~Kaphira

economics, history, everything in between.

[~Kaphira @LKaphira]

Pleased to share my latest for @theelephantinfo . In this article I trace the history of privatization since the '90's and juxtapose the lessons learnt with the latest round of privatization.

[The Elephant @theelephantinfo]

LEWIS-MILLER KAPHIRA - Privatization 3.0: A Silver-Lining or the Return of Old Ghosts? @LKaphira
https://t.co/WvwFr4QtDW

[~Kaphira @LKaphira]

@Mukiteee @harrysreup Fada Lawd I see what you are doing for my mooties.

Forget me not.

[~Kaphira @LKaphira]

*Fy24/25

[~Kaphira @LKaphira]

Consider, Fy24/24 budget was ~3.8T,

Revenue collection for Fy24/24 was ~ 2.32 T,

(~72,% (1.6 T) went to debt repayment )

Deficit was ~700B,

To plug the deficit; either borrow (locally or abroad) or tax more..

Gok really btwn the wall and the deep blue sea.

[The Butcher @inglorious_bat]

Kibaki had a plan like this. Stop GOK from domestic borrowing and only borrow foreign. This should naturally reduce the interest rate as GOK is the single largest local borrower. Force banks to go to real people at reduced rates

[~Kaphira @LKaphira]

Boy oh boy, here we go again.

From @IEAKenya 's 52 Economic Fallacies;

[Dr.Ochieng'. @kisumo_ja]

Between this devolution and the former eight provinces which one is better?

My take; heri the former provinces;this devolution shit has just devolved corruption, increased the number of employees hence skyrocketing the wage bill with little to no service provision for the people

[Troy Onyango @TroyOnyango]

binyavanga wainaina while declining an award

[~Kaphira @LKaphira]

@Dorphan_age here's a rebuttal to the debate we had at Frank's.

[The Elephant @theelephantinfo]

LEWIS-MILLER KAPHIRA - Privatization 3.0: A Silver-Lining or the Return of Old Ghosts? @LKaphira
https://t.co/WvwFr4QtDW

[The Elephant @theelephantinfo]

KEITH ANG'ANA - From Student Airlifts to Slave Exports: Kenya’s Economic Decay #FulizaRepublic @AnganaKeith
https://t.co/8GrkqcDUFX

[~Kaphira @LKaphira]

@CuchulainKE @Mukiteee Thanks!

Will revert when I get to it!

[~Kaphira @LKaphira]

Oi Econ bros @Mukiteee , @CuchulainKE following?

[Bunge La Mayut- Kenya @BungeLaMayut]

Just days after William Ruto appointed the 7-member Governing Council for the National Infrastructure Fund (NIF), the Council has today kicked off the process of recruiting the men and women who will form the NIF Board.

Today, Big Picture Team (@AfUncensored) break it all down: What is the National Infrastructure Fund? What does it do? Who runs it? And most importantly how do we, as Kenyans, keep an eye on it?

https://t.co/T2b4qL4vKR

[~Kaphira @LKaphira]

@CuchulainKE @Mukiteee I actually joined in online, but quite, quite late. Missed a huge chunk of it.

[~Kaphira @LKaphira]

@CuchulainKE @Mukiteee Waiting for the debrief...

[~Kaphira @LKaphira]

@Mukiteee @CuchulainKE Aah, Wacha atatubrief Basi. Couldn't make it there, tuned in late.

[~Kaphira @LKaphira]

@Mukiteee @CuchulainKE 👍

[Steff Ndei @wa_ndei]

Emancipate yourselves from the “government should invest” mindset. Especially in sports. First, there is no such thing as “government funded” but taxpayer funded. Second, the sports sector should create value for the private sector to invest in it.

[Sam 🇨🇦 🔰 @sam_ess604]

>be econ student but not braindead
>read Das Kapital
>realize marx spotted a real problem but aimed at the wrong target
>workers vs capital wasn’t the full picture
>land quietly siphoning everything in the background

>learn Georgism
>oh
>rent isn’t just "paying a landlord"
>it’s economic rent
>unearned value from location, infrastructure, society itself

>city grows
>nothing changes about the dirt
>land price doubles anyway
>owner gets rich doing literally nothing

>wages go up?
>land rent goes up faster
>productivity gains?
>capitalized into land prices
>UBI?
>lol landlords already priced it in

>argue about capitalism vs socialism online
>meanwhile both ignore the same leak in the system

>private sector builds stuff
>public sector builds infrastructure
>landowners capture both

>see rent control debate
>price ceiling on symptoms
>ignore the asset bubble underneath
>construction slows
>everyone acts surprised

>hear "greedy corporations"
>check balance sheets
>most profits normal
>check land values
>oh

>understand why cities like Vancouver feel impossible
>it’s not just wages
>it’s not just policy
>it’s land absorbing everything

>realize taxation isn’t the issue
>what you tax is

>tax labour?
>you punish production
>tax capital?
>you slow investment
>tax land?
>you can’t move it
>you can’t hide it
>you don’t reduce supply

>land value tax clicks
>capture the unearned
>leave wages and production alone

>housing gets cheaper to hold
>speculation dies
>building actually makes sense again

>stop arguing ideology
>start closing the rent-seeking loop

[~Kaphira @LKaphira]

Eeih-eeih-eeih CEO!

[The Elephant @theelephantinfo]

KEITH ANG'ANA - From Student Airlifts to Slave Exports: Kenya’s Economic Decay #FulizaRepublic @AnganaKeith
https://t.co/8GrkqcDUFX

[~Kaphira @LKaphira]

@AdhiamboKE Will do!

[~Kaphira @LKaphira]

Amazing?

The one that ran losses for nearly six consecutive years? What am I missing?

[Nyar Owuor @AdhiamboKE]

@sholard_mancity Kenya used to have an amazing oil refinery. The SAPs, that adverse, dangerous neo-colonial invasion by infiltration programme helped dismantle it. We would need more than oil refineries: we would need some guts, a philosophy for our future, and a desire to realise and protect it.

[~Kaphira @LKaphira]

@Mukiteee Wait, wait! You went to Westie later too? Jealousss!

[~Kaphira @LKaphira]

@CuchulainKE 😭Mukitee actually remarked, "Sembs misses the lit days. He's only around for the 'normal' days,"