state salvages the debt to resurrect the Walking Dead

This Mango has gone through a lot. A former state company sold to Libyan investors and after the Libyan credit started to fail. The Ugandan Telecom Company (UTL) or Mango started to suffer too. The Telecom have been so hard hit that three years ago the state had to take it over.

There been so many twists and turns, where the company have been rumoured and speculations. Even the Minister and owners was speculated to moved to a shell company in Mauritius. Therefore, today’s sudden windfall and paying off debts. Is only bailing out a sinking ship and hoping it still doesn’t sink.

The UGX 45.6 Billions to the TDB (Eastern & Southern Trade & Development Bank). With this payment of this debt. The state is initially taking over UTL. This as they plans to make the UTL attractive to investors again. Mango haven’t been viable for years…

The Libyan Post ditched in March 2017 and since then it has struggled. The Libyans said the Government of Uganda needed to figure out a transformation plan for the UTL. It has clearly taken three years to figure this out. That nobody wanted to takeover the loans of a company, which haven’t invested in Telecommunications in years. Where the changes of mobile data, 3G and 4G networks for smartphones. The UTL haven’t had the funds or the ability to change with the times.

UTL is struggling because the state haven’t been able to save it before now. The regime needed over three years to figure this out. This with the steady leadership of Evelyn Anite, Frank Tumwebaze and Gen. Kahinda Otafiire interfering all at different times. While they have all done their part … it still took the Committee until now to secure payment for the debts. This should have been resolved earlier, if they intended to make it viable business.

In 2017, Anite even wanted all Ugandans for Patriotic reasons should have one UTL line. Maybe, she thinks everyone has a Airtel, MTN and could have UTL sim-cards in their phones. As the usual person should have at least double or dual sim-cards.

This all been a long lasting saga, which shouldn’t take this long. It is a fledging company. A former state corporation privatized and sold for scraps to Libya investors. Who earned on it in the good times, but ditched it when it got hot. Because, it been years since the UTL been viable and been a commodity.

This Mango is rotten. The Mango tree isn’t yielding any fruits anymore. This is a Walking Dead Enterprise. A Telecom who has no traction and is only throwing good money for bad investments. The money could have been burned in a street or thrown down a storm-drain, and it would still have more sense then investing it here.

UTL is being saved, but was it worth saving? Does it have any assets or financial liabilities worth mentioning? The competitors are miles ahead and the UTL needs huge investments to be in the same arena. Do they think another investor will spend money like a drunk uncle in a market, which is already filled with big companies. Who has small margins and higher taxes.

Therefore, the ones doing it … has to be regime “friendly” and willing to throw away good money for a bad investment. Peace.

Cameroun: Presidence de la Republique – Objet: Droits de douane et taxes sur les telephones et terminoux importes (19.10.2020)