Steve katingima

The call ; Do right | Love Mercy | Walk humbly

[Nelson Amenya @amenya_nelson]

G-2-G debunked by Museveni

[Steve katingima @katingima]

Ponder and reflect

[Steve katingima @katingima]

"An old education rarely fits a new opportunity" MJ Demarco

Stay Curious, ask questions, keep learning

[Gichuki Kahome @kahome_steve]

The dollar is weakening and global markets are shifting.

Standard Chartered’s H2 2025 Outlook reveals where the biggest investment opportunities lie in this new cycle of policy easing, soft landings, and fading dollar strength.

🧵 Here's what every investor should know:👇����

[Steve katingima @katingima]

Do you remember when you joined X? I do! #MyXAnniversary

[Steve katingima @katingima]

Kenya’s domestic debt? Up 24.6% in 20 months to KSh 6,021.48B—38–40% of GDP! But dig into the unit economics: KSh 108,000 ($830) per person vs. $2,200–$2,400 GDP per capita for 56M folks. Yikes—can we borrow for growth without breaking the bank? #KenyaEconomy #DebtSustainability #FiscalPolicy

[Steve katingima @katingima]

@Ella1776Ann @DrJohnAfam Africa doesn't need Bill, keep him to yourselves

[SokoAnalyst @SokoAnalyst]

Can we camp here and have a discussion? Why aren't we taught about mining?

[ALLAN NYASH @AllanNyash]

Content imeenda shule 🫡

[The Kenyan Bull @TheKenyanBull]

GoK is learning the hard way that Kenya has an income problem and not a housing problem. The housing levy only exacerbates this by cutting disposable incomes.

[Edwin H. Dande @ehdande]

#CytonnReport: Banks not lending to the real economy…

1. Only Stanchart has lent to the real economy, but even then not strongly.

2. Stanbic was the meanest with loans, but also led the pile up on government paper. Seems to be seeing a lot of trouble in the real economy.

3. HF seems to have discovered that govt paper has better risk adjusted returns than mortgages… piled up on government paper.

4. Absa exited both lending to the economy and to government, not sure where they are putting cash.

5. KCB was an interesting one… it’s stayed put, not lending to anyone, not exiting either, they stayed put.

[Mwangi Kirubi @mwarv]

The government is radicalising us - one tax, one decision, one 'we don't care what you think' at a time.

[Sam Gichuru ❤️ @SamGichuru]

Today, I realized that the title you hold in life means little if people know you obtained it through manipulation, dishonesty, or unearned tactics.

Without merit, the respect associated with that title will be elusive, or you’ll have to work a hundred times harder to truly earn it.

[Millan @Oliat_]

Kenya needs new parliamentarians
Kenya needs new senators
Kenya needs a new president
Kenya needs a new deputy president
Kenya needs a new Chief Justice
Kenya needs a new deputy Chief Justice
Kenya needs a new US Ambassador
Kenya needs....

[ephraimnjegafan @ephraimnjegafan]

This Adani KETRACO deal leaves many questions to be answered. The more I think about it, the more I wonder if we have gone mad as a country. That someone has even concocted such a deal amounts to a grave insult to our intelligence. I was shocked to hear the president say that the deal would lead to a cheaper cost of power. I will address that later in the post.

Adani is constructing three transmission lines namely 96km, 220kV Ronga-Keringet-Chemosit, 206 km 400 kV Gilgil-Thika-Malaa-Konza and 70 km 132 kV Menengai-Ol Kalou-Rumuruti. The total distance of these lines is 372 km. The total cost is KSh 96 billion. Two substations will also be constructed in Rongai and Thurdibuoro.

According to KETRACO these are the costs for the bipolar 500 kV HVDC Ethiopia-Kenya transmission line; "The 612km transmission line in Kenya has been broken into Lots 4, 5 and 6 whose tenders were respectively awarded to KEC International Ltd-India, Larsen and Toubro Limited Power Transmission and Distribution and Kalpataru Power Transmission Ltd, India at a total cost of USD 140 Million." -Sources KETRACO website.

So a 612 km transmission line cost USD 140 million but 372 km of lower specs transmission lines will cost us USD 737 million (initial cost in March 2024 was USD 1.014 billion). Regime defenders will talk about inflation but how much inflation has happened since Nov 2022 when this line was completed? Has the cost of goods risen by 7 times in two years?

To look at it another way. The total KETRACO transmission network as of June 2023 was 5,476 km. The historical cost of the network including work in progress is KSh 205 billion translating to KSh 37 million per km. Adani is doing 372 km at KSh 96 billion translating to KSh 258 million per km. Does this make sense?

KETRACO masterplan till 2042 proposes to construct 11,131 km of transmission lines at a cost of $4.778 billion (KSh 621 billion at the current exchange rate KSh 130/dollar) translating to KSh 56 million per km. Adani's initial quote translated to KSh 354 million per km which is 6 times what KETRACO had estimated in the Masterplan. If this is not madness tell me what is?

According to KETRACO press release, in March Adani had quoted $1.014 billion and then reduced it to $737 million in August 2024. This is a reduction of $278 million (KSh 36 billion) or 27%. If this is not evidence of cost inflation what is? KSh 36 billion is a very huge amount of money. It cannot be overquoted by mistake and reduced "following negotiations" as per KETRACO.

KETRACO says the annual revenue requirement for the deal is $164 million. At an exchange rate of KSh 130/dollar, this translates to KSh 21.32 billion per year. Which adds up to KSh 640 billion for the 30 years Adani will be running the lines.

Remember earlier in the post we needed KSh 621 billion to construct 11,131 km of transmission lines till 2042. So we are paying a higher amount to construct 372 km of lines than will cost us to construct 11,131 km of lines. These are the deals Magufuli once said can only be signed by mad people.

Let us go back to the president's claim that the deal will lead to a cheaper cost of power. The 372 km Adani lines are just 6.8% of the 5,476 km of transmission lines KETRACO had in June 2023. The claims by KETRACO that the Adani project will lower power losses and result in tariff reduction are nonsensical. What impact can an additional 7% of lines have?

Between 2019 and 2023 KETRACO increased its network by 3,438 km representing a growth of 59%. Did that lower the cost of power? What is so special about the Adani lines? Are they magic lines? If the Adani deal annual revenue requirements amounts to KSh 21 billion per year it means that the cost of power will rise by about KSh 2 per unit. How can this reduce the cost of power?

[Ian Mbugua @IanMbugua]

There has never been a more important time to be an active citizen than now 🙌🏾🙌🏾🙌🏾
Use this tool to send your petition directly to parliament 🇰🇪

https://t.co/t5KMSaa8sf

[Steve katingima @katingima]

Traffic was an extreme sport....still is in some corners of this cirri

[Mwangi Kirubi @mwarv]

The most obvious change has been the Expressway that cut through the heart of the city, bringing down trees, flowers and a lot of beauty with it.

When word of its pending construction was made public, I went out to document Uhuru Highway for memory’s sake in 2019.

[Sam Gichuru ❤️ @SamGichuru]

Gachagua may have committed other crimes we are unaware of, but from the chaotic impeachment process, they failed to prove him guilty of anything beyond their personal dislike for him.

This highlights a troubling reality in Kenya: justice no longer seems to matter. You can be declared guilty even without concrete evidence against you.

You may laugh at Gachagua or feel like you've won, but in truth, you've lost something much greater—the hope that justice will ever truly be served if you ever find yourself in a similar situation.

[Sam Gichuru ❤️ @SamGichuru]

It’s confusing to see such a well-structured process mean absolutely nothing in terms of the outcome.

We have a serious shortage of honest men and women in leadership in this country.

I’m not a Gachagua fan, but that was an injustice.

[Steve katingima @katingima]

@SamGichuru I totally agree, a sham and high injustice