Here is his tweet




You know, I don't know what people swallow when they go into statehouse. Sijui kama ni ujinga or just deciding to screw everyone

According that tweet, interest rates going up is a super duper fantastic thing to Kenyans.

Which economic paper is being quoted that when your mortgage repayment goes up by 50% things are just fantastic?

The only thing that this fellow forgets to tell you is that interest rates in the USA are NOT 20%. In fact that number has only been seen once in the life of the country. In 1980.

So now the lie shall be. Kenyans are doing very well since interest rates are going up. And even higher than the whole world.


Itumbi, just stop spewing nonsense and get serious.

The only reason a government would need to raise interest rates is when inflation is out of control in order to protect the consumer from escalating prices of goods and services. Demand goes down and so does the prices. The other side of the coin is of course it discourages borrowing and therefore lowers the economic growth.

High rates will also encourage more foreign investors, meaning more dollars, therefore The KES gains strength. A strong KES is good news for importers. A govt must maintain the perfect balance by playing around with interest rates.

Economics 101.

p.s I can't see the tweet so my comment is generalized around interest rates.

Now can you tell us something about the eating in government. how does it encourage investors and reduce inflation. I await your analysis

^^^Enyewe gava iko na shida, the bugger is ready that stuff in such a shaddy manner. The best is that tourists visa will cost us 100 ........