Have you watched that Al jazeera documentary exposing how safaricom is selling private citizens data with government even without a warrant signed by the judge. Safaricom!
Ndindi Nyoro is one of the smartest guys we have in terms of finance here in Kenya. He said something that really stuck with me.
“If a bank gives you a Ksh 10M loan, are you buying land, building rentals, or investing?”
He says a smart move is investing first.
Put the money in low risk options like Treasury bonds. At around 13% yearly, that’s about Ksh 1.3M.
Use part of the returns to repay the loan.
Use the rest to support your life.
Your money is working for you while you still own the asset.
Land appreciation takes time , Rentals take effort, repairs, and patience and the ROI is not always worth the stress.
There are also higher risk higher rewards options like stocks and crypto, but the key lesson is simple:
Don’t rush to lock money in assets that don’t move , Learn how money works before you spend it.
Remember the Lotikipi aquifer in Turkana can supply water to each Kenyan, for 70 years.
But we won't touch the water, not because it's saline as they claimed, but because the British crown, through an organisation called, the IDLO, won't let us.
We're a colony to date.
Ksh145b ($1.13b) means Talanta Stadium will end up costing more than:
1. New Everton stadium ($1.08b)
2. Lusail Stadium Qatar ($767m)
3. Stade Hassan II ($500m) in Morocco (upcoming biggest football stadium with 115,000 seats)
4. Every Qatar stadium for the 2022 World Cup
The debt Moi handed to Kibaki: 600 billion.
600 billion in 40 years.
The debt Kibaki handed Uhuru: 1.8 trillion.
Kibaki borrowed 1.2 trillion in 10 years.
The debt Uhuru handed Ruto: 8.5 trillion.
Uhuru borrowed 7.3 trillion in 10 years!
Legally, Uhuru was allowed to borrow only 2 trillion, but he borrowed an extra 5.3 trillion ILLEGALLY.
By the time Uhuru left, we had paid 7 trillion according to an independent and verifiable forensic audit.
We paid the legal 2 trillion, and also paid Uhuru's illegal debt of 5 trillion.
Therefore, our balance was 1.5 trillion in 2022.
However, the debt has continued to skyrocket, rising from 8.5 trillion to 12 trillion.
This begs the question, who is pocketing our money?
Why is the parliament not summoning Uhuru to explain this blatant constitutional violation?
Why is Ruto not being put to task by parliament on why he continues to abet this illegal repayment?
Why are we paying a debt that doesn't exist?
Today, for every 100 shillings we collect as revenue, 96 shillings is repaying this debt.
A debt that doesn't exist, builds nothing, and gives zero return on investment.
We are only left with 4 shillings to pay civil servants, run the government, and build infrastructure.
We are in chains.
Our children deserve to be told the truth.
We can't hand the country to them that is in debt, in shambles and in chains.
This madness must stop!
Have you noticed how every time we raise serious, national issues, the response is always tribal or regional deflection? That’s the outdated playbook they keep using to dodge accountability. This brand of politics has held us back for decades, it’s time we bury it for good!
Footage recovered from the killer convoy of Ruto. They tried denying and covering that the car was not in the convoy but here is the evidence on camera!
#77NiNumbers
Holding a press conference to lecture us about second liberation while the government he is in bed with is literally shedding blood of innocent Kenyans while he is on air.
@RailaOdinga you are a disgrace to your own legacy.