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Uhuru heads to china
McReggae
#171 Posted : Tuesday, May 13, 2014 11:08:46 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
ecstacy wrote:
masukuma wrote:
McReggae wrote:
Chains from the East....340B to be repaid back with more than 200B!!!!

of course - no one really gives free things. hata your bank! itabidi watu wazoee!


Did the guy even bother to fact check.

We are getting this loan at 2% preferential interest rate and 4% for the commercial interest rate with years of grace period before we start paying and "we" are complaining??? Kazi iendeleee!!!!!


Of cause here we are talking of the total interest once the loan is fully repaid....what are your figures??
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
Tokyo
#172 Posted : Tuesday, May 13, 2014 11:15:35 AM
Rank: Veteran

Joined: 10/9/2006
Posts: 1,502
Uhuru should have consulted Ethiopians. They got a very good deal comparatively.
Another issue is if the railway is meant to connect to Kigali , why not have a deal extending the whole span. ??
construction from opposite directions to shorten the time. Makes sense economically. This thing might stop in Nairobi and end up a white elephant kama gari ya nyayo1.
work to prosper
masukuma
#173 Posted : Tuesday, May 13, 2014 11:26:15 AM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
McReggae wrote:
ecstacy wrote:
masukuma wrote:
McReggae wrote:
Chains from the East....340B to be repaid back with more than 200B!!!!

of course - no one really gives free things. hata your bank! itabidi watu wazoee!


Did the guy even bother to fact check.

We are getting this loan at 2% preferential interest rate and 4% for the commercial interest rate with years of grace period before we start paying and "we" are complaining??? Kazi iendeleee!!!!!


Of cause here we are talking of the total interest once the loan is fully repaid....what are your figures??

yeah! I wonder what our goal is? to live in a debt free society or a developed society (few countries if any have both).


Jengeni reli watoto walipe!!
All Mushrooms are edible! Some Mushroom are only edible ONCE!
ecstacy
#174 Posted : Tuesday, May 13, 2014 11:30:44 AM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
McReggae wrote:
ecstacy wrote:
masukuma wrote:
McReggae wrote:
Chains from the East....340B to be repaid back with more than 200B!!!!

of course - no one really gives free things. hata your bank! itabidi watu wazoee!


Did the guy even bother to fact check.

We are getting this loan at 2% preferential interest rate and 4% for the commercial interest rate with years of grace period before we start paying and "we" are complaining??? Kazi iendeleee!!!!!


Of cause here we are talking of the total interest once the loan is fully repaid....what are your figures??


Should we sit back and fold our arms until the day Kenya is debt free then develop viable infrastructure? If not, suggest where we fund these projects which I don't hear anyone oppose?

As for the agreement itself, 50% (Sh174 billion) of the Sh340 billion financial agreements signed with the Chinese Government on Sunday is a commercial loan attracting an interest rate of 4.4 per cent per annum over a period of 12 years, with five years grace period.

Rest of the financing has a concessional loan element, which carries a fixed interest rate of 2 % per annum over a repayment period of 20 years, with a grace period of seven years.

We are still on the market for the Eurobond issue and going e-procurement and e-payment to cut corruption and waste in government as well as frozen non-urgent and non-important government hiring and salary increase whilst giving KRA higher revenue collection targets.

washiku
#175 Posted : Tuesday, May 13, 2014 12:08:05 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
Tokyo wrote:
Uhuru should have consulted Ethiopians. They got a very good deal comparatively.
Another issue is if the railway is meant to connect to Kigali , why not have a deal extending the whole span. ??
construction from opposite directions to shorten the time. Makes sense economically. This thing might stop in Nairobi and end up a white elephant kama gari ya nyayo1.


As long as it will reach Nairobi, then it wont qualify as a white elephant. There is a lot of business between Mombasa and Nairobi, and that will qualify. The other countries will push for it to go beyond Nairobi for obvious economical interests. To me, I would be worried if there are any indications that it wont get to Nairobi. One step at a time.
poundfoolish
#176 Posted : Tuesday, May 13, 2014 12:20:18 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
So much for 'we are our own masters, captains of our own destinies...'
Madeni shungu Mzima

Of all that loan, did I see more than half going into SGR, which has its open controversies.

But we shall shut up and *wear our helmets in preparation for a barrage of attacks and strong defence to those that will benefit from the deal*

In the meantime, somebody pass me a map of the railway line. I need to know where to buy speculative land.
Tokyo
#177 Posted : Tuesday, May 13, 2014 12:33:56 PM
Rank: Veteran

Joined: 10/9/2006
Posts: 1,502
poundfoolish wrote:
So much for 'we are our own masters, captains of our own destinies...'
Madeni shungu Mzima

Of all that loan, did I see more than half going into SGR, which has its open controversies.

But we shall shut up and *wear our helmets in preparation for a barrage of attacks and strong defence to those that will benefit from the deal*

In the meantime, somebody pass me a map of the railway line. I need to know where to buy speculative land.


Parallel to old one. You might be late if buying land as a speculator.
Try Kampala -Kigali
work to prosper
washiku
#178 Posted : Tuesday, May 13, 2014 12:38:20 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
Some may someone explain how Uhuru is expected to fund the infrastructure projects if not through loans. Through Taxing us more? Are we even taxable any more? We are talking of hundreds of billions, who will be giving us that money for free? The truth is for this country to sustain its growth, it needs to generate income. That income can only be generated if the private sector is given an environment to thrive. That can only be done by investing in energy, security, infrastructure. There is no one day when every one in the country shall agree on the exact mode of raising those funds, or where a certain project should be established, thus may those empowered by the constitution to make such decisions do it, albeit transparently. Even the huge Kibaki projects whose impact was felt throughout the economy were all opposed at first. Didnt we even hear that Thika road was meant to benefit his Othaya constituents?
poundfoolish
#179 Posted : Tuesday, May 13, 2014 1:02:04 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
washiku wrote:
Some may someone explain how Uhuru is expected to fund the infrastructure projects if not through loans. Through Taxing us more? Are we even taxable any more? We are talking of hundreds of billions, who will be giving us that money for free? The truth is for this country to sustain its growth, it needs to generate income. That income can only be generated if the private sector is given an environment to thrive. That can only be done by investing in energy, security, infrastructure. There is no one day when every one in the country shall agree on the exact mode of raising those funds, or where a certain project should be established, thus may those empowered by the constitution to make such decisions do it, albeit transparently. Even the huge Kibaki projects whose impact was felt throughout the economy were all opposed at first. Didnt we even hear that Thika road was meant to benefit his Othaya constituents?


Thika Road...That other bad debt. lol

We have no problem funding infrastructure, but do it for the right programmes, and after sealing all corruption loopholes.
Not with a project already tagged suspect with tenderprenuers ready to eat. Pundits agree its ish ish in it's terms of contribution to the economy.
Not half cooked ideas like Thika Road. Any students of urbanisation and physical planning in the house?

More so if we are going to pay 200% interest while you are retired and a mzee in the village.
poundfoolish
#180 Posted : Tuesday, May 13, 2014 1:10:36 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Tokyo wrote:
poundfoolish wrote:
So much for 'we are our own masters, captains of our own destinies...'
Madeni shungu Mzima

Of all that loan, did I see more than half going into SGR, which has its open controversies.

But we shall shut up and *wear our helmets in preparation for a barrage of attacks and strong defence to those that will benefit from the deal*

In the meantime, somebody pass me a map of the railway line. I need to know where to buy speculative land.


Parallel to old one. You might be late if buying land as a speculator.
Try Kampala -Kigali


The stations' locations then? Overlays with new road networks?
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