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Rotich now says govt is BROKE, has no money.
2012
#11 Posted : Wednesday, March 07, 2018 9:41:19 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
wukan wrote:
Govt can't be broke it has no money of its own. It's the taxpayer who is broke and can't fund the big govt and its 'Pharonic' projects.


Very true.

The problem with this government is that it has no ideas on how to enable creation of new businesses and how to grow existing businesses. The only companies that can do well in a country like Kenya are companies that have experienced and survived such conditions in other countries. It is almost impossible to start or run a successful business in Kenya. Period. County taxes you, government taxes you and everything you buy is taxed 16% yet no employer is able to run a profitable business. Ninkubaya my fren.

BBI will solve it
:)
murchr
#12 Posted : Wednesday, March 07, 2018 9:50:18 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Are we pretending that we were in an election period where Kenya spent so much to massage egos?
"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
.
Euge
#13 Posted : Wednesday, March 07, 2018 10:11:12 PM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
[quote=hardwood]Ohuru should fire him ASAP. Rotich, as finance minister was hired to manage our money matters and we have ended up broke. He doesnt deserve another day in that office. Even in you company if your company goes broke you get a new finance manager.

http://nairobinews.natio...oke-no-money-cs-rotich/[/quote]

No wonder fuel and electricity are becoming expensive (read being taxed more) to raise money
Lord, thank you!
Rongla
#14 Posted : Thursday, March 08, 2018 1:46:41 AM
Rank: Member

Joined: 10/3/2008
Posts: 101
Tano Tena Choristers where thou art. We've hardly gone 4 months in and the circus is in town
Rongla
#15 Posted : Thursday, March 08, 2018 2:16:55 AM
Rank: Member

Joined: 10/3/2008
Posts: 101
Tano Tena Choristers where thou art?? We've hardly gone 4 months in and the circus is in town.
Liv
#16 Posted : Thursday, March 08, 2018 9:42:40 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
What Rotich is doing is not necessarily a bad thing...he could have decided to print more money to fund all planned activities but that would be more catastrophic for the country. Expenditure reduction is good.... He needs to go further and put down legally specific austerity measures that will force government officers reduce wastage of resources.
limanika
#17 Posted : Thursday, March 08, 2018 10:47:31 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
They need to grow the economy 'Bottom -up' not climbing tree from the top by debt financing everything including foreign benchmarking trips. Otherwise country will grid to a halt sooner than later.
FRM2011
#18 Posted : Thursday, March 08, 2018 11:55:05 AM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459

For those on twitter, please look up a guy by the handle @surambaya.

He has summarized the OAG reports in a twitter thread. It is a painful thing to read. Its like there is a competition on who can steal more. And nobody bothers to cover up theft nowadays.
jgithige
#19 Posted : Thursday, March 08, 2018 1:48:13 PM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
Shame on you Shame on you Rotich is sly. He's making such announcement afew days after bagging the second euro bond. My bet is if such statement was made before the bond issue the subscription would be very different.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
Yowel
#20 Posted : Thursday, March 08, 2018 2:00:42 PM
Rank: New-farer

Joined: 10/14/2016
Posts: 25
Location: Nairobi
FRM2011 wrote:

For those on twitter, please look up a guy by the handle @surambaya.

He has summarized the OAG reports in a twitter thread. It is a painful thing to read. Its like there is a competition on who can steal more. And nobody bothers to cover up theft nowadays.


Have actually read the report in full, and my lord, it hurts so much, and these are the people we have even died/killed for during elections so as to make our lives miserable.

There goes another precious 5 years wasted.



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