Kenyas Debt Cycle
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XalimosVeryOwn
Timothée Chalamet
Kenya is always going to be corrupt, unless they stop voting for Kenyatta because he's the son of the Founding Father. A country should not be having officers wanting to beat you just because you look a certain way. And you have to pay them to leave you alone! Waar Maxaa Qaldan?
Even if they don't vote for Kenyatta, he will still find a way to steal through the party and other politicians. It's in the blood if I may say
XalimosVeryOwn
Timothée Chalamet
Gibiin-Udug
Crowned Queen of Puntland. Supporter of PuntExit
Didn't he sign the Mombasa port to China for them to use for 99 years? Lmfao, this is another level of corruption.
XalimosVeryOwn
Timothée Chalamet
He did what? Wlh he failed Kenya. When I was there, I seen so many homeless (jokorai) burning trash and metal to eat as food. Kenyatta is a fool!
This is just a click bait article, a sensationally done internet news piece which doesn't look at the big picture.
The main problem in Kenya is corruption and embezzlement in the public sector. If Kenya can deal with corruption, then it will be able to manage the govt debt and in turn experience positive economic growth for the foreseeable future.
Kenya's Debt to GDP ratio is currently about 60%. It is high but it's very much manageable for a lower middle income country like Kenya. Some developed economies like the US and UK are operating with Debt to GDP ratios close to 100% and nobody is making noise on internet forums about it.
The govt borrowing by Kenya is mainly used to fund infrastructure. Everywhere you look in Kenyan towns and cities, there is construction going on. From highways, rail, bridges, dams, ports, public housing, a new smart city, etc. This kind of spending will not have immediate returns, but it is the vital catalyst to economic growth going forward.
Kenya has one of the most thriving private sector economies in Africa. There is also the middle class population that is growing in number every year. That means a larger customer base for companies investing in Kenya and more tax revenue for the govt. Most big multinational companies operating in Africa wants to get a piece of the Kenyan economy. Most foreign companies doing business in Africa set their headquarters in Nairobi.
If truly it was all doom and gloom in Kenya, then all these multinational companies and foreign governments would not be sinking in billions of dollars in business Investments and public infrastructure in Kenya.
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Can't compare them to kenya. Developed countries have such a huge output that they could run on such high debt. They have the capacity to pay it back over time. Kenya gets aid from the UK and the U.S. the nations who you said are "operating with Debt to GDP ratios close to 100% " How could you compare them. These countries can cripple the economies they don't like. Kenya is just a meager developing country.
Their major exports tea and coffee are owned by these companies they just work in the fields. Their important buildings in nairobi are owned by these companies. The local Kenyans are not benefitting. They are being colonized with bullshit photo ops showing "development"
This is funny but not surprising. I think the areas in question is the Mau forest in the lower riftvalley of Kenya. This forest range is the water catchment area that feeds the lower rift region including the mara reserve and the vast maasai pastoral lands. The Kenyan govt been trying to relocate people from the forest areas. This has become a politicised and very touchy topic in Kenya. You know what, most Africans don't know or care about environment conservation. If it were upto them, they would destroy all the water catchment areas leading to more environmental degradation and desertification.
Do you know that the maasai people get paid inorder to coexist and not kill the wildlife in Kenya? The maasai pastoralists have a contract with wildlife conservation NGOs where they are paid to let the animals from the Nairobi national park to graze in their communal lands neighbouring the city.
It's only the developed countries from the west who care about and fund environmental conservation.
This is why western donor countries put conditions on environmental conservation when dealing with African countries. You can call it neocolonialism, but it is what it is.
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I wouldn't be quick to call it a bullshit photo op,if you look at it from an pure economic point of view. Foreign companies get an opportunity to invest in Kenya. In return, the Kenyan economy gets a boost from the Foreign direct investment which translates to infrastructure development,more jobs for the locals and more tax revenue for the government.
In my opinion, it's a win win situation. It's not any different to what Turkey is trying to do in Somalia.
Not a win win situation if foreigners keep $4 billion out of the $5 billion coming from tea/coffee export. Yes Kenya gets to record it as part of their gdp but is it though?I wouldn't be quick to call it a bullshit photo op,if you look at it from an pure economic point of view. Foreign companies get an opportunity to invest in Kenya. In return, the Kenyan economy gets a boost from the Foreign direct investment which translates to infrastructure development,more jobs for the locals and more tax revenue for the government.
In my opinion, it's a win win situation. It's not any different to what Turkey is trying to do in Somalia.
That Turkey situation is more like a grant only one way. Somalia isn't offering them much else. The only thing they benefit from is the airline which is more of a 2 street for somalis and the turkish airline. @Leftside where in Kenya do/did you live?
4 words: China Debt Trap Diplomacy
Twitter is the last place to find credible information on what is going on
People like Wandia Njoya or Boniface Mwangi and other NGO types always make alarming tweets without ever providing any evidence
It's something new every day. Today it's forests, tomorrow it's schools, another day it's police brutality
But they never manage to make any permanent change. The pattern is always the same as: the government takes an insignificant but highly publicized action only to go back to "business as usual" a month or so after Kenyans have moved on to the latest scandal
That is what it did with international flights during covid
Why the f would the queen care about Kenya? Which queen are we even talking about?
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