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KENYA IN FIGURES: Based on CBK data and other GoK data sources, Kenya borrowed Ksh 1Trillion in the last 8 Months. Meaning we are borrowing between Ksh 3.5Bn to 4Bn per Day. This is new debt or net debt excluding refinancing or debt borrowed to pay other debts. In... show more

Ndindi Nyoro

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All about Talanta Infrastructure Bond/ debt and pushing Kenya into a debt and Fiscal cliff. The story of a Debt of Ksh 44.8Bn that Kenyans will pay Ksh 100Bn on interest alone. We are African and Africa is our Business..

All about Talanta Infrastructure Bond/ debt and pushing Kenya into a debt and Fiscal cliff. The story of a Debt of Ksh 44.8Bn that Kenyans will pay Ksh 100Bn on interest alone. We are African and Africa is our Business..

Ndindi Nyoro

255,712 görüntüleme • 1 yıl 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..

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 Nyoro

134,264 görüntüleme • 11 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..

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 Nyoro

17,968 görüntüleme • 2 ay önce

There was a town hall meeting on public debt at the Ufungamano house last month. I have been looking for clips and I have found some. These are the right questions Kenyans should be asking. Let us start with the ten years of UhuRuto regime; Taxpayers Collected Revenue was Ksh 13.8T Taxpayers Expenditure was Ksh 14.3T, a deficit of Ksh1.5T, meaning only Ksh 1.5T was to be borrowed. In those ten years, Ksh 7.7T was borrowed and the Parliament only approved the borrowing of Ksh 2T. Surprisingly, in those ten years, the Parliament approved the payment of Ksh 5.6T which they never approved to be borrowed. Now, Ksh 5.6T was paid, but when Ruto's killer regime came to office, the debt was Ksh 9.6T. William Ruto says that they have paid Ksh 4.6T. Now the question we are asking is, why is the public debt at Ksh 12.3T? We must demand the debt register to be opened. Public debts must be audited juu hapa tunachezwa. It doesn't add up. Ksh 5.6T + Ksh 4.6T is 10.2T. How do we still owe Ksh 12.3T? Who is fooling who? Where is our money going to? #AuditPublicDebts #OpenDebtRegisters #RutoMustGo #DrainTheSwamp

There was a town hall meeting on public debt at the Ufungamano house last month. I have been looking for clips and I have found some. These are the right questions Kenyans should be asking. Let us start with the ten years of UhuRuto regime; Taxpayers Collected Revenue was Ksh 13.8T Taxpayers Expenditure was Ksh 14.3T, a deficit of Ksh1.5T, meaning only Ksh 1.5T was to be borrowed. In those ten years, Ksh 7.7T was borrowed and the Parliament only approved the borrowing of Ksh 2T. Surprisingly, in those ten years, the Parliament approved the payment of Ksh 5.6T which they never approved to be borrowed. Now, Ksh 5.6T was paid, but when Ruto's killer regime came to office, the debt was Ksh 9.6T. William Ruto says that they have paid Ksh 4.6T. Now the question we are asking is, why is the public debt at Ksh 12.3T? We must demand the debt register to be opened. Public debts must be audited juu hapa tunachezwa. It doesn't add up. Ksh 5.6T + Ksh 4.6T is 10.2T. How do we still owe Ksh 12.3T? Who is fooling who? Where is our money going to? #AuditPublicDebts #OpenDebtRegisters #RutoMustGo #DrainTheSwamp

I am Chege

23,880 görüntüleme • 8 ay önce

Today on the National Illegal Borrowing Fund. Kenya is currently borrowing over Ksh 1.25 Trillion per year. Approximately Ksh 4Bn every day. This is net borrowing without taking into account what we borrow to pay earlier debts. The Fund’s main purpose is to open another avenue of borrowing off the Book. We are African and Africa is our Business..

Today on the National Illegal Borrowing Fund. Kenya is currently borrowing over Ksh 1.25 Trillion per year. Approximately Ksh 4Bn every day. This is net borrowing without taking into account what we borrow to pay earlier debts. The Fund’s main purpose is to open another avenue of borrowing off the Book. We are African and Africa is our Business..

Ndindi Nyoro

22,711 görüntüleme • 5 ay önce

Listen to this four minutes clip by Okiya Omtatah. The debt ceiling has hit Ksh 12T. Out of this Ksh 12T, the Parliament only approved the borrowing of Ksh 2.7T. Meaning Ksh 10T was illegally borrowed and was borrowed out of the budget. Now, the most scary part is that the same Parliament has approved the repayment of Ksh 8.9T. How do you approve the payment of something you never approved to be borrowed? And the 'borrowed' money did not also pass through the Consolidated Fund. In other words, we are paying what we cannot prove that we received. This is a dead country. There's no country here. Listen to this 🎤 #RutoMustGo #DrainTheSwamp

Listen to this four minutes clip by Okiya Omtatah. The debt ceiling has hit Ksh 12T. Out of this Ksh 12T, the Parliament only approved the borrowing of Ksh 2.7T. Meaning Ksh 10T was illegally borrowed and was borrowed out of the budget. Now, the most scary part is that the same Parliament has approved the repayment of Ksh 8.9T. How do you approve the payment of something you never approved to be borrowed? And the 'borrowed' money did not also pass through the Consolidated Fund. In other words, we are paying what we cannot prove that we received. This is a dead country. There's no country here. Listen to this 🎤 #RutoMustGo #DrainTheSwamp

I am Chege

93,493 görüntüleme • 8 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..

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 Nyoro

132,211 görüntüleme • 9 ay önce

It is obvious Kenya will benefit from opening up the Sale of GoK 15% Safaricom Stake to an International bid. But GoK is very keen to accept an inferior offer that is sub optimal. The language of "Market Price" is the language of a buyer, not a seller. NCBA shares were trading below Ksh 70 before the initial information of an imminent transaction. The transaction price from NedBank is Ksh 102. The parties knew what the share price was but they went for the value. EABL shares are currently trading at Ksh 244 in the market, but Diageo is selling their 65% stake in the same company to a Japanese Company, Asahi for at Ksh 590 per share. Rea Vipingo was trading at Ksh 27.5 in the market, but it was bought out at Ksh 85. Only self interest can cloud the correct judgement and decision from being made and executed. Kenya deserves better. We are African and Africa is our Business..

It is obvious Kenya will benefit from opening up the Sale of GoK 15% Safaricom Stake to an International bid. But GoK is very keen to accept an inferior offer that is sub optimal. The language of "Market Price" is the language of a buyer, not a seller. NCBA shares were trading below Ksh 70 before the initial information of an imminent transaction. The transaction price from NedBank is Ksh 102. The parties knew what the share price was but they went for the value. EABL shares are currently trading at Ksh 244 in the market, but Diageo is selling their 65% stake in the same company to a Japanese Company, Asahi for at Ksh 590 per share. Rea Vipingo was trading at Ksh 27.5 in the market, but it was bought out at Ksh 85. Only self interest can cloud the correct judgement and decision from being made and executed. Kenya deserves better. We are African and Africa is our Business..

Ndindi Nyoro

47,226 görüntüleme • 6 ay önce

Fellow compatriots, it is important that we get involved at least by keenly following what is happening in our Country. High appetite of debt will definitely hurt our economy in the future. Our economy cannot afford to borrow Ksh 1.25 Trillion per year. Did you know that the new Fund is 90% about borrowing more off the book? We are African and Africa is our Business..

Fellow compatriots, it is important that we get involved at least by keenly following what is happening in our Country. High appetite of debt will definitely hurt our economy in the future. Our economy cannot afford to borrow Ksh 1.25 Trillion per year. Did you know that the new Fund is 90% about borrowing more off the book? We are African and Africa is our Business..

Ndindi Nyoro

20,066 görüntüleme • 7 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..

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 Nyoro

239,078 görüntüleme • 4 ay önce

Shiquo of late has been wondering why her videos are now getting maximum of 100 views and two likes, yet a few months ago she was pulling 300K views per video. She can keep wondering, but the problem is her. She has completely abandoned her real customers, the people who made her blow up! She no longer sells items at the crazy low prices that defined her brand…. For instance ; • The perfume she used to sell at KSh 250 now goes for KSh 4,000. • The non-stick sufurias she sold at KSh 1,200 are now KSh 16,000. • The Crocs she sold at KSh 150 now cost KSh 650. • The female shoes that went for KSh 200 are now KSh 2,500. • The sneakers she sold at KSh 1,200 are either unavailable or going for KSh 3,400. • The handbags she sold at KSh 350 now cost KSh 3,000. • The non-frost fridge she sold at KSh 16,500 is now KSh 109,000. She seems to have forgotten that “we” Walahoi see these same goods at Garden City, Two Rivers, and supermarkets every day, but we don’t touch them because we can’t afford them. The only reason we worshipped her was because she was bringing those prices within our Fuliza limits. She needs to go back to the old Shiquo wa Hii style and start by bringing a Spiro motorbike at KSh 7,500 and a Suzuki Alto at KSh 46,700!

The Oligarch

225,949 görüntüleme • 22 gün önce

VICTORIA’S TSUNAMI OF DEBT Last night, the first TV ad from FixVictoria premiered on the commercial networks - talking about Victoria’s existential debt burden. Victoria’s debt is at over $200 BILLION and rising. We now spend $24 MILLION PER DAY in interest payments - that’s just the interest to service the debt. By the end of the decade, we will be paying $32 million per day. We now spend more on debt than we do on police (and that’s no surprise, given that criminal incidents last year were the highest since records began). Victorians are crying out for leaders with a plan to get us out of this catastrophic situation. Because if we don’t, the tsunami of debt will wash away everything we’ve built.

VICTORIA’S TSUNAMI OF DEBT Last night, the first TV ad from FixVictoria premiered on the commercial networks - talking about Victoria’s existential debt burden. Victoria’s debt is at over $200 BILLION and rising. We now spend $24 MILLION PER DAY in interest payments - that’s just the interest to service the debt. By the end of the decade, we will be paying $32 million per day. We now spend more on debt than we do on police (and that’s no surprise, given that criminal incidents last year were the highest since records began). Victorians are crying out for leaders with a plan to get us out of this catastrophic situation. Because if we don’t, the tsunami of debt will wash away everything we’ve built.

Gideon Rozner

17,803 görüntüleme • 1 gün önce

This is what everyone should know about Odious Debts/Illegal debts/Hidden debts. Kenya's odious debt is an illustration of cases around the world whereby consultants from multinational corporations identify developing countries with something of value, such as minerals, and persuade the authorities of these countries to secretly take on huge development loans with banks. In most cases, the money never reaches the countries. Rather, the money is transferred directly from the banks to offshore accounts of these crooks and the countries are then left with massive debts. Resources and companies from developing countries are given as collaterals for these loans. Therefore, the resources that countries should use to invest in development are transferred to service these odious debts. This is what is happening in this country. We are being overtaxed to pay debts we never saw. Debts which never passed through the Consolidated Fund and are not documented. Debts that went through individual accounts. The killer regime is now selling state parastatals in the name of servicing these debts which we never saw. Over Ksh 6.8T is undocumented, untraceable and there's no proof that we received such money. Basically, we are being turned into slaves at the expense of a few crooks. We must not pay what was illegally borrowed! #RutoMustGo #DrainTheSwamp

This is what everyone should know about Odious Debts/Illegal debts/Hidden debts. Kenya's odious debt is an illustration of cases around the world whereby consultants from multinational corporations identify developing countries with something of value, such as minerals, and persuade the authorities of these countries to secretly take on huge development loans with banks. In most cases, the money never reaches the countries. Rather, the money is transferred directly from the banks to offshore accounts of these crooks and the countries are then left with massive debts. Resources and companies from developing countries are given as collaterals for these loans. Therefore, the resources that countries should use to invest in development are transferred to service these odious debts. This is what is happening in this country. We are being overtaxed to pay debts we never saw. Debts which never passed through the Consolidated Fund and are not documented. Debts that went through individual accounts. The killer regime is now selling state parastatals in the name of servicing these debts which we never saw. Over Ksh 6.8T is undocumented, untraceable and there's no proof that we received such money. Basically, we are being turned into slaves at the expense of a few crooks. We must not pay what was illegally borrowed! #RutoMustGo #DrainTheSwamp

I am Chege

15,852 görüntüleme • 8 ay önce

When we came into office, we were confronted with a fictitious NHIF debt amounting to KSh 30 billion. Shockingly, KSh 5.6 billion of this was linked to the Linda Mama programme. This was not just a matter of numbers. It reflected years of weak oversight, inefficiency and mismanagement that compromised the quality of care delivered to mothers and their children. That is why, under the Social Health Authority (SHA), the Government has embarked on far-reaching reforms to rebuild trust and restore integrity in our health sector. We are tightening accountability systems, sealing financial loopholes and ensuring that every shilling invested in health translates into quality care for our people.

When we came into office, we were confronted with a fictitious NHIF debt amounting to KSh 30 billion. Shockingly, KSh 5.6 billion of this was linked to the Linda Mama programme. This was not just a matter of numbers. It reflected years of weak oversight, inefficiency and mismanagement that compromised the quality of care delivered to mothers and their children. That is why, under the Social Health Authority (SHA), the Government has embarked on far-reaching reforms to rebuild trust and restore integrity in our health sector. We are tightening accountability systems, sealing financial loopholes and ensuring that every shilling invested in health translates into quality care for our people.

Hon. Aden Duale, EGH

55,479 görüntüleme • 10 ay önce

I don't know this guy, but he speaks my language exactly on Kenyan debt He refers to the huge illegal loans from IMF and World Bank as economic entrapment. In other words, the debts are to trap we the people of Kenya into slavery. Listen 🎤

I don't know this guy, but he speaks my language exactly on Kenyan debt He refers to the huge illegal loans from IMF and World Bank as economic entrapment. In other words, the debts are to trap we the people of Kenya into slavery. Listen 🎤

I am Chege

15,720 görüntüleme • 8 ay önce

$The quintessential question every Kenyan must grapple with today is: What is the purpose of government in Kenya? Let's take a look at Baringo County as we try to answer that question. Baringo County has a poverty rate of 47%. This is despite the fact that it has received KSH 60.3 billion since devolution. This county can only raise 3% of its budget, or KSH 250 million. 11 years into devolution. Its 45 MCAs in 2024-2025 consumed 10% of the entire budget on themselves. 10% of the entire budget. This county, after raising KSH 250 million locally: Spends 55% of all revenue on salaries for the 1% of people in government. The legal limit is 35%! That gimmick alone - 55% vs 35% - robs citizens KSH 1.5 billion in 2024-2025 alone. In the last three years, citizens have lost KSH 3.3 billion that way. Now, watch the attached video of a healthcare facility - collapsing because of corruption, incompetence, and indifference. This KSH 3.3 billion went to 1% of those in government. And, it does not include the money lost to corruption in the shameful facility under discussion. After raising KSH 250 million locally, or 3% of its budget, the county drops KSH 381 million on travel. Travelling in style. Where to? "Benchmarking exercise" in Tanzania. "Smart (more appropriately, "dumb") governance" in Dubai. "Empowering excellence" in Dubai. "Digital conference" in Rwanda. "Retirement planning" in Tanzania. "Leadership and integrity" in Tanzania. I mean - you gotta hand it to them. They are trolls per excellence. Leadership and integrity? The point is - this county that started by taking 55% of all revenue on salaries, drops KSH 381 million travelling, for absolute nonsense. ZERO VALUE FOR CITIZENS. The governor is taking home a basic income that is a whopping 75 times the income earned by the average citizen. The MCA? 15 times. All this information can be found on the last attachment. This county, in 2024-2025, spent KSH 0 on bursaries - in a county where one in two people cannot afford two meals in a day. It total, it spent only KSH 170 million on education in the county, which was about 1.9% of the budget. For all the children in the county. 55% on salaries, 1.9% on education. After all that wastage and greed - believe it or not, the county has a lengthy list of stalled projects. Look at the the third attachment here. Many of the stalled projects list: "Inadequate funding" has the reason that the project failed. The stalled projects include healthcare facilities and schools. Let that sink in. Our laws tell county governments - do not spend more than 35% of revenue on salaries for yourselves - because you are not the purpose for devolution. You are not the purpose for the existence of government. But - that doesn't mean anything. They spend 55% on salaries - on a tiny fraction of the county - less than 1% of the county population. In three years alone, this theft through illegal spending on salaries amounts to KSH 3.3 billion! They then take KSH 381 million for travel. The County Governor's office, is allocated KSH 3.9 billion, out of a county budget of about KSH 9 billion. Crazy, right? The Governor's office's budget is larger than: The county assembly; Roads department; Health services department Agriculture department; and Water and irrigation. COMBINED! The question I said we need to grapple with is: What is the purpose of government in Kenya? Devolution as currently set up will not work, without significant reform. What you see above is not government. It is not devolution. It is extraction. Pure and simple. We as Kenyans need to love our country better. And when you love anything, you want the best version of it. We cannot spend 70% of every single shilling in our name on 3% of Kenyans, and act like we are a country with a government. Our country owes KSH 12 trillion, for which the future of this country is in serious jeopardy. A country where about 50% of all citizens are youth - is spending over 80% of all revenue on debt service, perpetuating this type on insanity. And when Kenyans ask questions, they are called merchants of anarchy. Their patriotism is questioned. They are told they are not educated. Change Must Come. Baringo County Govt. Abdi Nasambu$

The quintessential question every Kenyan must grapple with today is: What is the purpose of government in Kenya? Let's take a look at Baringo County as we try to answer that question. Baringo County has a poverty rate of 47%. This is despite the fact that it has received KSH 60.3 billion since devolution. This county can only raise 3% of its budget, or KSH 250 million. 11 years into devolution. Its 45 MCAs in 2024-2025 consumed 10% of the entire budget on themselves. 10% of the entire budget. This county, after raising KSH 250 million locally: Spends 55% of all revenue on salaries for the 1% of people in government. The legal limit is 35%! That gimmick alone - 55% vs 35% - robs citizens KSH 1.5 billion in 2024-2025 alone. In the last three years, citizens have lost KSH 3.3 billion that way. Now, watch the attached video of a healthcare facility - collapsing because of corruption, incompetence, and indifference. This KSH 3.3 billion went to 1% of those in government. And, it does not include the money lost to corruption in the shameful facility under discussion. After raising KSH 250 million locally, or 3% of its budget, the county drops KSH 381 million on travel. Travelling in style. Where to? "Benchmarking exercise" in Tanzania. "Smart (more appropriately, "dumb") governance" in Dubai. "Empowering excellence" in Dubai. "Digital conference" in Rwanda. "Retirement planning" in Tanzania. "Leadership and integrity" in Tanzania. I mean - you gotta hand it to them. They are trolls per excellence. Leadership and integrity? The point is - this county that started by taking 55% of all revenue on salaries, drops KSH 381 million travelling, for absolute nonsense. ZERO VALUE FOR CITIZENS. The governor is taking home a basic income that is a whopping 75 times the income earned by the average citizen. The MCA? 15 times. All this information can be found on the last attachment. This county, in 2024-2025, spent KSH 0 on bursaries - in a county where one in two people cannot afford two meals in a day. It total, it spent only KSH 170 million on education in the county, which was about 1.9% of the budget. For all the children in the county. 55% on salaries, 1.9% on education. After all that wastage and greed - believe it or not, the county has a lengthy list of stalled projects. Look at the the third attachment here. Many of the stalled projects list: "Inadequate funding" has the reason that the project failed. The stalled projects include healthcare facilities and schools. Let that sink in. Our laws tell county governments - do not spend more than 35% of revenue on salaries for yourselves - because you are not the purpose for devolution. You are not the purpose for the existence of government. But - that doesn't mean anything. They spend 55% on salaries - on a tiny fraction of the county - less than 1% of the county population. In three years alone, this theft through illegal spending on salaries amounts to KSH 3.3 billion! They then take KSH 381 million for travel. The County Governor's office, is allocated KSH 3.9 billion, out of a county budget of about KSH 9 billion. Crazy, right? The Governor's office's budget is larger than: The county assembly; Roads department; Health services department Agriculture department; and Water and irrigation. COMBINED! The question I said we need to grapple with is: What is the purpose of government in Kenya? Devolution as currently set up will not work, without significant reform. What you see above is not government. It is not devolution. It is extraction. Pure and simple. We as Kenyans need to love our country better. And when you love anything, you want the best version of it. We cannot spend 70% of every single shilling in our name on 3% of Kenyans, and act like we are a country with a government. Our country owes KSH 12 trillion, for which the future of this country is in serious jeopardy. A country where about 50% of all citizens are youth - is spending over 80% of all revenue on debt service, perpetuating this type on insanity. And when Kenyans ask questions, they are called merchants of anarchy. Their patriotism is questioned. They are told they are not educated. Change Must Come. Baringo County Govt. Abdi Nasambu

Bonnie Mwangi, CPA, LLM, MBA

10,019 görüntüleme • 3 ay önce

DAVE SMITH: WE HAVE AN UNPRECEDENTED DEBT CRISIS—BUT THEY TELL YOU ELON IS THE PROBLEM!? “The U.S. federal government is the biggest organization in the history of the world. We spend more than any other government in the history of the world has ever spent. We are so far in debt now that the interest on the debt is now, I believe last year it was $1.2 trillion. And it's going up. The interest on the debt is now overtaking the entire budget. If we balanced our budget tomorrow, we still run a trillion-dollar deficit every year just because we owe it on the interest on the debt. This is so obviously a crisis. And then they're trying to convince you that the real crisis is that Elon Musk and a few of his genius nerd buddies want to open the books. How the fuck can you convince anyone of that?” Source: The Joe Rogan Experience, April 3, 2025

DAVE SMITH: WE HAVE AN UNPRECEDENTED DEBT CRISIS—BUT THEY TELL YOU ELON IS THE PROBLEM!? “The U.S. federal government is the biggest organization in the history of the world. We spend more than any other government in the history of the world has ever spent. We are so far in debt now that the interest on the debt is now, I believe last year it was $1.2 trillion. And it's going up. The interest on the debt is now overtaking the entire budget. If we balanced our budget tomorrow, we still run a trillion-dollar deficit every year just because we owe it on the interest on the debt. This is so obviously a crisis. And then they're trying to convince you that the real crisis is that Elon Musk and a few of his genius nerd buddies want to open the books. How the fuck can you convince anyone of that?” Source: The Joe Rogan Experience, April 3, 2025

Mario Nawfal

121,105 görüntüleme • 1 yıl önce

Ray Dalio on currency debasement: “Debt problem is followed by devaluation of the currency. Roosevelt went off the gold standard in 1933, devalued the dollar and moved on. Nixon did the same in 1971. This drives people to other assets. This is the type of time we are in.”

Ray Dalio on currency debasement: “Debt problem is followed by devaluation of the currency. Roosevelt went off the gold standard in 1933, devalued the dollar and moved on. Nixon did the same in 1971. This drives people to other assets. This is the type of time we are in.”

Oguz Erkan

214,179 görüntüleme • 6 ay önce

Yes, we are past the point of no return. When debt service payments squeeze out spending, it is like plaque in the circulatory system squeezing out the flow of blood. It is the same kind of thing, and it can be measured. We are seeing that happen right now. There is also a supply and demand issue. A budget deficit means that debt has to be sold. We can see this happening in the bond market—bonds have been a bad investment, and there is pressure on interest rates and borrowing. This dynamic is happening, but people are treating it like it hasn't happened before. They don't understand that, just like plaque in the arteries, the debt builds up and they have that exposure.

Yes, we are past the point of no return. When debt service payments squeeze out spending, it is like plaque in the circulatory system squeezing out the flow of blood. It is the same kind of thing, and it can be measured. We are seeing that happen right now. There is also a supply and demand issue. A budget deficit means that debt has to be sold. We can see this happening in the bond market—bonds have been a bad investment, and there is pressure on interest rates and borrowing. This dynamic is happening, but people are treating it like it hasn't happened before. They don't understand that, just like plaque in the arteries, the debt builds up and they have that exposure.

Ray Dalio

507,541 görüntüleme • 10 gün önce