MinBane

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Archive for the tag “RC”

KMPDU: Statement on the Death of Dr. Hamisi Juma in Cuba (18.03.2019)

Jubilee signed off the KPA assets if they default on the loans to China Exim Bank!

The Office of Auditor General letter to Kenyan Ports Authority on the 16th November 2018 has said something striking, but nevertheless something I anticipated, because they stated a fact that everyone should recognize. That the Chinese is not giving toll-free loans without any collateral. In this instance is the loans for the Standard Gauge Railway, which have been a massive White Elephant and is just a doomed project from the get-go. Unless, the Jubilee are able to grow money on trees.

However, the letter from F.T. Kimani to the Ports Authority states that: “The payment arrangement agreement substantively means that the Authority’s revenue would be used to pay the Government of Kenya’s debt to China Exim bank if the minimum volumes required for consignment are not meet as per schedule one. The China Exim bank would become a principle in over KPA if KRC defaults in its obligations and China Exim bank exercise power over the escrow account security. The KPA assets are exposed since the Authority signed the agreement where it has been referred to as a borrower under clause 17.5 any proceeding against its assets by the lender would not be protected by sovereign immunity since the government waived the immunity on the Kenya Ports Assets by signing the agreement. The agreements is biased since any non-performance or dispute with the China Exim bank (the lender) would be referred to arbitration in China, whose fairness is resolving the disagreement may not be guaranteed. The authority did not disclose these guarantee in the financial statement” (Kimani, 16.11.2018).

If you read it, what it states is very clear, if the growing debt to China is not paid on time and defaulted, it means that the Port Authority has to give away its assets or collateral to the China Exim bank, as it is stated in its agreement. This is similar affairs happen in Sri Lanka and now is viable in Kenya. As the Mombasa Port might become an asset for the Belt Road of China to earn back their borrowed funds.

They Government of Kenya, should be worried about when signing the loans from China Exim bank, but they wanted the glory of the giant infrastructure project. Not the fiscal or financial responsibilities, if not the consequences of not paying back the funds. The Chinese has clearly safeguarded the investment with the fine print. Stating the assets of the Port Authority and by this. Securing a vital and important port in East Africa. As they got a nice piece, if the Jubilee starts defaulting or if the next President fails to live up to responsibility that Kenyatta made for him.

That the Kenyans should be worried, because the Chinese is not forgiving, when concerning their money. That is known, the public should know and should anticipate this. As this is a forewarning to the possible aftermath. That has been seen elsewhere and might come to shores close to you. Peace.

Opinion: Odinga explanation of his role doesn’t make sense!

The Building Bridges, the Handshake is really a proof of someone trying to be opposition, but acting as government after all. The Jubilee Government got a lot out of the handshake and that has proven all year round. As the Opposition has no say or no voice. Apparently there are reasons for that and President Uhuru Kenyatta must known he did the best bargain ever. He has nearly no issues, no official opposition as they are co-operating. They are trying to get their cut for working with the government.

That is how it looks like and smells like, that is why these answers are proving that in way, because the denial is there too. Look for yourself.

Raila Odinga answers to an interview:

Power is in government and it is wielded by those who hold the instruments of power such as the president, his deputy and ministers. I am not in government. We are out here as opposition and want to see that the government does the right thing for the people; that is our role as the opposition” (…) “Most people are still stuck in the parliamentary system. In a presidential system like ours, opposition does not have to be adversarial. We now critique quietly. What would be the need of shouting when I can get audience with the right person? We have also set up a joint task force to deal with issues we feel are of concern to us. It would be foolhardy to again begin hitting the same government” (Sunday Nation Reporter – ‘Raila speaks on ‘handshake’ deal and state of Opposition’ 16.12.2018).

What is mind-boggling is that a career and second generation politician are trying to cover up for the co-operation deal, that partly makes him part of the government, even if there is no official position. Because, of that the “Opposition” will not Challenge or Question the Government in public, but behind closed doors. Like if their was alliance or coalition. This is like a non-official “Government of National Unity”, which has been elsewhere.

This government has just made a Building Bridges Task Force. Also when saying that the “opposition” doesn’t have to be adversarial or being vocal against the government. That is maybe why the Orange Democratic Movement (ODM) and its leadership is super-friendly, close as kin these days. The ODM and Odinga are there in the limelight. They getting awards, they are getting appointed to government boards and medals.

That is maybe why, Odinga is not interested in kicking and screaming, why he is not calling out the Jubilee for their grand corruption or their scandals. The new Odinga is in peace with the President and could look like mates from college. However, they are former adversaries, who now are working closely. That is positive in itself, but at the same time. This is making sure the government got a free slide for this term. As the government has no opposition that matters or challenge them in Parliament or in General. They are an elite, where everyone gets along.

I have a hard to combining this: ‘Calling yourself opposition, but not calling out the government’. I have a hard time, seeing Odinga and the ODM as opposition, as they practically the long arm of the government.

So if your not in the government, why are your doing back-room deals and negotiations as part of the Building Bridges Initiative. Peace.

DPP Press Statement on the Application to Bar State Officers Charged with Corruption from remaining in Office pending determination of their cases (04.12.2018)

DP Ruto’s Hustlers Ambition is revealed!

It’s the Hustler’s Ambition, close your eyes, listen see my vision

Mossberg pumping, shotgun dumping

The drama means nothing, it’s part of the game

Catch me in the coupe switching lanes or in the jeweler switching chains” – 50 Cent on ‘Hustlers Ambition’ (Get Rich or Die Tryin’ O.S.T. – 11.10.2005).

Yesterday in a Speech the Deputy President William Ruto came out of his shell, proving his ambition to retain power in the next election. He will not be a back-burner to Gideon Moi or anyone else pushing for their ambition to takeover after Uhuru Kenyatta. Ruto thinks it is his. For someone, always telling people not to be politicking and work for development. Which I always found foolish from a politician to say.

Ruto are now coming out with his Hustlers Ambition, he wants to be the king and not his sidekick. The DP are saying that he eyes the throne. Therefore, he is not just planning to build more of his empire. The empire owning media houses, real estate and businesses. That is what the DP has done in power, while the state is getting more indebted and more corrupt. This has clearly been beneficial for the DP and the cronies for the Jubilee Party. Therefore, certainly the DP want to be running the gravy train as the Hustler. Which he is known for, that is why he has built his fancy paradise village with the vast fortunes he has created. That is why he wants to continue in the upper echelon. Because, he knows he will not step down.

As he said himself, yesterday:

I will run over whoever will stand on my way” (…) “If you try to stop the government’s work, I will deal with you. Jubilee’s priority is construction of roads, ensuring electricity connection, among others. Other things will follow at the right time” – Deputy President William Ruto (Justus Wanga – ‘I’ll run over anyone in my way, warns William Ruto’ 02.12.2018, link: https://www.nation.co.ke/news/politics/I-ll-run-over-anyone-in-my-way–warns-William-Ruto/1064-4877568-xaorjtz/index.html

We know see that he eyes the throne. He wants to be the man, the one people look-up too and be the one that people see as significant. Not the one that is in the second in command. Which he apparently is, but cannot accept. He is the second in command, not the first. DP is the DP, he is not His Excellency President. It is hard to be the second fiddle for so long and in this second term of the President. He has to prove even more, as he wants to step up and takeover from Uhuru. However, it is not everyone who looks up to Ruto, as they know the shady record of him.

The Deputy is a deputy for a reason, he was needed to form an alliance and have a bigger audience, as they forged a partnership. This has not been without cost… Now he has to prove himself and tell that he will not stop his way. That he will run the show and become the next in line. Peace.

Press Statement by H.E. Raila Odinga: MPs’ Pay Demand Amounts to Grand Larceny and Impunity (02.12.2018)

Kenya: MPs Greed is now on Overload!

The world has enough for everyone’s need, but not enough for everyone’s greed.” Mahatma Gandhi

We know something is seriously wrong when the Members of Parliaments are wishing more money, as the Jubilee government have already promised more austerity months away. Not only the raising rate of corruption that was between 2013 to June 2018 had grown by 240%. So the MPs knows this and the misuse of the state reserves. While the growing debt in the same era is happening. Even in the same year, as the IMF has told the Government of Kenya to stop spending. The MPs are planning to grow the spending on themselves and their families. As they are not bitten by austerity, the budget deficit or growth of debt. That shows their ignorance of the economy, which they as MPs are supposed to have oversight over.

Here is the news:

All 416 Members of Parliament, Speakers of both houses and the leaders of majority in both chambers will each be provided with a rent-free house, a government vehicle, an expanded medical cover, travel allowances and an expanded constituency outreach operation, if a new Bill becomes law” (…) “Proposals for better terms for legislators — already among the best-paid in the world with a Sh1.2 million salary — are contained in the Parliamentary Service Bill that is set for debate in the National Assembly tomorrow afternoon” (Mwere, 2018).

It is hard to take these men serious, as they have already a giant salary in the Republic. Especially when they are earning 1,2 million salary. While that isn’t enough for the MPs in a country where half of the Republic’s households are earning less than 10,000 shillings per month. That was reported after a survey published in Standard Media in April 2018. Meaning, these households, which is half of the Republic are earning less than 120,000 shillings per year. That without any benefits or other financial support. Therefore, the MPs are far away from the plights of the ordinary man and the ones struggling.

It is clearly not enough, that the IMF, the added taxes and the strains on the economy, in a republic where people are already earning under a tenth of their representatives. You shouldn’t become a businessman or a hustler. You should become a politician in Kenya. As there is where the money is. These people are eating of the dying carcass, of a failing economy, where people are earning little to nothing. Instead of fixing that economy and ensuring people decent wages, they are complaining while they are gaining more wealth. That is what is insane by this.

That the MPs are wishing more services covered, while they have GIANT salaries that the people of the slums only can dream of. That the Shamba Boys of Up-Country never will be able to touch and feel in their life-time. No, these MPs are forgetting their constituents as they are willing to live even more lavish as the economy have been trashed by them. That is their greed. Peace.

Reference:

David Mwere – ‘MPs push for rent-free houses, bigger tea pots, better bar, five-star chefs’ 19.11.2018 link: https://www.nation.co.ke/news/MPs-push-for-better-terms-of-service-in-new-Bill/1056-4858078-20r4fu/index.html

Kenya: National Transport and Safety Authority – Deregistration of PSV Operator Licenses (17.09.2018)

President Kenyatta promise more austerity measures!

The Kenyan President Uhuru Kenyatta have today pushed for a lower VAT on Petroleum, not showing why it gets cuts in half, but still will charge the public more in taxes. While state is promising more cuts in all arms of government. This from a government that has borrowed more spent more and been more corrupt, than any other I can think off. The Jubilee government have a ten-fold of corruption scandals since its inception. Therefore, if the government would clear its yearly shortfall quickly, the embezzlement, frauds and tender scandals has to stop. Also, the open looting by the high-ranking officials and their cronies, which for some reasons skates by, while the funds are running short. That why it is further insult to injury of the public, that the Wealthy President and his rich cronies are asking for a sacrifice. How could he?

Here is his statement:

“Fellow Kenyans, I have spent the last few days listening to a wide cross-section of views. It is clear that you are all troubled by the effect of the rise in the prices of petroleum products, and its impact on the cost of living. I have heard and understood your concerns, which is why I have proposed, as part of my memorandum, to cut VAT on petroleum products by 50% — from 16% to 8%. Should Parliament accept this proposal, the price of super petrol will drop from KSh 127 to about KSh 118, and the price of diesel will drop from KSh 115 to about KSh 107. Just as business owners took the new VAT rate as an opportunity to increase the cost of goods and services, I expect them not to take advantage of weary citizens, and to lower their prices commensurately and without delay. But we still face a financing gap. This measure will not suffice to balance our budget, as required by law. Therefore I have also proposed wide-ranging cuts in spending as well as austerity measures across all arms of government. The cuts target less essential spending, such as hospitality, foreign and domestic travel, training and seminars, and similar categories. These budget cuts ask of us in government that we tighten our belts. It also ensures that the sacrifices made by tax-compliant Kenyans are matched by discipline from all of us in the public service” (Uhuru Kenyatta – ‘STATEMENT BY HE THE PRESIDENT OF THE REPUBLIC OF KENYA AND COMMANDER-IN-CHIEF OF THE DEFENCE FORCES, UHURU KENYATTA C.G.H., ON FINANCE BILL 2018/2019 ON 14TH SEPTEMBER, 2018’ (14.09.2018).

This here shows how he thinks and manoeuvre, instead of thinking directly how the elites, the cronies and the central leadership to pay for the shortfall, the added debt and growing corruption will cost the public and not them. The austerity and the lack of service providing, even salaries and lack of needed services will come with time. As the defaulting debt and the restructuring that is programmed through the IMF will hurt the communities.

Kenyatta knows this, but trying to deflect and finds ways to smoothing the hurt, but not initially changing the paradigm. The reality is that the state are struggling financially, have over-borrowed and secured massive debts, it now has to pay with interests, while also swiftly embezzled funds to the high-ranking elites, which are not paying for the short-fall, but the tab is put on the public instead. That is the insane reality and the swindle of the century.

There are usually two sides to ever story, and two side to every coin, but the man who has both created it the issue, are now trying to find ways to billing the debt on the public, without taking direct responsibility or going after the ones who created this in the first place. They are off the hook and off the books. While the public will be left with the costly back-payment and figuring out to pay it back. Day-by-day. Peace.

Kenya: DPP’s Press Statement on Investigations into the Allegations of Misappropriation of Public Funds through Mismanagement of Fuel Consumption (31.08.2018)

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