@kanyierick3 @amerix The purpose of business is to solve societal problems.
Then society will reward you with money for the risk you have taken.
Look for the pain/ hunger they have.
And then provide solution to that problem.
But for it to be profitable. The problem must be affecting many people.
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.
If I had any money sitting in a SACCO right now, I would rather withdraw it and keep it where Treasury cannot start calling my private sacrifice infrastructure financing.
@LekdyangIII@ZenjiSimon It's a ploy by the government to use Luo's to extract donor funding. Btw Naivasha and Homabay which would you say has highest prostitution rate.
There is a clip I have watched on TikTok of a man asking Ruto to publicly present George Ruto his son to be killed and be compensated 2 million shillings. Eeey!
@jmuragengunjiri Prophet Dr.Owuor never called God via a phone or anything like that. That was a creation of social media retards they invented it to pleasure themselves. Nganga probably wants some minutes of fame because his church is for entertaining retards.
Many people have recently seen me deep in electronics and gadgets and probably forgot
At @NextLevel__Mktg , we’ve spent years helping brands grow in hospitality.
From airlines to hotels to halal restaurants we’ve created content, built communities and delivered results.
We’re now looking for more ambitious brands to work with. Kindly retweet my next client might be on your timeline.
Kenyans have lost more than 7% of their earnings since August 2022 due to higher deductions.
For a person earning Sh100,000:
— Take-home pay before August 2022: Sh75,777
— Take-home pay today: Sh70,442
— Difference (lost): Sh5,335 per month
@Broadbasedgal You can explain all you want but the real effect of over taxation is felt by households when their disposable income can no longer sustain them.
Ruto and his cronies will meet the electorate at the ballot box.