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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... show more

Ndindi Nyoro

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22,711 просмотров • 5 месяцев назад •via X (Twitter)

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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 просмотров • 2 месяцев назад

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 просмотров • 11 месяцев назад

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 просмотров • 7 месяцев назад

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 August, the ordinary revenues (taxes) collected was Ksh 157Bn. In the same Month, Ksh 120Bn went into payment of interest rates. 76% of revenues went into interest rate repayment. All these excludes Debt backed by revenues like Securitisation, Talanta Bond or PPPs. Jioni njema Wadosi. We are African and Africa is our Business.

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 August, the ordinary revenues (taxes) collected was Ksh 157Bn. In the same Month, Ksh 120Bn went into payment of interest rates. 76% of revenues went into interest rate repayment. All these excludes Debt backed by revenues like Securitisation, Talanta Bond or PPPs. Jioni njema Wadosi. We are African and Africa is our Business.

Ndindi Nyoro

30,470 просмотров • 10 месяцев назад

Kenya is borrowing Ksh1.25 trillion annually. The money Kibaki borrowed in 10 years we are borrowing every year - Ndindi Nyoro

Kenya is borrowing Ksh1.25 trillion annually. The money Kibaki borrowed in 10 years we are borrowing every year - Ndindi Nyoro

Kenyans.co.ke

28,505 просмотров • 8 месяцев назад

Kenya has borrowed close to Ksh 4Trillion from August 2022. This is NET borrowing only. It doesn't include what is borrowed to pay previous loans. This is a slippery path that can only weaken our Economy if we don't change course. Below what that money can do; We are African and Africa is our Business..

Kenya has borrowed close to Ksh 4Trillion from August 2022. This is NET borrowing only. It doesn't include what is borrowed to pay previous loans. This is a slippery path that can only weaken our Economy if we don't change course. Below what that money can do; We are African and Africa is our Business..

Ndindi Nyoro

48,252 просмотров • 7 месяцев назад

Ndindi Nyoro: In 2022, our debt was Ksh.8.7T, now we are talking about approximately Ksh13T. Kenya is borrowing Ksh.4B everyday on net basis. We have now borrowed over Ksh.4T in under 4yrs. We must do something about that #CitizenTonight

Ndindi Nyoro: In 2022, our debt was Ksh.8.7T, now we are talking about approximately Ksh13T. Kenya is borrowing Ksh.4B everyday on net basis. We have now borrowed over Ksh.4T in under 4yrs. We must do something about that #CitizenTonight

Citizen TV Kenya

12,670 просмотров • 2 месяцев назад

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 просмотров • 9 месяцев назад

Kenyans should know that Ksh5 trillion is not coming from minerals or taxes, it is an illegal borrowing we want to do outside the normal borrowing - Ndindi Nyoro

Kenyans should know that Ksh5 trillion is not coming from minerals or taxes, it is an illegal borrowing we want to do outside the normal borrowing - Ndindi Nyoro

Kenyans.co.ke

46,517 просмотров • 5 месяцев назад

Here is MP Robert Mbui speaking in Parliament on the National Infrastructure Bill. He warns that the proposed fund could allow borrowing of up to KSh 5 trillion more. After heavy taxation. After rising debt. Now a new structure emerges. If this fund is designed to expand borrowing under a new name, we must reject it, not out of politics, but out of responsibility to future generations.

Here is MP Robert Mbui speaking in Parliament on the National Infrastructure Bill. He warns that the proposed fund could allow borrowing of up to KSh 5 trillion more. After heavy taxation. After rising debt. Now a new structure emerges. If this fund is designed to expand borrowing under a new name, we must reject it, not out of politics, but out of responsibility to future generations.

Sholla Ard 🇰🇪

14,322 просмотров • 5 месяцев назад

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 просмотров • 1 год назад

🚨 With over $31 TRILLION in federal debt, today is the day the U.S. hits our borrowing limit. Now here's what we need to do to pay it back responsibly: - Balance the budget. - Rein in reckless spending. Families do it. Why can't Washington?

🚨 With over $31 TRILLION in federal debt, today is the day the U.S. hits our borrowing limit. Now here's what we need to do to pay it back responsibly: - Balance the budget. - Rein in reckless spending. Families do it. Why can't Washington?

Rick Scott

384,515 просмотров • 3 лет назад

"America is well in debt, the British are well in debt, even the Chinese are borrowing. If this country is going to every market that is open to borrow to invest in its future and we're getting that money, which means we are creditworthy." - Ismail Ahmed.

"America is well in debt, the British are well in debt, even the Chinese are borrowing. If this country is going to every market that is open to borrow to invest in its future and we're getting that money, which means we are creditworthy." - Ismail Ahmed.

Imran Muhammad

37,493 просмотров • 1 год назад

Rachel Reeves is dangerously delusional. She's borrowing more and more money to pay off the debts that we already have, while still spending huge sums on benefits and Net Zero. And as ever, it will be hard-working people that are forced to pick up the tab.

Rachel Reeves is dangerously delusional. She's borrowing more and more money to pay off the debts that we already have, while still spending huge sums on benefits and Net Zero. And as ever, it will be hard-working people that are forced to pick up the tab.

Katie Lam

67,048 просмотров • 4 месяцев назад

I warned us,Odious debt is biting Kenya very hard. Borrowing for paying of wages and allowances is criminal as per the law. We must audit our debt and Stop the payment of odious debt!

I warned us,Odious debt is biting Kenya very hard. Borrowing for paying of wages and allowances is criminal as per the law. We must audit our debt and Stop the payment of odious debt!

Jimi Wanjigi

43,761 просмотров • 2 месяцев назад

We’re proud to introduce the next evolution of the Upstart brand. This refresh reflects more than a new design system. It reflects a renewed commitment to our mission: radically reducing the cost and complexity of borrowing for all Americans. From our visual identity to the way we express our products and purpose, every part of the new brand is designed to make borrowing more supportive, more human, and more empowering. Because borrowing isn’t just about cash—it’s about money for the moments that matter.

Upstart

11,717 просмотров • 4 месяцев назад

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 просмотров • 8 месяцев назад

Rand Paul: "If they're asking to borrow $5 trillion, that is the example -- $5 trillion in borrowing means they are not restraining spending. That's the ultimate summation of all these numbers."

Rand Paul: "If they're asking to borrow $5 trillion, that is the example -- $5 trillion in borrowing means they are not restraining spending. That's the ultimate summation of all these numbers."

Aaron Rupar

30,850 просмотров • 1 год назад

What the Fund is all about. We are African and Africa is our Business..

What the Fund is all about. We are African and Africa is our Business..

Ndindi Nyoro

18,456 просмотров • 7 месяцев назад

The wait is over! 🚀 We are thrilled to announce the highly anticipated launch of Commodo, a game-changing lending and borrowing platform on the Comdex chain. Try now:

The wait is over! 🚀 We are thrilled to announce the highly anticipated launch of Commodo, a game-changing lending and borrowing platform on the Comdex chain. Try now:

Commodo

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