@kiruti Dividends needs to be paid but would be great if they could retain a bit and create a serious PE fund investing in ICT/agri/energy/manufacturing companies across the region. Serious "Dangote" level business. That's maybe the only feasible use for the excess capital given.
@moneyacademyKE @AnalystConflict Does this take into account the impact of currency depreciation. Not that it should matter too much but it could be misleading of it doesn't account for it.
@lel718@DavidNdii Taxing kenyas to the brink to support a wasteful government also has the same effect if not much worse. With time the KK government will be forced to follow what MOI did in the 90s. But by then they will have destroyed the private sector leaving no hope of an economic recovery.
@RobertAlai The cost of paying the salaries of these officers + allowances will be significantly much more than what they will collect. We don't have a revenue problem on Kenya what we have is an expenditure problem that gets worse by hiring additional bureaucrats
@KKamundia What about unintended effects ... For the employers paying the additional 3% for no gain on their end would be likely to retrench . There is no free lunch every action has a consequence.
@reubenmuhindi https://t.co/sVufeTMaJq
This was has been tried and always ended in failure. In France over 10,000 rich people left. Unfortunately mama mboga will have not the resources to leave when it inevitably targets them. Nothing new just a failed experiment
@EvanrithX@Gidikim Kenya has a border with Somalia so minimal logistical challenges. We don't share a border with DRC.
I hope you took Geography in high school
@Gidikim Really concerned with the logistics of how KDF can undertake this mission. The initial troops sent would only be lightly equipped.
Heavy equipment and supplies would need to transit by road through Uganda and then DRC. Interdiction of supplies would make KDF sitting ducks
@jamessmat In the US personal income tax of is payable once you start earning $ 9,876 in the UK the lowest band is Β£12,500. However in Kenyans start paying income tax from $ 240 a month.
The government spokesman is terribly misinformed