Kenya's government plans to use more than Sh1 trillion held by SACCOs to help finance major development projects through the National Infrastructure Fund.
The move is set to be backed by the new Cooperatives Bill.
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.
Japanese student, Rio Nakagawa, visited Nairobi and fell in love with Congolese music. He decided to travel to Kinshasa and later on started a band named Yoko Choc Nippon in Japan.
Ruto was in Dubai yesterday
His daughter was graduating with a degree in interior design from Heriot- Watt University
The fee there is 1.2 M per sem. They have distinctively 3 branches. In Uk, Dubai and Malaysia
Let me work hard my son pia asome prestigious school
Actually, she runs our consulate there. Yeye and Hussein Mohamed’s second wife
Yes, Hussein, formerly royal media and current State house spokes person
His bodyguard shot a man dead over bet ya pool game and nothing has happened. Nothing will happen
Hapo ndio kenya imefika
Frame two is called Hilary Kibiwott, from Baringo. Boda rider
Masters in Commerce.
You see, it is very easy to get masters in Kamasutra, journalism, goonism, catering, administration,
But in commerce, you have to be adept in Math, grammar and have social acuity
He is not alone
Statistics reveal that in every 50 boda riders, 7 are masters holders
Not Diploma. Not Degree… Masters!
Mr President we are not asking for much
You campaigned on hustler nyef nyef and creating job opportunities
Shipping us to be slaves in Asia is not what we bargained for
Putting Kasmuel , Alionya, Oguda , Morara and co on 50k a month salary is not what we bargained for
Hosting Wakorino and illiterate MCAs in State house every week is not what we bargained for
Siasa ya kupanda sun roofs while spewing lies is not what we bargained for
Unavaa custom made watch ya Patel Philippe worth 31M dollars
So reviving kikomi, Store pamba and Aror Dam sio shida
Bro, wantam chants are not hate. They are a testament of our frustrations
Ukicheza, we will make it a reality August 2027
Learn to listen. Bye 🫶
¡MESSI ENTENDIÓ TODO!
Tras el silbatazo final del partido de Argentina y Cabo Verde en la Copa del Mundo.
Lionel Messi se alejó de todos sus compañeros para ir directamente con los jugadores de Cabo Verde, les dió la mano a cada uno, hasta abrazos de consolación. Dejando la rivalidad de lado.
Ese saludo con Vozinha, quien con 40 años está jugando su primera Copa del Mundo lo dice todo. Leo tiene 39 años y está en su sexto mundial. Para algunos será una obligación estar en una Copa del Mundo como Messi. Para otros como Vozinha, solo ocurre una vez en la vida. Prefirió estar con sus rivales antes que celebrar la clasificación.
UN GESTO DE HUMILDAD DEL GOAT.
🚨🗣 Vozinha on Lionel Messi:
"When I am an old man, I will tell my Grandchildren bedtime stories about how their Grandfather played against the greatest player of all time" 🇦🇷🇨🇻
Atención a estas declaraciones que brindó Vozinha sobre Messi:
“Me acerqué a él, y ni siquiera tuve tiempo de decir mucho, cuando él me abrazó directamente y dijo: 'Buen trabajo. Sos un arquero increíble. Tu gente debe estar muy orgullosa de ti.' Escuchar eso de alguien como Leo significa mucho para mí.
Le di las gracias y respondí: 'Gracias, Leo. Tú eres el mejor.' Luego le pedí su camiseta del partido, él sonrió y dijo: 'Por supuesto. Te la daré en el túnel de vestuarios.' Momentos como este los recordaré toda la vida."
🚨BREAKING NEWS:
Lionel Messi has donated $5 million & sent three private planes filled with various medical supplies to the earthquake victims in Venezuela.
A great human being both on and off the field.
This is Ngina Kenyatta, daughter of former President Uhuru Kenyatta, who served as president for nearly a decade.
Her grandfather, Jomo Kenyatta, held the presidency for 14 years.
Yet you will never hear her advising Kenyans on how she started out selling smokies, nor does she operate any social media pages.