“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.
“DCI DETECTIVES arrest Boniface Mwangi in Nairobi; police accuse activist of organising a revolution against the Jubilee government” (Nation Breaking News, 06.05.2019).
I didn’t know this, Boniface Mwangi might do a lot of things, he might ask a lot of questions and asks a lot of the authorities. He even tries to get people involved in their civic duties and their rights. He might even be brash about it, direct and say it like it is. Sometimes, people have wondered if he has done this as his hustle. However, he seems like a fighter, not for publicity, but for the causes. Even if he has no direct movement behind him or built around him. Which is weird, in the sense, that a man who is a direct threat to the state, doesn’t have a massive grassroots’ organization to beat the system with.
That is why this day is amazing, as he is charged with organizing a revolution. This is not a joke, this is a serious charge, which the Chief Inspector of Police George Muchiri have charged him with and arrested him for today. Therefore, his own livelihood and life as an activist is on hold. They are claiming he wanted to start a revolution that might cause a civil unrest against the Jubilee government.
This is really bloody brilliant, at the time of the Handshake with the fellow “opposition” parties, which has organized the biggest demonstrations to date of late. The ones whose has the OKOA demos and the other rallies Post Fresh Presidential Elections. Still, the ones organizing them is walking free and about, even assigned public official posts. While, Mwangi has just lingered on the internet and also had speech assignments elsewhere. Even taken a recent trip to Zimbabwe, but not caused havoc.
Why are they doing it now? His articles and speaking engagements has been known for long. His Ukweli Party is known and his Pawa254. Still, none of them is powerful or strong. If a man wants to fight corruption and demonstrate against it is a crime. Then, the President and his cronies should watch out, as they are supposed to have a life-style audit and a war-on-corruption. Alas, that is not happening, because we know they will not fight themselves.
What is unique is arresting the on a likelihood of a possible protest or demonstrations, which will cause civic unrest. If someone should be punished for that in rest memory is Raila Odinga and his CORD/NASA who has really sparked civic unrest in the Republic. Alas, his not an activist, but a high ranking official and a man of grace. Therefore, he will not be touched.
Now, three hours after the news was breaking, there now footage of his release from the Central Police Station. As this news was trending, because it is ridiculous to arrest someone, on a charge on something they haven’t committed or done. They are doing it on the basis, that he might spark civil unrest, but the Police by doing this pre-emptive arrests might clinch in the fire to actually pull-it off. Therefore, this what it is called to say, that something might back-fire.
In this case, this shows what sort of legal society, the Kenyan Republic is at this moment. They are suspecting people of actively engaging in activity to topple the government by a revolution. If the authorities or the regime itself isn’t afraid of the public and their opinion. They wouldn’t arrest someone on this lousy goosy basis as it did today. Because, this is just reckless. The hours of arrest and possible intimidation isn’t a winning tactic. Instead of asking the man, why he does what he does, they put him behind bars. That is just mere insult and another injury to someone whose just trying to do his civic duty. To ask the powers to be, that they can be transparent, just and honest. Which they are not, since they are arresting someone, someone they apparently suggest that he has the amplifier to start a revolution. That is really something else.
How blatant and weak is the government, when they arrest someone on suspicions like this? How idiotic and how much do they disregard the civic duty of all citizens, to ensure the checks and balances of government?
Well, this is just stupid and shows how little faith the Jubilee government has in its population. When even a mere activist can be taken into custody without producing evidence nor justifiable means for his arrest. They might be able to trace his TED talks and talks of demonstrations against the mere scale of grand corruption. But don’t anticipate that to spark a revolution, than John Githongo should have been able a long time ago on the same matter. Peace.