Affordable housing cannot become a cover for land grabbing.
The Auditor General has flagged projects built on public and community land without proper ownership records, legal processes, or public participation. Kenyans deserve answers.
I have formally demanded a Senate inquiry. Public land is not for plunder. Accountability must come before construction. #StopLandGrabbing #ReKe
Was literally telling my sister this the other day... they could operate a hospital in international waters on a vesel. They could set up a hospital in the Antarctica.
They could up the drama game by setting up a hospital in space.... but they chose Kenya because of WSR
Things are not looking good!
Kasongo anataka kufinance lifestyle yake even after leaving office.
He's mortgaging your future salary by borrowing 100B & using housing levy as Collateral
Damage anafanya itatake decades to recover from & jailing him won't be enough.
BREAKING: The William Ruto govt is about to pull one of the most selfish financial tricks of his presidency.
A move designed not just to collect the Housing Levy.
But to make sure Kenyans keep paying it for years to come, and no other president in the near future removes it. (Securitization)
Here's the plan.
His government, according to NTV, plans to borrow about KSh150 billion from local and international banks.
The security?
YOUR future Housing Levy payments. So they want to go collect 150 billion and use future housing levy payments as security. (securitization)
This means that if the next government removes the housing levy, Kenya will default on the loan taken by the Ruto government.
Let that sink in.
The government gets KSh150 billion immediately this year.
The money is spent immediately.
But Kenyans remain trapped paying the levy for years afterwards.
This is not an accident.
This is the whole point.
Opposition leaders have repeatedly promised to abolish the Housing Levy.
So what does Ruto's government do?
It moves to tie the levy to a massive loan so that future governments will find it far harder to remove.
In short:
The cash stays with Ruto's administration; they get it and use it before elections.
The bill stays with Kenyans for years
The burden is pushed into the future.
And if the loan is backed by many years of future levy collections, millions of Kenyans could find themselves paying 20 yrs later for a decision long after this government is gone.
That is why this is so selfish.
I warned earlier this year that the new Ruto levies were not just about raising money.
They were about creating assets that could be used to secure more borrowing.
Now we are seeing exactly why.
The question every Kenyan should ask is this:
This is completely evil. We reject all attempts to securitize the Housing Levy.
It didn't take the collapse of more than 10 buildings in Nairobi for him to act.
It didn't take the loss of lives, loss of livelihood and injuries for him to act.
It took the bursting of his corrupt friend with cash money for him to act.
Until another tragedy, Sakaja will not proactively act to prevent disaster in the urban planning of Nairobi.
Ok. Here is what every Kenyan knows. For the US to set up an US Ebola quarantine clinic in Kenya, a lot of corrupt money exchanged hands. There is no debate there. That he proudly says the Americans have a huge military contingent in Kenya without even a hint of reflexivity, now that should worry us all. Plus a quick literary analysis - the delight in lying - look me in the eye with a sly smile on his face. As Fela said, "Who No Know Go Know."
Kenya's cabinet secretary for health is asking for USD 20 million (KSh2.6 billion) to prepare for the first 100 Ebola cases.
Which Ebola cases? From where?
Ebola Billionaires.
A President so terrible that PP2 kids are mocking and terrifying a fellow kid named after him... Do you know how terrible you have to be to reach that level? 🤔🤔