Eurobond – MinBane

Eurobond 3.0: Marching the state into a debt-trap!

“Kenya has accepted offers of Sh210 billion in a third Eurobond it has named the “Kachumbari bond”, which will be used to repay other loans and fund unspecified infrastructure projects” (Daily Nation, 18.05.2019).

There are already been several of warnings on the rising levels of debt under President Uhuru Kenyatta and Deputy President William Ruto. The Jubilee has raised levels to unbearable levels and certainly, this will hit the economy at one point. As the grace-periods and the repayment levels will eat huge parts of the budgets. This is because of the reckless spending, the grandeur of grand corruption and whatever else the state has spent their ill-gotten funds at.

Because, this isn’t funny, this is spoiling the future and destroying the trust of the financial institution, the value of the currency and also the financial markets. This is all done because of an political elite has found a way of eating, which will in the end cost the state more in the long run. It is a quick fix to take up a loan, but the loans has to be repaid and usually with interest. That means it will not only cost the initial loans, but also the added interests. Plus it will be more damaging if the state cannot pay for it and have to default on the loans. Than it might loose its collateral and has to give away valuable assets, licenses of extractions and others just to barley get by.

This will be legacy of Kenyatta and his Jubilee Party. As they pre-occupied with one scandal after another. As the State is busy scheming finding new ways to eat, instead of finding ways to serve the public. The elite is so hectic about it, it needs to rehash old tricks to fund themselves.

When you have to take up loans for unspecified infrastructure projects, you know its not really that serious. You are just gambling on debt, raising debt and creating an evil cycle of debt management, which in the end will make the state poorer and poorer. As you have to raise more and more funds to have capacity to serve the old loans, while taking up new to cover for the old ones. In the end giving an alcoholic one more beer on credit and not expecting him to want another one after his finished with the first one. That makes you a fool, not cool and aloof.

There isn’t anything good coming out of this, unless you buy yourself land, house and even pay off old creditors, but why care right? Because, you have to down the line find new creditors to keep up with the newly created debt. You might cover for the old debt, but at one point you have to pay for this one too. Its a cycle of slow-destruction, instead of gaining revenue in a natural order. This is just bloating the financial markets, creating a giant bubble, which at one point will burst.

Than, you have a headache you cannot handle. This should be known by the Presidency and the Cabinet itself. This should be basic knowledge, but seemingly they are to happy to eat. That they are filling their pockets and ensuring their wealth is created. While the public in desperation should wonder, why could their representatives misuse their trust, misuse their power and their ability?

Why? Could the state take up three rounds of massive loans, which has nothing to show for. Other than more debt and becoming trapped in cycle, where you only loose and never win. Peace.

KRC/CCCC: SGR Operation ‘Secrecy Agreement’ is a disgusting way of muffling the employees!

You know that Kenya Railways Corporation sucks, you know that the Standard Gauge Railways project is fatigued. As the circulations of the Secrecy Agreement that all employees has to sign onto. Which states that the employees cannot tell the truth about the operations or the works of the corporation.

They expect all employees to be strictly confidential about all matters connected with the SGR and the Kenya Railways Corporation. You are not allowed “to record, store copy any information or violating the SGR Operations”. Therefore, the SGR and Corporation are clearly muffling its staff. This includes “participating in negative articles, writings or videoes or photoes on social media or Facebook or Youtube and etc. that involving SGR Operation”. So when the company goes this far, it says how dire the operations are, they cannot be golden, but instead grim.

This is happening after the state orders all Containers from Mombasa to be put on the SGR and also pushing for the public to use the rails. However, it is still not profitable. As the project has been costly and also embarrassing as the grace period for the loans are soon hitting the government. Meaning, the huge loans for the infrastructure investment comes to roost. Therefore, the needs for revenue is even more important. To patch the hurt, before moving on to other projects.

That is why these sort of leaks and showing how far the Company takes it. Shows how bleak the situation is. When they have to muffle and silence the employees. Since the Secrecy Agreement has Chinese signs on them, it could be given by the tendered company, China Communications Construction Company (CCCC), which have the 4 extensions tenders to the previous built railway from Mombasa to Nairobi. Therefore, this could be the direct interference of the contractor CCCC, that would explain why the agreement wrote Youtube as Yutube. Because, that is a site that is banned in China. So, if the CCCC employees wouldn’t know about it and its spelling it would make sense.

Because if the employee was to break the agreement, they would meet the SGR discipline, whatever that means. If that would be termination or put on leave, its hard to know, since their protocols are not out and the KRC/CCCC are not that open on this matter. I am sure they didn’t want the Contracts into the public sphere anyway. Since this is disgusting silencing of the workers and taking away their rights as citizens. This is all communications outside the operations is not allowed. This is not about keeping away company secrets, but keep negative social media impact of the company. However, now that the agreement is out.

I can assure the negative articles will come, not only that the state has order transports of containers directly, that its not profitable and not a wholesome company, instead its a mismanaged State Operated Enterprise (SoE). Surely, the Kenyans should feel betrayed, as they are silenced by outside forces, who are building railways in their republic. The CCCC is acting as kings and they are the servants on the spot. Not allowed to talk or express opinions, just work on the clock and shut-up. That is initially what the contract is saying. Peace.

Ruto snubbed at Kabarak: Next time have an official Plan B!

“Marcus Burnett: Is this still plan B?

Mike Lowery: Naw, this is definitely plan C!” (Bad Boys 2, 2003).

Before politics, William Ruto was a walking preacher, who later joined in with the Orange Democratic Movement. Until he got tired and couldn’t eat enough. So he launched the United Republican Party in January 2012. In December 2012 he went into an alliance with Uhuru Kenyatta. That led to the victory of the 2013 General Election and also the formed alliance, that became a joint party now named Jubilee Alliance Party. With this in mind, Ruto has been playing the cards as he has seen fit.

When he was on the rise to power, before becoming someone to mention, he used the platform of Raila Odinga to become someone. While he didn’t rise enough or eat enough. He went out of that party and created his own. That he did just in time to join the The National Alliance of Kenyatta and create the Jubilee. So he could live among the allies and secure the battlefront against his former allies.

This weekend, as the bridging gaps between ODM and Kenyatta is in full affect. The handshake that has put torn in the flesh of many and also far from patching the hurt. Still, Ruto want to be the big-man and be someone you respect. Therefore, he doesn’t want to seen as a leach, but someone who can carry himself and importance. This weekend has shown how much power he really has.

When Gideon Moi, the KANU leader, the son of former President Daniel Arap Moi. Everyone of some relevance visits him and have talks. The likes of Odinga and Kenyatta has recently been there in the home in Kabarak. This weekend the Deputy President traveled to Kabarak with his helicopter. However, the doctors appointment was more important, than seeing Ruto and shaking his hands.

Whatever reasons for the snub, this is still showing the obvious. That Ruto isn’t as all powerful, he didn’t become the victor of the handshake between Kenyatta and Odinga. That was the first thought coming to mind. As it seemed that the grand-big-man, with his little village project of houses and expanding businesses, he is clearly not respected. That is accurate to say. Because, the reports of Gideon Moi being behind the snub. Shows that KANU has respect for Kenyatta, but not Ruto. He is lucky enough to be DP, but not lucky enough to visit and have lunch with the former President. Wonder if the same would happen if he visited Mwai Kibaki?

Because Odinga went there too… Ruto might have made a Public Relations impact, as people feels sorry or people are disgusted in Gideon Moi’s actions to block him from having lunch in Kaberak this weekend. However, I just feel that this shows lack of power that the Deputy President currently has. Secondly, he is disrespected and also shown the door. Therefore, a man with his office and stature can be blocked like a bloke asking out a girl and getting the door shut in the face. Instead of eating out and having a decent date. That is what happen to Ruto. Which is for all reasons humiliated.

But it also make Gideon looking giddy for the wrong reasons, as he knew that Ruto was coming, but sent his father to Doctor. Such a gentleman.

This is the first shot from Gideon, as people are speculating about 2022. However, this shows just how fickle the roads to power are. Even when your on the top, you can still get shade like everybody else. That has been seen with the sudden Kabarak visit from Ruto. Maybe prepare a believable Plan B? Because, you cannot trust anyone I suppose. Peace.

Kenyatta apologized, but will he patch the hurt?

In the State of the Nation Address, the fifth of his kind, President Uhuru Kenyatta did go into the expected territories, however, he went in one direction I didn’t anticipate. He asked for forgiveness. But as a leader, I hope he acts, because he knows how he came to power for the second term in 2017. We know how he was the loudest voice of discontent, the one who has blatantly disregarded the rule of law, the one that has used the army and the police to hurt civilians. Therefore, the ones that was in-charge of doing these ills should pay for the hurt they caused. Not just, apologize and move-on. Just as if Rail Odinga got his handshake and his role in government, so now he does not care how the Independent Electoral and Boundaries Commission (IEBC) rigged the game. Here is the part of the speech I felt had some values, worth mentioning.

“We also learned, again, a hard truth. Neither peace nor unity are a given; we have to work for them. I say so because last year taught us that if we don’t put an end to unrestrained political competition, it will put an end to Kenya. You saw what happened. In the heat of the campaign, words of anger, malice, and hatred were spoken. Politics was no longer a debate between opponents on issues; it was a clash of irreconcilable enemies. You saw the consequences: lives lost, property destroyed, our unity sapped. I want to be clear here: never again should Kenyan life be lost for politics’ sake; never again should Kenyans’ property be destroyed on account of politics. But that will not just happen on its own. All of us, and in particular we leaders here, will have to admit that last year, we failed in our duty to preserve the unity of this country. And we must make amends. First, I pray that all of us will spend the days and weeks after this address repairing the bonds that frayed last year. Let us apologize for our words, and for the anger and malice that Kenyans heard. From Mandera to Maseno, from Mbita to Mvita, from Lodwar to Lunga Lunga, let us shake hands and embrace our neighbours, and let us celebrate the diversity that is God’s gift to us. Let every leader in the country reach out to our sons and daughters, and remind them that they have it in them to forge a Kenya that speaks gently, that criticizes constructively, and that embraces and respects dissent and competition as healthy and civilized ways of collaboration. And since leadership is best done not by exhortation but by example, let me do as I have asked you to do. If there was anything I said last year that hurt or wounded you, if I damaged the unity of this country in any way, I ask you to forgive me, and to join me in repairing that harm” (Uhuru Kenyatta – State of the Nation Address in Parliament, 02.05.2018).

It is good to hear this from the President, I just hope it is sincere, but if it is, then there is need for action. Not just handshaking Odinga, give him some coins and thinks the families, the tragic deaths that occurred on your watch goes away. All the Extra-Judicial Killings, the big shots who sudden killed days ahead of the elections. Those will be remembered, they will not be forgotten, even if you ask forgiveness. They are still bloodstains on the hands of the President, who hasn’t really done anything to investigate or more like a cover-up to not look into those who has lost their lives. So that he could rule a second term in office.

I wish it was differently, but it wasn’t only innocent civilians that passed away because of protest, police-brutality and electioneering. There was people who mattered and was high upon the food-chain, still the deaths of these lingers on. With many unanswered questions, into the levels, of who paid who and who ordered to send for who? As long as those questions are open, you can wonder if the highest command want it die down and go silent. So that they wont be questioned for their role in their demise.

It is hard to forgive, when your not even trying to cover-up or trying to patch the hurt. You don’t even try to forge or change. Seems like all talk and no play. Since, everything you have done is to pay-off your worst enemy. However, not look into the systemic indifference nor the activity that lead to the demise of the people during the elections. That is because that will hurt your own allies and the dark shadow of your presidency.

Therefore, I don’t expect President Kenyatta to really look into the Police Service, the Military or the Government institutions involved, even investigate into the Cambridge Analytica, the tenders of electoral frauds and the rigging of himself. Since, that will delegitimize his role as the President. It will humiliate him and his allies. He can talk about apologizing, but will state offer more condolences to the ones who lost their loved ones during the skirmishes of the police in and after the Presidential elections? Will he offer them a trust-fund, something to secure the families of the ones who lost their lives? Will the kids get support for their education and a safety net for the ones who were betrayed by the state in the run-up the fresh presidential elections?

Because, I hate to say it, its easy to apologize, but takes courage to investigate himself with a independent body and also use the coins you self have gotten to help the lives of the ones you hurt. That would have been mature, that would have been righteous. However, I doubt it would happen. Since this government is all about PR and not about delivering service to the community. Peace.

Opinion: After today’s speech seems like Odinga is the unofficial PM!

“We have a big workforce in our country and most of them are youthful and looking for jobs. This is why we in NASA are in agreement with Jubilee in matters of job creation, universal healthcare, poverty and food security” – Raila Odinga (01.05.2018).

Today’s speech by the National Super Alliance leader Raila Odinga in Nakuru is unequivocal a sign of loyalty to Jubilee. This is happening now close to two months after the handshake with President Uhuru Kenyatta. What striking today, is his tokens, his resignation of fighting spirit and his direct vision within the government. That meaning, he is practically not an opposition figure, but a stooge inside the Jubilee. Just like the Thirdway Alliance did before the 26^th October 2017. Therefore, the is no difference. Only that the words of Odinga matter a bit more than the words of Dr. Ekuru Aukot.

Because today, the National Resistance Movement of Kenya (NRMKe) was dissolved, the whole boycott of government sponsored products and companies, which has been connected to the direct government works. Companies that worked directly during the elections in 2017 and was partly responsible for the rigging and the electoral malpractice, which occurred. So now, its official done. But that has sort-of-died down months ago anyway. It was serious when first unleashed, but a month or two in, the reality wasn’t changing enough. The NASA knew this and their People’s Assemblies has also been dissolved. Before they we’re even built or even became official shadow organizations to the Local Government structures.

Odinga, is really the unofficial Prime Minister, the Republic is a mixed Republic and not a Presidential Republic. However, that is not officially yet, but his actions speaks like it. Especially, with his support of the Big 4 Agenda of Kenyatta. It is like a sign of loyalty to the causes of the Government. That isn’t a sign of an opposition leader. That seal is broken, therefore, Orengo should resign, the ODM shouldn’t be seen as the biggest opposition party, but a direct partner with Jubilee in a coalition. If Odinga supports and works for the agenda of Kenyatta, he is practically part of the Kenyatta paradigm. Even if he says otherwise. He still is, the words and actions shows it.

Odinga is practically the third on the food-chain. The third force in the Jubilee government, if he speaks like this. Odinga should be sworn-in again and get an official title. You can fool people once, maybe twice, but sorry brother, not the third time. Maybe Aukot should start the Fourthway Alliance to get some relevance, because the Third Way right now is Odinga. After Kenyatta and Ruto.

Its time to stop nonsense from this man, the time of opposition is over. Someone else is the real opposition. Someone else is fighting the indifference, the lack of governance and the deteriorating levels of poverty, that so many are feeling day-to-day. Therefore, they were willing to fight and join Odinga during 2017, because his message was different then of Jubilee. Now he sounds and acts like them. Its a betrayal of Canaan, but was already sealed with the handshake in March 2018.

So Kenyatta, do your thing, give the man his office and portifolio. He is your man now. Odinga will not fight you, he is tired and hungry. It is time you feed him and patch his hurt. Let him become PM again, because that is all he wants. Peace.

Opinion: Kenyatta’s bargain is Odinga’s loss, hence, the silence!

The Agreement and Handshake for “Building Bridges to a new Kenyan Nation” on the 9^th March 2018. That after months of stalemate and long time heard the Jubilee Party and the two head honchos President Uhuru Kenyatta and Deputy President William Ruto. Both saying there was no need for dialogue with National Super Alliance nor their leader Raila Odinga. However, that suddenly changed and happen beneath the surface. This happen as the fractions in between NASA was shown, when the other NASA Co-Principals didn’t show-up at the Swearing-in on the 30^th January 2018. Therefore, the Orange Democratic Movement (ODM) and Odinga Camp did what they could salvage the hurt. Even if that meant leaving Canaan all behind. That has been proven lately.

Canaan and real political change isn’t surfacing, the Jubilee, Kenyatta and Ruto got Odinga for a bargain. They got him for a silver coin and securing the opposition elite again. They revoked the harsh treatment for most of them, but they are still showing contempt of courts. Kenyatta has shown that since the handshake, that it doesn’t really matter. Odinga is still a fringe player, he thinks he is important, but surely the scenes on Jomo Kenyatta International Airport in the recent days. Shows that him and the whole legal team of NASA is a charade. The Court Orders are meaningless, the Rule of Law is at injunction and the thwarted legal prescience is now the order of the day.

The political warfare is still there and vacuum isn’t sealed, as well as the PR stunts of the President is continuing. Just like he is a Cambridge Analytica and Harris Media made figurine, while praising the cartels and borrowing money to extend the business and partnership. Kenyatta doesn’t care, he has the army and the police, he can interfere in everyone’s life. Kenyatta can gazette and make differences that is needed. He don’t really need Odinga and with the handshake, he has the legitimacy now, because Odinga traded his cards.

Canaan is now gone, the whole dismantling the rigging machine, the whole electoral thieving and looting of Jubilee is now co-existing with NASA. Them both have traded away the current day-to-day struggles for a political bargain-chip. The Kenyan citizens has been fooled, the ones hoping for changes has been taken for granted. The ones who hoped for someone challenging and questioning the powers to be. Has now gone into the deal and handshake. Odinga and his bedfellows will all follow. Because it matters for today and tomorrow. They will not now scream “fire”, even if there is smoke. They will the flare appear and hope they are not inflicted. The pains are only hitting the lower classes, the ones whose voices are misused in elections, but left behind in the years after. Just like it has been forever and seemingly moves on.

Kenyatta, has no need of transformation or changes, he just needs the bills to be paid, the cartels to be sufficiently taken care of and the cronies in the court feed. It is still their time to eat and build bigger companies on the poverty of the nation. While having donors and others supplying fresh fiscal power and lending state loans at favorable rates. As long as the possible industry, export and the infrastructure projects can establish more loopholes to get wealth out off. This is going-on and now Odinga cannot be outspoken. That is why he is so silent on the Miguna Miguna scandal. Because he cannot say he sees “fire”, because the flare is only a lie to Kenyatta. Odinga is now indebted into Jubilee government and the National Assembly, which they rigged themselves into.

It is a house of cards, it was a risk, but the fruits are not there. It is just days ago there was hope for some. But all along, Kenyatta knew he got a bargain. The silence of Odinga proves it. The lack of real action or even push, shows it. The humiliation on JKIA proves it too. Orengo, Havi and the whole team couldn’t do anything. The orders from above courted Miguna out. They kicked him again. While the Co-Principals and the leadership has their Security Teams and their SUVs. Hope it taste good, eating, while the state is still sanctioning impunity. If you trespass on the values of greed of the State House. Expect the nuclear strikes, the vanishing powers and the extra-judicial killings will appear. They have never fled, as well as the PR Stunts of greeting on Golf-Courses and standing by Police Officers. Clearly, Kenyatta are acting as President, but he is not respecting rule of law. Not that he has too, nobody will questioning him now, that matters. Odinga is silenced, he has traded his message and his campaigns of Canaan for a few pieces of silver. That is shown and evident.

The fate of the weak, the poor and the ones that doesn’t matter, is not just left into oblivion. Not like Kenyatta needed their votes, he had electoral malpractice and the IEBC rigging in his favor. Needed does he need the people, they are not the ones paying his bills. That is foreign investors and money lenders. That is why he acts like he does. All fronts and no play.

The handshake was the same, a PR Stunt in favor of Kenyatta. While Odinga might looked like outfoxed the other Co-Principals in NASA. But they are fallen prey to conning political mischief to wise-guys within Jubilee. They all played the NASA head honcho Odinga, but we can wonder if he wanted to be played. That is unknown at this point, but what we do know. Is that NASA lost with this and cannot win now. Their chips has been used and their power-play is gone. Peace.