Wazua
»
Club SK
»
Politics
»
Yaani Eurobond billions are finished?
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
We need to get to the bottom of this eurobond thing. What was the money spent on? Where are the projects - roads etc? FYI Thika super highway cost 30 billion. For once I support baba's view. We ,the tax payers, need answers. Quote:Treasury CS Henry Rotich has invited Cord leader Raila Odinga to avail himself on Friday to get information on the allegations of a Sh100 billion Eurobond fund went missing.
In a statement on Tuesday, Rotich said that Eurobond fund was used in accordance to the law and there were no under-hand dealings.
"We have stated before, and reiterate that the proceeds from the Eurobond were applied prudently, productively and lawfully."
Rotich said that all documents are available for public scrutiny and questioning. - See more at: http://www.the-star.co.k...te#sthash.ItmBEqBg.dpuf
Quote:Treasury Cabinet Secretary Henry Rotich said yesterday Sh196.9 billion was used to finance infrastructural projects and Sh52.3 billion to pay a syndicated loan. - See more at: http://www.the-star.co.k...nt#sthash.mtAdLXBs.dpuf
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
Well done baba  : Quote:The Cord leader said they have dispatched letters to all local and foreign institutions that were involved in the Eurobond saga, demanding "very specific answers".
"The answers we are seeking on each of these institutions are clearly spelt out in the letters to each of them, but we will mention them in brief here," he said.
The letters were sent to:
1. Henry Rotich, the Cabinet Secretary, National Treasury
2. Kamau Thugge, Principal Secretary, National Treasury
3. Barclays Bank PLC; London, United Kingdom
4. JP Morgan Securities, London, United Kingdom
5. QNB Capital LLC, Doha, Qatar
6. Standard Bank PLC, London, United Kingdom.
The public has a right to proper accounting for all loans, Raila said, adding: "Our children will be paying for this commercial debt and the thought that parts of it may have been stolen is too outrageous to contemplate". - See more at: http://www.the-star.co.k...ash#sthash.77SSGZY3.dpuf
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Let's see what the treasury will say on Friday.... possunt quia posse videntur
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,937
|
I thought you borrow money because you don't have and you need it. That is exactly what treasury did; borrowed & used. You don't borrow to save!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Member Joined: 2/24/2010 Posts: 637 Location: Nairobi
|
Angelica _ann wrote:I thought you borrow money because you don't have and you need it. That is exactly what treasury did; borrowed & used. You don't borrow to save!!! The question is "to which projects was the money applied? The only thing necessary for the triumph of evil is for good men to do nothing.
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 928 Location: sky
|
[quote=hardwood]Well done baba : Quote:The Cord leader said they have dispatched letters to all local and foreign institutions that were involved in the Eurobond saga, demanding "very specific answers".
"The answers we are seeking on each of these institutions are clearly spelt out in the letters to each of them, but we will mention them in brief here," he said.
The letters were sent to:
1. Henry Rotich, the Cabinet Secretary, National Treasury
2. Kamau Thugge, Principal Secretary, National Treasury
3. Barclays Bank PLC; London, United Kingdom
4. JP Morgan Securities, London, United Kingdom
5. QNB Capital LLC, Doha, Qatar
6. Standard Bank PLC, London, United Kingdom.
The public has a right to proper accounting for all loans, Raila said, adding: "Our children will be paying for this commercial debt and the thought that parts of it may have been stolen is too outrageous to contemplate". - See more at: http://www.the-star.co.k...sh#sthash.77SSGZY3.dpuf[/quote] not just our children, we have started through increased tax as from yesterday! There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
keraka wrote:Angelica _ann wrote:I thought you borrow money because you don't have and you need it. That is exactly what treasury did; borrowed & used. You don't borrow to save!!! The question is "to which projects was the money applied? Exactly. We want details of all the projects that were funded by the bond.
|
|
|
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
|
Hii pesa si ya mamako bwana-In Duale's voice! If Obiero did it, Who Am I?
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
|
|
|
Rank: Veteran Joined: 9/21/2011 Posts: 2,032
|
Let's these questions be asked. Although we know the two reasons aliar is bringing up the matter1)he thinks jubilation will have more campaign cash than him 2) to bring down govt. I have no problems with the latter.
|
|
|
Wazua
»
Club SK
»
Politics
»
Yaani Eurobond billions are finished?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|