Kenya returned to the global markets on Tuesday paying a steep price to retire the sh304B Eurobond
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- Опубліковано 13 лют 2024
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Its RIP OFF.
At least we understand the spike in the dollar market
nimekwama apo kwa us inflation....
The first Euro bond proceeds never went to the exchequer yet Kenyans are paying for it, beneficiaries are busy building their companies including Private airstrips while Kenyans are languishing in poverty 😂😂😂... Some people will never know peace
Kenya needs to default...it will be a wonderful wake up call.coz eventually we going to default nxt it will all every 10 Bob gova gets 9 inaenda deni.Kick the can down the road.
Good job 👍🏿
Then the dollar will rise as the shilling falls.
Good news
The worst part is that we know this money did not help the common man yet they are forcing us to pay.
The bond shd be invested in agriculture
it is meant to repay the 2014 Eurobond
Uhuru wewe.. mwizi wewe
All the individuals in the background of the issued Eurobond from Deputy President, CBK Governor to PS are in the current government that seeks to resolve it.....Further the current Government has borrowed much more in less than 1.5 years than any other in Kenyan history. Has taxed all channels of income from the rich to mama mboga. No one knows where those funds are channeled and the outcome cannot be observed except State House renovation which is not a priority unlike in the past where there is an establishment of a wide network of road infrastructure nationally.
Can someone explain in layman's language..!!!
Am in your league 😮
you, your children, your grand children and their great grand children as well will be paying someone else's bills. (someone is borrowing on your behalf and using the money for their personal fancy life while you will have to pay it back).
It means Government over-borrowing to pay its debts. Soon we might have to hand over ports and national parks if we are lucky, or at worst Kenyans bank accounts are frozen by our debtors as happened to Greece in 2010.
@@lopantolulu how is the whole bond related na shilling strengthening against major currencies. ???
Is it too early to celebrate ???
@@SPU_Uncensored Yes its too early to celebrate. 'Eurobond' is another name for the dollars ruto borrowed and pumped into the economy. This causes a 'fake' prosperity because it looks like the country has generated a lot of wealth kumbe ni deni ya wazungu.
The correct way to decrease dollar against ksh is to create a tax friendly environment for investors. Since investor demand for ksh will go up, its strength will go up against all other currencies. NARC government did exactly this and ksh gained consistently between 2002-2006. Ruto is doing EXACLY the opposite.