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We loses $8B (Shs.800B) Annually!!
2012
#1 Posted : Friday, June 14, 2019 9:56:13 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
What could be worse?!

All the thieves in jail combined from independence till now could not have stolen a quarter of what is Looted in one year from our taxes yet not even one is in jail. Imagine that!

It's obvious that this is well engineered theft with blessings or participation from above.

Sh800 Billion Looted Annually in Kenya, Kenya US Ambassador Says

BBI will solve it
:)
hardwood
#2 Posted : Friday, June 14, 2019 10:41:38 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
The good thing is that the cash is injected into the local economy particularly real estate which benefits alot of people from real estate companies, cement companies, mjengo guys, hardwares, transport, ndarugu stone guys, sand sellers etc.

If you steal 100m you can buy a house or build two 6 floor flats. If the 100m was to be shared among the 50m kenyans each would get 2 bob which would end up put in some cupboard somewhere and forgotten, or one would buy some peremende that would melt in the mouth in 2 minutes. Meanwhile building the 2 flats would have sustained alot of people in the supply chain and permanently contributed to the big 4 housing agenda.
mkenyan
#3 Posted : Friday, June 14, 2019 1:07:57 PM
Rank: Veteran


Joined: 4/1/2009
Posts: 1,883
we loses??? Shame on you d'oh! :
2012
#4 Posted : Friday, June 14, 2019 1:14:24 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
hardwood wrote:
The good thing is that the cash is injected into the local economy particularly real estate which benefits alot of people from real estate companies, cement companies, mjengo guys, hardwares, transport, ndarugu stone guys, sand sellers etc.

If you steal 100m you can buy a house or build two 6 floor flats. If the 100m was to be shared among the 50m kenyans each would get 2 bob which would end up put in some cupboard somewhere and forgotten, or one would buy some peremende that would melt in the mouth in 2 minutes. Meanwhile building the 2 flats would have sustained alot of people in the supply chain and permanently contributed to the big 4 housing agenda.


I have never agreed with that analogy.
The government is supposed to use the money to create an enebling environment for us to generate wealth. These fundis are paid peanuts which will only ensures the poverty cycle continues. And don't forget that this houses the thieves are building will never benefit us yet we have to repay the loans that build these houses from our taxes lest we mortgage our ports to the Chinese.

So, you do not share the 50m amongst Kenyans, you build a bridge to enable them take their produce to the market faster.

BBI will solve it
:)
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