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Kenya Economy Watch
Angelica _ann
#1781 Posted : Tuesday, September 11, 2018 7:45:41 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Because at that point, they knew they had tyranny that they would control at a whimper. They didn't anticipate the 'temporary unity and calmness smile ' being experienced in parliament an Kenya? today. You will see soon, the system will be upset to return it to status quo in order to have centres of blame games and finger pointing.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mikanjoroge
#1782 Posted : Tuesday, September 11, 2018 7:50:02 PM
Rank: New-farer

Joined: 6/13/2016
Posts: 47
Location: kenya
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.
limanika
#1783 Posted : Tuesday, September 11, 2018 8:25:57 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
mikanjoroge wrote:
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.


When you make promise you know you don't have 100% capacity to fulfill, that's what we call living a lie.

And who, when you haven't paid rent, takes the only cash at hand and goes on holiday? That's what we're doing ---spending 10's of billions tarmacking village cattle tracks just coz people are obsessed with tarmac, yet you will strain to count 10 vehicles down that road in a whole day, building electricity infrastructure in every nook and cranny just to light homes yet people could still survive with kerosene lamps if the pending debts were paid first..the list could go on
RIEK01
#1784 Posted : Tuesday, September 11, 2018 8:27:56 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
Very true, free advice, it's time to take care of yourselves.....
muandiwambeu
#1785 Posted : Tuesday, September 11, 2018 8:56:14 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
obiero wrote:
Thitifini wrote:
pops wrote:
Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now.


They know we are screwed whichever lane we take.Sad

It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali

For once and after lengthy self introspect I agree with you Gentleman. I am also able to note that it would have been better to to impose that tax in a different category, let say petrol base rate since the Government would have an hand to moderate it appropriately to manage inflation, this taxable base item being a dominant inflationary factor,and also equitable and distributable.
,Behold, a sower went forth to sow;....
muandiwambeu
#1786 Posted : Tuesday, September 11, 2018 9:02:35 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
muandiwambeu wrote:
obiero wrote:
Thitifini wrote:
pops wrote:
Why is the executive so silent on these key matters such as VAT on fuel and the debt situation? It's been over a week now.


They know we are screwed whichever lane we take.Sad

It will actually be worse if the fuel tax is reversed.. Wacha tupambane na hali

For once and after lengthy self introspect I agree with you Gentleman. I am also able to note that it would have been better to to impose that tax in a different category, let say petrol base rate since the Government would have an hand to moderate it appropriately to manage inflation, this taxable base item being a dominant inflationary factor,and also equitable and distributable.

,,,Fair comparing to cbk interest rate that is teribly ipoignant and mainly to few creators of capital/ investor equivalent to punishing hard work
,Behold, a sower went forth to sow;....
obiero
#1787 Posted : Wednesday, September 12, 2018 6:53:26 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022

KQ ABP 4.26
KulaRaha
#1788 Posted : Wednesday, September 12, 2018 7:55:55 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
limanika wrote:
mikanjoroge wrote:
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.


When you make promise you know you don't have 100% capacity to fulfill, that's what we call living a lie.

And who, when you haven't paid rent, takes the only cash at hand and goes on holiday? That's what we're doing ---spending 10's of billions tarmacking village cattle tracks just coz people are obsessed with tarmac, yet you will strain to count 10 vehicles down that road in a whole day, building electricity infrastructure in every nook and cranny just to light homes yet people could still survive with kerosene lamps if the pending debts were paid first..the list could go on


This, my fren, is the only way to steal...give the people infrastructure they dont need!
Business opportunities are like buses,there's always another one coming
limanika
#1789 Posted : Wednesday, September 12, 2018 8:04:16 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
obiero wrote:
The one positive in all this crisis is that WSR is loosing capacity to even offer himself for the biggest job in the land.. I doubt Kenyans will have the stomach to issue him with the green light to state house. I pray for peace in 2022


Every time he takes the podium and says 'we have tarmacked so many KM of roads, we have given counties so much, we have connected electricity, we have set aside so much to do this and that, blah, blah I wonder whether these people ever sit back to take stock of whether kenyans are getting value for money, or it's just a pedestrian way to hoodwink the ever gullible public, consequences not withstanding.

Looking back with hindsight, it seems Kibaki was near genius in public finance management. With the current crop, only PK would come a close second. But he's outside the arena.
limanika
#1790 Posted : Wednesday, September 12, 2018 8:11:18 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
KulaRaha wrote:
limanika wrote:
mikanjoroge wrote:
limanika wrote:
Why does govt make promises to IMF they know to realise same they would have to rely on parliament? Parliament which can decline?


Cause when you have thieves in government negotiating on our behalf and money is being dangled, they will agree to any conditions. Damn the consequences.


When you make promise you know you don't have 100% capacity to fulfill, that's what we call living a lie.

And who, when you haven't paid rent, takes the only cash at hand and goes on holiday? That's what we're doing ---spending 10's of billions tarmacking village cattle tracks just coz people are obsessed with tarmac, yet you will strain to count 10 vehicles down that road in a whole day, building electricity infrastructure in every nook and cranny just to light homes yet people could still survive with kerosene lamps if the pending debts were paid first..the list could go on


This, my fren, is the only way to steal...give the people infrastructure they dont need!

This is what you get when you give politicians with zero skill in public finance to manage the economy. They just do expensive projects that excite the public. They dont bother to do proper feasibility, they do not pause to consider whether there were more effective ways to spend the money to generate real wealth
263 Pages«<177178179180181>»
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