“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.
“A new Kenya is signaling. You will see things happening. We are only waiting for members of the Building Bridges Initiative (BBI) and then President Uhuru Kenyatta and myself will give direction on the impending referendum” – Raila Odinga on the 11th May 2019
Well, you can do a trick once, but not do it twice and get away with it. Especially if it is a rouse. In this manner, the Opposition Leader turned unofficial Prime Minister Raila Odinga have overstepped his boundaries. He is now promising Canaan reloaded, Canaan 2.0 or whatever version you will call it and label it the “New Kenya”, like the promises of late, where he would people to Canaan. This cannot go now.
The leader is besieged and he cannot win, that because he sworn himself in as the Second President after the Fresh Presidential Elections in 2017 and since then sold himself on the alter of the Building Bridges Initiative, where he is securing himself and his party, but not the pledges of getting people to Canaan. Unless, your the elite and the cartels supporting Jubilee, than your saved from the hurdles of life and even Huduma Namba.
The rest awaiting in oblivion and not seeing hope, that is why even activists getting detained and people are getting killed without any concern. The government continues and moves on, they are appointing cronies to state owned corporations and boards like there is no tomorrow. They are busy eating, while the public is starving.
Therefore, it is rich that Odinga now promises a “New Kenya”, when he promised a Canaan for so long. Surely, he went to greener pastures and left the Republic behind. Left the victims of his resistance and his acts against the government, until the famous handshake. A handshake that secured his future and his party future, but not the public. That is why he has to give another rouse.
He has to offer something new to blind the masses and hope that people get caught into it. There will be now “New Kenya” like there was no Canaan. Except if you are one of the ones who has gotten ill-gotten wealth during the time of Jubilee.
The will be roads made of gold, there will be no golden age and not serviceable government, the elite and the politicians are busy finding ways to eat, not to treat or even ensure the citizens are taken care off. Because their first job is to get taken care off themselves. This is shown, again and again.
Odinga is just one of them and shown it with force this time. You cannot pull a rabbit out of the hat twice, sooner or later the trick will be revealed and how you hidden the animal. That is now obvious and there is no way out for ODM leader. Peace.
“I don’t think it is the duty of the President to fire anybody, this was a State of the Nation Address for him to say what in his view the nation was doing, and I think in that regard he did very well in highlighting key issues affecting the lives of Kenyans” – Raila Odinga’s Defense of President Uhuru Kenyatta’s State of the Nation Address (04.04.2019).
Well, the Building Bridges Initiative and the Handshake between ODM Leader Raila Odinga and President Uhuru Kenyatta is surely paying off. As all the ones in the Opposition are highlighting things like they were state officials. If they were Musalia Mudavadi, Stephen Kalonzo Musyoka or Raila Odinga himself. They were all loyal subjects of the Republic.
Especially, showing this today… was the former Presidential Candidate, the NASA Leader and former CORD leader too. He was on fire defending Kenyatta and his administration. In a manner, that only Murkomen cannot do it better. Today, he could have switched parties and become a Jubilee syncopate. There would be no different really.
What Odinga said today and what his peers did too. Shows that the ODM and the rest of the Opposition are an obvious elite, whose has interests in the state and eating themselves. They are not interested in the Kenyan people or their plights. That they are only interested in and invested in during elections, but the rest of the time. They want to be connected to the good graces of the State House. So, they can eat as well.
Odinga could have been any minister in the Jubilee Cabinet today. Any sort of Cabinet Secretary or a Prime Minister in coalition government, because, he is directly supporting the President with no effort. In a manner, that is unnatural and obliviously showing his intention.
The Handshake has offered him a role and his now playing it out. The ODM leader is clearly seeking favours and showing loyalty. Instead of being genuine and sincere. Because, this is the busy eating politician. Nothing else really. It is his turn to eat again. He has made himself an office on the cost of the handshake and is now showing a token of appreciation of it.
If, you believe the NASA is a reliable opposition. Today, they have shown their true face. Some has turned before, like Kalonzo and I said by the Handshake, that Canaan had ended. Because, Odinga came to Canaan. However, the public did not. Just the hungry elite, eating of the plate of everyone else. Peace.