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Is this where Kenya is headed ?
Rank: Veteran Joined: 4/27/2010 Posts: 951 Location: Nyumbani
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http://www.nation.co.ke/.../-/7kh42gz/-/index.html
I read this article and could not help but wonder is that where we are heading ?
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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Sounds like an excerpt from the 'Confessions of an economic hitman'
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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lochaes wrote:Sounds like an excerpt from the 'Confessions of an economic hitman' Indeed, I wish we'd spend more money on income generating ventures. Thika rd gobbled up +27B yet we cannot say how much that road is bringing into the economy. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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murchr wrote:lochaes wrote:Sounds like an excerpt from the 'Confessions of an economic hitman' Indeed, I wish we'd spend more money on income generating ventures. Thika rd gobbled up +27B yet we cannot say how much that road is bringing into the economy. @murchr Thika road was discussed in this forum kwa mapana na marefu. Just search for it. You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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XSK wrote:murchr wrote:lochaes wrote:Sounds like an excerpt from the 'Confessions of an economic hitman' Indeed, I wish we'd spend more money on income generating ventures. Thika rd gobbled up +27B yet we cannot say how much that road is bringing into the economy. @murchr Thika road was discussed in this forum kwa mapana na marefu. Just search for it. I know, i did contribute and yes I was thinking aloud "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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debt = slavery and that's the route we are headed. Somehow the bureaucrats think the oil will fill the budget black hole they're creating.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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An unfortunate picture. And with revenues ever dwindling (tourism etc), if oil doesn't sort us out... 
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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keeping our savings in dollars will be a good idea, amvipi?
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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Kenya is headed to a place much worse.. Atleast the Ghanains dont hate each other as a people
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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Are these the same people who were celebrating Mutua's development agenda crying 'Mutua for President' and 'PK for running mate'? Or is it the other way round?
Ok, let's wait for newspaper reports and analyses to wake up. Lol, someone is even saying we should have savings in dollars! We need more dollars to pay our debts and get imports.
The water is boiling and the poor frog has no clue.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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tycho wrote:Are these the same people who were celebrating Mutua's development agenda crying 'Mutua for President' and 'PK for running mate'? Or is it the other way round?
Ok, let's wait for newspaper reports and analyses to wake up. Lol, someone is even saying we should have savings in dollars! We need more dollars to pay our debts and get imports.
The water is boiling and the poor frog has no clue. Your biggest problem is that you never have any ideas just critism. Mutuas projects are making money go look at the numbers. Our biggest problem is most of the money made is used up to pay salaries and allowances, consultants and ghost projects etc. Look at the irrigation project started last year, several billions were spent on it yet we're about to face another drought. We need more income generating ventures. Kenyans are very poor implementors "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 7/17/2011 Posts: 627 Location: Mbui-Nzau, Kikumbulyu
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He is a well known hired and paid-for ..pen assasin his views and a series of shots are a well arranged series of apathy situationships descriptions aimed at illustrating hopelessness that is cultivated to apease...a given tribal god's followers to keep faith as they wait for his messianic rule..and also to those who think the political conman's rulership will be the magic silver bullet that will kill all ills in Kenya...how sickening
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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To some, the glass is always half empty, while to others its half full. Life is short. Live passionately.
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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lochaes wrote:Sounds like an excerpt from the 'Confessions of an economic hitman' Ghana's major problem was increasing in recurrent expenditure which was funded by borrowings. Kenya's borrowing on the other hand is to fund infrastructure projects which we need for economic growth The article focuses a lot more on numbers than percentages presumably for maximum effect, but any self respecting economic analyst should understand that percentages give the real "health" or otherwise of an economy. If you don't want to go to plan B have a good plan A.
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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murchr wrote:tycho wrote:Are these the same people who were celebrating Mutua's development agenda crying 'Mutua for President' and 'PK for running mate'? Or is it the other way round?
Ok, let's wait for newspaper reports and analyses to wake up. Lol, someone is even saying we should have savings in dollars! We need more dollars to pay our debts and get imports.
The water is boiling and the poor frog has no clue. Your biggest problem is that you never have any ideas just critism. Mutuas projects are making money go look at the numbers. Our biggest problem is most of the money made is used up to pay salaries and allowances, consultants and ghost projects etc. Look at the irrigation project started last year, several billions were spent on it yet we're about to face another drought. We need more income generating ventures. Kenyans are very poor implementors How do you know I have no ideas, and just have criticism? But still, do you have any ideas then? Minus criticism? Hahahaha!
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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wanyee wrote:He is a well known hired and paid-for ..pen assasin his views and a series of shots are a well arranged series of apathy situationships descriptions aimed at illustrating hopelessness that is cultivated to apease...a given tribal god's followers to keep faith as they wait for his messianic rule..and also to those who think the political conman's rulership will be the magic silver bullet that will kill all ills in Kenya...how sickening Hahahaha! Create a straw man to cover for your ineptitude.
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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Mucene wrote:lochaes wrote:Sounds like an excerpt from the 'Confessions of an economic hitman' Ghana's major problem was increasing in recurrent expenditure which was funded by borrowings. Kenya's borrowing on the other hand is to fund infrastructure projects which we need for economic growth The article focuses a lot more on numbers than percentages presumably for maximum effect, but any self respecting economic analyst should understand that percentages give the real "health" or otherwise of an economy. Kweli this is Africa.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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I am no guru but i think we are slightly better off since in our borrowing, a good percentage goes to development expenditure e.g. railway, energy, irrigation etc. if the projects are implemented well ie as per plan then they will support the payment of the loans. Let us think positive and act positive! If gava fails, it is not jubilee to be hurt but poor souls along the line ..... me included! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:I am no guru but i think we are slightly better off since in our borrowing, a good percentage goes to development expenditure e.g. railway, energy, irrigation etc. if the projects are implemented well ie as per plan then they will support the payment of the loans.
Let us think positive and act positive! If gava fails, it is not jubilee to be hurt but poor souls along the line ..... me included! BuT why should they fail then I suffer for it...there is no room for failures in this world. possunt quia posse videntur
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Argh kumbe its that Ndii fellow? The same guy who trashed the SGR as our neighbours zoom past with theirs? Ignore button pap! TULIA.........UFUNZWE!
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Is this where Kenya is headed ?
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