After SACCOs, Banks And M-Pesa Are Next As Kenyans Become Guarantors For A Debt Crisis They Never Ate
Kenyans must stop asking why Kenya has not defaulted and start asking who is being prepared to carry the default when the music finally stops.
Ghana was here.
Sri Lanka was here.
Zambia was here.
Argentina was here.
Lebanon was here.
The script is always the same, because a broke government borrows until lenders get tired, taxes until citizens are dry, leans on banks until credit disappears, pushes pain into pensions and domestic savings, then tells the public that sacrifice is needed to save the country.
That is why the SACCO story should scare Kenyans more than they currently seem scared, because SACCO savings are not government money, they are the private sweat of teachers, police officers, nurses, farmers, matatu people, boda riders, mama mbogas, small traders and workers who ran there after banks abandoned them.
In every default story, the government does not stand alone at the edge of the cliff, because it drags citizens there as guarantors through inflation, taxes, currency pain, bank losses, pension restructuring, frozen credit and forced patriotic nonsense dressed up as national recovery.
Banks already formed a comfortable debt circle with government, where lending to Treasury became safer and sweeter than lending to SMEs, which slowly choked biashara, starved the real economy and turned ordinary Kenyans into beggars inside their own banking system.
Now the same government that fed banks with public debt is walking into SACCOs, looking at the last pool of money ordinary Kenyans still controlled after taxes, deductions, mobile money charges, fuel prices, school fees and rent had already eaten their pockets.
The anus cannot be stitched to stop diarrhoea.
A debt crisis cannot be solved by raiding SACCOs, squeezing banks, eyeing M-Pesa, selling public assets and pretending that every desperate grab is an infrastructure plan.
Ghana called it domestic debt exchange.
Sri Lanka called it restructuring.
Argentina called it emergency controls.
Lebanon left people staring at bank balances they could not freely touch.
Kenya will give it a cleaner name, maybe national development, domestic resource mobilisation, infrastructure financing or patriotic investment, but the meaning will be the same.
The citizens are being prepared as guarantors for debts they never ate.
Kenyans are not angry enough, because if they understood where this road ends, they would know SACCOs are not the final target, they are the warning shot before banks, M-Pesa and every private pool of money still breathing outside Treasuryโs hands.
The money is finished.
If thereโs one truth many people may not be ready for, itโs how much damage these two did to Kenya, and continue to
I wonโt even get into all of it today, but itโs important to remember that both of them came to power largely because voters wanted to punish another presidential candidate.
That decision has cost this country dearly, and weโre still living with the consequences. A decision many people will still repeat in 2027๐ถ๐ฟโโ๏ธ๐ถ๐ฟโโ๏ธ
๐ฅ๐ฒ๐น๐๐ฐ๐๐ฎ๐ป๐ ๐ฆ๐น๐ฎ๐๐ด๐ต๐๐ฒ๐ฟโฆ ๐ฎ๐ป๐ฑ ๐๐ต๐ฒ ๐๐ฒ๐๐๐ผ๐ป ๐ค๐๐ฟ๐ฏ๐ฎ๐ป๐ถ ๐๐ฎ๐ ๐ง๐ฎ๐๐ด๐ต๐ ๐ ๐ฒ
For nearly 20 years now, I have personally slaughtered my Qurbani goat with my own hands every Eid-ul-Adha.
But TBH, it has never come naturally to me. I have always carried a deep reluctance to kill any animal.
MY very first time to slaughter an animal was back in 1990 as a teenager, during my first visit to my paternal village in Kiungu, Uganda, when an elderly grandmother handed me a goat to slaughter - a great cultural honour for every visiting male of the bloodline.
Unfortunately I completely froze and the whole village burst into laughter at โthe city boy who couldnโt slaughter a goat.โ ๐
After much persuasion from my uncle Rasheed Xisamo and the old lady herself, I reluctantly agreed to slaughter a chicken instead - while feeling utterly aghast.
One elderly man however defended my dignity by saying:
โLeave this one aloneโฆ he is built to become a doctor.โ
He was right. I became a doctor.
Yet even after medical school,, surgery, blood, hospitals, pathology and postmortems, that discomfort with slaughtering animals never really left me.
Every Eid, I would conveniently let others handle the Qurbani while I remained supportively involved from a safe distance. ๐
Then came 2006 in Johannesburg during my first year of studying pathology fellowship in South Africa - alone with my family.
I was once again planning to simply arrange and pay for someone to slaughter the goat on my behalf - until the Imamโs Eid sermon that morning stopped me in my tracks.
He spoke about Nabii Ibrahim (AS):
โIbrahim would never naturally have wanted to sacrifice his own son. Yet when Allah commanded him, he was prepared to do it with his own hands, without hesitation.โ
His message was that who are we to recoil from Qurbani merely because of blood, dirt, discomfort or squeamishness?
Those words pierced deeply.
That very same day, I went home and performed the sacrifice myself - not because I suddenly overcame my abhorrence of slaughtering, but because I finally deeply understood doing Qurbani with oneโs own hands to be a high act of worship, submission and obedience to Allah.
Ever since that Eid in 2006, I have personally slaughtered my own Qurbani every single year. Now my sons join me too.
Ultimately, Qurbani is not really about slaughter.
Qurbani means sacrifice:
โ๏ธ Sacrifice of comfort.
โ๏ธ Sacrifice of excuses.
โ๏ธ Sacrifice of ego.
โ๏ธ Sacrifice of self.
๐ซ All in submission to the Almighty.
Alhamdulillah ๐คฒ๐พ
#EidMubarak ๐๐
Pep Guardiola is much more than just an unbelievable manager.
He spoke up for the people of Palestine, Sudan and Congo while others looked away.
Pep used his platform to defend our shared humanity. That will never be forgotten. Thank you, Pep.
I am not worried about Kenya in 2022. I am extremely worried for Kenya Post 2022 because a Ruto presidency post 2022 looks like it's inevitable and Ruto isn't someone you'd want to give a country to lead.
KENYAN HUJJAJ ARRIVE SAFELY IN MADINAH FOR HAJJ 2026
The first group of Kenyan hujjaj has safely arrived in Madinah under the leadership of SUPKEM Secretary General Sh. Abdullahi Salat.
Kenya Hajj Mission remains committed to ensuring the welfare of all pilgrims @JamiaTvKenya
This interview with Dangote is pure gold.
One key takeaway that hit me hard (and he said it himself about his top management): โWhen you wake them late at night, they will tell you the process of every part of our business.โ
Thatโs the culture of ownership he built at Dangote Group.
As an entrepreneur, you must know the business inside out.
You canโt sell what you donโt fully understand.
You canโt buy what you havenโt studied.
And you definitely canโt build something you havenโt clearly envisioned.
His top team doesnโt just manage, they own the vision, the numbers, the operations. That level of mastery is why he scaled from trading cement in 1978 to a $45 billion empire across Africa.
No shortcuts.
Deep knowledge + relentless ownership = the real difference between building something big and just running a business.
Every African entrepreneur needs to watch this.
Again he just said
โLuckily for me, we didnโt know what we were building, because if Iโd known, weโd have chickened out.โ
If you know all the details, you wonโt do it. Just start, buddy. Just start
โWeโll leave after Fajrโ
โThe event starts after Dhuhrโ
โWeโll have tea after ASRโ
โMaghreb masjid fulan kusotukoโ
I love how Somalis align their plan with timings of the prayersโค๏ธ
Youโre endorsing a judge for the ICC spot in a statehouse where the residing president was a key chief ICC suspect in 2007-2008 deaths and violence with alleged tampering with witnesses the likes of Yebei.
This world is a funny place!
Isnโt it baffling that in Kenya, those who risk their lives daily, doctors and nurses, have poorer medical cover than all other civil servants? The very people exposed to infections and hazards are left most vulnerable. We must do better.