Ndindi Nyoro
@NdindiNyoro • 1,064,880 subscribers
Kiharu MP and Entrepreneur. Published Author.
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The practical Proposals on dealing with Fuel Prices. We are African and Africa is our Business..
Ndindi Nyoro181,157 görüntüleme • 2 ay önce
KENYA MUST LOWER VAT ON FUEL AND REDUCE FUEL LEVY: Fuel prices globally were higher in March of 2022 at around $100 Per Barell, reaching a peak over $116 Per Barell in May of 2022. Higher than the current global oil prices. Yet, Petro was around Ksh 150 and diesel Ksh 131 at the peak in May. Even without a subsidy, it was still cheaper than now. Even while global prices halved from a high of $116 Per barrel in 2022 to below $55 Per barrel in December 2025, Kenyans didn’t notice the drastic global price change at the pump. The reason of high prices in Kenya includes the introduction of an extra 8% VAT in 2023 and an extra KSh 7 fuel levy in 2024. VAT is over Ksh 25 per liter. This is besides other excise taxes and levies. More interesting is that the government has already taken a loan or collected the Ksh 7 in advance through illegal securitization. This amounts to Ksh 32 billion per year. For non-oil-producing economies, their markets are price takers of the global prices; they are left with the tool of levies, taxes, or subsidies to deal with fuel prices. Taxes and levies account for around 50% of fuel prices in Kenya, among the highest in the World. A time has now come for Kenya to remove the Ksh 7 in fuel levy added in 2024 and recede the 8% VAT on fuel. The banks that participated in the illegal securitization should be made to pay for their greed. They either give a moratorium or laws must be changed. The government must intervene. Consumers have done their bit by paying additional VAT and fuel levy when prices were coming down; now it is time for the government to reciprocate by removing the 8% additional VAT and Ksh 7 fuel levy. Our economy cannot afford to shoulder all these levies and taxes at this time in consideration of the global dynamics. Kenyans must be shielded. The economy must be supported. It is unfathomable that fuel is cheaper in Uganda, yet their fuel requirements pass through Kenya. In Tanzania, Petro is below Ksh 155 in Kenyan shillings. Still cheaper in Rwanda. We are African and Africa is our Business..
Ndindi Nyoro238,718 görüntüleme • 2 ay önce
The public debt is now over Ksh 13 Trillion. We are borrowing in one year around Ksh 1.2Trillion; the amount President Kibaki borrowed in 10 years. Borrowing a net of Ksh 4Bn every day, without adding refinancing (what we borrow to pay previous loans). Kenya is also borrowing off the book from last year, just exactly what Senegal did and the more the reason they are in deep fiscal crisis. That’s why IMF is shunning Kenya. If we do not stop the profligate borrowing, for sure a reset is on the horizon. We must stop. We are African and Africa is our Business..
Ndindi Nyoro16,957 görüntüleme • 9 gün önce
Erokamano ahinya Hon Ruth. We are African and Africa is our Business..
Ndindi Nyoro32,394 görüntüleme • 21 gün önce
Kenya must liberalise Power production for Manufacturing and high Tech Industries to grow. Our Country can easily be a hub of Data Centres and take advantage of the current and growing high demand for energy as a result of technology uptake. The entrenched patronage in Power Purchase Agreements and Independence Power Production only benefits the producers and the cost is shouldered by the entire Economy. Part of the cost being political rent. We must rethink Power Production, Manufacturing and Technology. We are African and Africa is our Business..
Ndindi Nyoro112,229 görüntüleme • 3 ay önce
Headed to the exam room with Classmates. We are African and Africa is our Business..
Ndindi Nyoro372,515 görüntüleme • 1 yıl önce
My Bosses are always amazing. Asanteni sana. We are African and Africa is our Business..
Ndindi Nyoro12,065 görüntüleme • 12 gün önce
Safaricom Sale must be halted. The "negotiated" price is now lower than the "Market Price" meaning GoK is selling at a discount. If GoK will not effectively represent the people of Kenya in the sale of Safaricom, Kenyans will directly engage the directors of Vodacom including the Chairman - Justice Saki Macozoma and CEO - Mr Shameel Aziz Joosub. We must get the rightful value as a Country. The people in Government purporting to buy Kenya Pipeline stake camouflaged as Ugandans will soon be known by the Kenyan people. We are African and Africa is our Business..
Ndindi Nyoro82,574 görüntüleme • 4 ay önce
Senegal Debts and Kenyan lessons. Senegal is currently in turbulence in debt management. Upon assuming office, the current government led by President Diomaye Faye and PM Ousmane Sonko realised that the previous government led by President Macky Sall had borrowed around $13Bn in Secret loans "Off the Book". Meaning the amount was not included in the mainstream Debt book. We must as a country avoid falling in that kind of an abyss. The National debt in Kenya is now over Ksh 12.5 Trillion. This is the loan book. We are borrowing Ksh 3.5Bn to Ksh4Bn every day. I mean Net borrowing. What is borrowed to pay previous loans not included. Unfortunately, on top of this and besides the mainstream borrowing, the Government is also for the 1st time borrowing off the Book without transparency. 1. Securitisation - The government has already borrowed Ksh 175Bn by offering as security fuel levy that is to be collected for the next 7 years. The process is underway for another over 100Bn on the same. 2. Talanta Bond - GoK borrowed through a bond Kah 44.5Bn, offering as security money that is to be collected by Sports Fund for the next 15 years. The interest alone for the Ksh 44.5 Bn loan will be 100Bn after that period. 3. Tourism Fund. The fund is effectively also on the same line and path. 4. Plans are underway to take around Ksh 400Bn loan by offering Housing Levy that is to be collected in the next many years as security. Basically collecting Housing Levy in advance. 5. The National Treasury is also in the process of forming an "Infrastructure Fund" which will is also a vehicle of borrowing more off the book. This is how it is working - Create a fund, then institute levies, then use the history of the Levy collected to borrow secretly off the book. This while is illegal also contrains the future flexibility of the country's fiscals or funds. All these Funds and institutions are fully owned by GoK. You cannot therefore treat loans taken by any of the government institution differently, especially non commercial institutions. If the institutions are unable to pay, GoK will pay. That's why w e must not do these kinds of implementation. It is important that Kenyans know this. Ramifications will definitely come. I hope sanity reigns and we avert a catastrophe by acting differently. We are African and Africa is our Business..
Ndindi Nyoro132,069 görüntüleme • 7 ay önce
EPRA should take this as a preemptive message from Kenyans. Fuel stocks in Kenya landed before March. It is therefore important they do not increase fuel prices and blame it on “Landing Cost”. I’m hopeful they will do the right thing. We are African and Africa is our Business..
Ndindi Nyoro60,997 görüntüleme • 3 ay önce
Downtown Boston, Charles River and all from Prudential Tower. We are African and Africa is our Business..
Ndindi Nyoro25,414 görüntüleme • 1 ay önce
Fuel Prices, Fuel Levy and profligate borrowing. We are African and Africa is our Business..
Ndindi Nyoro160,074 görüntüleme • 11 ay önce
Kenya is now borrowing Ksh 3.4Bn every single day or Ksh 140 Million per hour. Simply Ksh 2.4M Per minute both day and night every day. Out of that, the Kenyan Debt is now over Ksh 12.1 Trillion. This is besides the Ksh 175 Bn Borrowed through securitisation of the Fuel Levy and the Ksh 45Bn Talanta Bond. We are African and Africa is our Business..
Ndindi Nyoro134,222 görüntüleme • 9 ay önce
Gitiri Primary School. We are African and Africa is our Business..
Ndindi Nyoro81,994 görüntüleme • 5 ay önce