This is greed and bad move of this Godforsaken administration. Reject such loans. it will be taken, stolen and stashed in suitcases. If 73 billion was collected last year, what has changed? @KeTreasury
The Kenya government has discovered a new trick.
They have been taking money from your salary every month for housing. You did not agree to this. Courts told them to stop. They ignored the courts and kept taking.
Now they have looked at all that money and had a wonderful idea. Why not use it to secure a loan of Sh100 billion? Think about what that means. They are using your money as guarantee to borrow more money. Money that you will also pay back. To build houses that you cannot afford. Using a salary from which they are still deducting. For housing you will never own.
It is a perfect system. For them.
But here is the part that should make every Kenyan worker sit up. This government can feel 2027 approaching. The door is closing. So before they leave they have decided to write cheques on your behalf that will take years to pay. The next government will inherit the debt. The next Kenyan worker will pay it. The current team will be long gone and very comfortable.
This is what happens when people who have nothing to lose make decisions for people who have everything to lose. They are not borrowing against their own futures. They are borrowing against yours.
The houses remain unaffordable. The levy keeps coming. The loan is on its way. And somewhere in a very nice office a press release is being prepared calling this a historic milestone in delivering affordable housing to Kenyans.
Your payslip will tell a different story.
Dismas wa Tabu. Dreaming in installments. Billed in full.
A month ago 500m was nabbed from KPC MD and the PS. We are yet to see the charge sheet and the money was certainly not returned to them. Games of Non rural areas.
@KRACare Kenyans are giving you tips how to catch frauds in entertainment/hotels industry. Mostly high end joints and concerts. Recommended to watch Ozark TV series, you might learn more.
That County Chief Officer ni primitive tu. Look at the house he lives in while he steals 65 million daily. Sharp boys of this town know that once you steal 250 million, you first open a club in a high end estate. Customers is not a must, just have waiters and photographers for social media accounts.
Every day you just take 500,000 to the bank as sales. On weekends, you invite a popular DJ, a popular artist, a member of parliament who doubles as comedian and a popular tailor to the club. Pay them well.
Then Saturday and Monday you bank 7 million each as sales. Within a few months, you have your money in circulation. The club dies after a year and you open another one under a different name in a different location. You steal another 250 million, rinse and repeat.
Muluya naye anaficha ndani ya mattress!!! Kino Kii!
"My innocent son/daughter was killed" 🤭🤭🤭.
Teach them this is not cool, it kills.
You can safely ride a Nganya back home without all this stands by both the driver and passengers. My thoughts are wit the innocent pedestrians @ntsa_kenya
Why do u want all the money today and do nothing with it? Why tie our salaries and taxes on phantom projects? who told u citizens of tomorrow will all need stadia,markets or studio apartments? This is too much.
Housing Levy Locked Forever:
A bold fiscal manoeuvre could lock the controversial housing levy into Kenyan payslips for generations.
Government plans to use the housing levy as loan security to borrow Sh100 billion.
#NTVTonight@MichelleNgele_@Karanja_Ibrah
A levy that was presented as a housing solution is now being transformed into a long-term debt instrument, potentially binding current and future workers to obligations they never consented to. This is exactly how temporary government measures become permanent burdens on citizens.
This nonsense needs to stop
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.
@denniskioko Nairobi’s speed cameras feel less about enforcing road safety and more like a predatory revenue generation scheme. With zero speed limit signs and no speed camera warnings, motorists are forced into pure guesswork driving. It’s a cash trap, not a compliance measure.
@ConradKulo Can't believe people did fall for that psyop by EACC. It's now trending as expected or pushed. Question is why?
250million to 63million nd cameras rolling and story broke by known media personalities was all a set up.
Spiro has secured Sh27.8 billion from investors led by Impact Fund Denmark and Equitane to expand its battery-swapping network, boost local bike production and grow across Africa.
The firm plans to enter DRC and Ethiopia as it scales e-mobility operations.
I’m actually going to be the devil’s advocate today.
1: Maraga is a decent man and I truly believe in him and look up to him a lot.
2:Four distinguished women left his campaign team because of @NetoAgostinhoMP and his series of harassment. Shakira can’t mention his name because of things like defamation and other frustrations victims often go through. I will not even use the word allegedly because it’s facts and the entire team knows. There was a whole hearing for this.
3: You all keep asking insensitive questions because you don’t believe victims if they don’t fit your description of what a perfect victim is. You want perfect victims.
4:Getting Ruto out of power should never come at the cost of women being harassed, silenced and trampled on. These are things that the campaign must address publicly and state their stand.
5: This is not some “kushikwa shikwa “ udaku and tea that you’re all making it to be. It’s a serious issue in politics where women are sexually harassed and abused.
You make Unsubstantiated sexual harassment claim against an individual then turn around to ask @dkmaraga to proof it never happened. What sort of justice is this!
When the only thing you bring on the table is gender card, nobody will cede power for you. Political parties are built by members. participate in the building and demand your equal weight.
Political parties love women though; they love them enough to tick their gender boxes, offer ground mobilization skills, donate their intellect.
Giving women real decision making power is where they draw the line.
You’ve got to do twice the work to get half the recognition our male counterparts get. 🤷🏾♀️
@Hon_Njeri_Maina You are a pro Gachagua MP, today Gachagua and others are doing the heavy lifting kwa ground as you lawn your nails bt when time cumz yu want them to ceede ground for gender nonsense. Hii entitlement unatoa wapi!