Kenya is desperate to pay off staggering debt. Its workers are paying the price

[Hnomo]

https://www.nytimes.com/2025/05/04/business/economy/kenya-debt-taxes.html

 

[The truth seeker]

Not surprised Ruto screwed that country

 

[Hnomo]

100B in debts for flashy projects. Had they use that 100B on manufacturing. Their GDP would be double of

 

[The truth seeker]

100B in debts for flashy projects. Had they use that 100B on manufacturing. Their GDP would be double of

Kenyan electricity is weak a little rain an lights are off for the rest of the day

A Vietnamese guy ripped ruto a few weeks ago

 

[Hnomo]

Kenyan electricity is weak a little rain an lights are off for the rest of the day

A Vietnamese guy ripped ruto a few weeks ago

Didn’t you use to live in Kenya? I remember you talking about that. Until my previous account got banned for trolling

 

[Midas]

100B in debts for flashy projects. Had they use that 100B on manufacturing. Their GDP would be double of

The fact that this is a problem that every African country seems to suffer from. Shows that there doesn't seem to be any easy solutions.

That's why I tell all the naysayers you better hope your wrong that somalia doesn't have oil or we will probably run into similar problems.

 

[Hnomo]

The fact that this is a problem that every African country seems to suffer from. Shows that there doesn't seem to be any easy solutions.

That's why I tell all the naysayers you better hope your wrong that somalia doesn't have oil or we will probably run into similar problems.

I agree but this whole system needs to be reformed. Or that money will be looted. Somali leaders aren’t smart with loans. Hopefully oil will be found.

 

[The truth seeker]

I agree but this whole system needs to be reformed. Or that money will be looted. Somali leaders aren’t smart with loans. Hopefully oil will be found.

Bad governance and oil is a recipe for disaster


There is still a huge gap between developing countries and developed countries the island of Hawaii has a larger gdp and gdp per capita than Kenya which is just crazy in my opinion

 

[Hnomo]

Bad governance and oil is a recipe for disaster


There is still a huge gap between developing countries and developed countries the island of Hawaii has a larger gdp and gdp per capita than Kenya which is just crazy in my opinion

You kinda need capital in order to have better education. Better leadership. Somalis backhome have low exceptations. Security, 3 meals a day, to have the freedom to do business without overtaxation. Somalia currently has as same per capita than Nigeria does.

 

[The truth seeker]

You kinda need capital in order to have better education. Better leadership. Somalis backhome have low exceptations. Security, 3 meals a day, to have the freedom to do business without overtaxation. Somalia currently has as same per capita than Nigeria does.

In many places in Africa the people are educated you will see taxi drivers who have a economics degree or a degree in computer science


Somalia has a small population and a lot of oil with the right leader they easily could be Norway

 

[Hnomo]

In many places in Africa the people are educated you will see taxi drivers who have a economics degree or a degree in computer science


Somalia has a small population and a lot of oil with the right leader they easily could be Norway

Our population is 20m. Which is set to double. After that TFR will slow down to 2-3. Even if they reform i dont see it becoming Norway. Norway became Norway because of their mentality+culture. But hey only time can tell. If they get rid of the danyeers that are apart of 4.5 tribal democracy. Then sure