Didmus Barasa is likely to be the next governor of Bungoma, not because he's competent, but because Bungoma is among the counties with some of the most illiterate and politically uninformed people in Kenya. Many Bukusus love money and free alcohol, and Barasa is good at handing them out.
Jimmy wanjigi was right. When the government,this government, runs out of avenues to borrow from,they will then come for our deposits. Now they want to start with SACCOs,next is the banks. Then MPesa. Ruto the man you refer to as a Strategist,has led us to hell
@DCI_Kenya@NPSOfficial_KE@PoliceKE Frequent crime on General Mathenge Road. 1 bodaboda - KMDN 266S. You are focused finding citizens demanding accountability rather than target real criminals in gava.
Read a bit about what happened in Lebanon and how it crashed.
It started exactly like this.
Govt should have zero, and I mean zero influence on savings, other than providing safe guard mechanisms.
Saccos itabaki empty. Nmesoma hio bill Ni poa but hii gava siezi trust Na dooh. Mismanagement and reckless theft. Yaani kuiba tu.
More than 60% of the people will walk out. Unless Sasra does something.
We have Sasra, why do we need more complications zingine?
I am already receiving reports from a certain SACCOs where members are making huge withdrawals through mobile apps, and this is exactly the kind of panic everyone warned about once government started sniffing around SACCO savings.
When government starts pulling SACCO money into infrastructure, small businesses will feel the pain first, because SACCOs are the last credit corner left for ordinary Kenyans who were already locked out, ignored or punished by banks after government started competing through internal debt.
Kenyans who lived through Kibaki’s time remember an economy where businesses were breathing, banks were chasing customers with tents outside branches, and ordinary people were being begged to take loans.
Let Ruto accept he has lost it, we default and he resigns then we investigate these odious debts.
No matter the tricks, the diarrhoea will explode.
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 Treasury’s hands.
The money is finished.