@Ytwodeep@kibephenomenal@ianmbunde Our power output has actually exceeded demand for years & yet power gets more expensive even after buying cheap power from Ethiopia.
Kplc has been always cash cow for gava esp elections zikikaribia
@A_I2025@Kalasinga_ "Critical thinking, self loathing" only to conclude that the problem is laziness & corruption.
Corruption exists in all societies but you won't find the major cities of developed nations being dirty, unplanned with dumping of garbage on the streets.
@FarmBastion@BoardLotSultan No he was part & parcel of the heist with his mentor Kirubi & got very wealthy from it.
Classic transfer of public assets to connected private sector cronies
@shobanes@MartinnaMaree On trips with side chics, roaming in parastatals & golf clubs looking for corrupt tenders, doing personal projects with looted money, looking for land to grab.
Just look at parliament attendance records for most motions, mps will do anything but work for their people.
@Ngechu_ Stakes in agri via farmer's choice, telco, banking, insurance is ripping tangu they sold their general insurance business & huge stake in UG's main powerplant that pays dividends in $.
Retained earnings is 45B vs market cap of 30 B & steady annual PAT of 5B
@brain_of_wheat@Honeyfarsafi And who sets the conditions to ensure the voter is always poor, uneducated & hungry? The same brilliant evil politicians.
Just try and do a project or service for the public good as a private citizen & you'll see who they are
@Kalasinga_ The technocrats are as corrupt as they are brilliant. Prof Ndung'u was implicated in the Imperial bank collapse.
You can't serve corrupt people at the highest levels without engaging in corruption.
@amerix But it's the same people who looted the factories via proxies who now come back to 'revive' industries under private ownership.
It's a running scam for govt looters to access govt funding like they've done many times with KQ, rivatex, mumias, Kpcu. It never ends
@WashiraX 1 Major saccos invested in IFBs & bonds at higher interest rates btw 2020-24. Creditor r/ship is superior to investor
2 Infrastructure projects in Ke always have delays, corruption & are unprofitable
3 Risk of sacco funds diversion & govt meddling in sacco leadership
@kasiva_mutisya@WashiraX Bills & bonds are less risky & major saccos invested in IFBs when interest rates were much higher. Not sure the net returns of the partnership will beat 16-18% IFBs & bonds from 2021-24.
Why would saccos give up the superior position of creditor to become partner to the govt
@Kalasinga_ The colonists gave us a blueprint to run this country. Rail to move bulk cargo & people for long distance & an efficient bus system.
Roads are just very good for corruption; tenders, taxes & levies, parastatals with big budgets, political tool & cheap farm produce for brokers
@Kalasinga_ Rail is too efficient for the vested interests in the transport sector. Krc had to be killed in the 80s to allow profiteers to take over with trailers. Same with Kbs & Kenatco, all looted & run down by govt officials who went on to fill the gap at a profit