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Finance and Economics

[alpha @kibet_jay]

@aziz_mire This isn't ruto bringing dangote here, he's already here with different ventures in different industries.. it's the Kenyan economy, human capital and capacity that attracts the guy coz he's already tested our market

[alpha @kibet_jay]

@C_NyaKundiH Hapo kwa Sacco's nayo the country would've gone to a standstill.. they think gen z are bad, wait till millions of teachers and other civil servants storm the streets. Even the police would join in

[Cyprian, Is Nyakundi @C_NyaKundiH]

This experiment has failed, so go back to the sender and tell him that if thou touches SACCO money, bank deposits, M-Pesa balances or any private savings Kenyans still control, the people shalt revolt.

[Cyprian, Is Nyakundi @C_NyaKundiH]

Bookmark this tweet

[Juma G 🇰🇪 @jumaf3]

The government now wants to "take loans" from Saccos and put it into "infrastructure." Any Sacco that will lend cash to this hungry regime should be shunned and members leave...

[Eng. Karis | MSC | @Briankariu]

Man, ama mimi ndio fala?

They created a national infrastructure fund that draws its money from our taxes, has private bank accounts, managed by presidential appointees, has no oversight body, and can borrow in our name.

Aje? Someone explain to me like Karen Nyamu please

[Mike @Mike_Kutola]

Kenya collected about Sh2.4 trillion in ordinary revenue during FY2024/25.

Before a single shilling reached hospitals, schools or roads, 71.2% of that revenue had already gone to repaying debt.

Here is the breakdown:

[alpha @kibet_jay]

@kokondk @Kvaati The government isn't following these dos and don'ts and that will irk members and things will go beserk

[Kip Mimi @Kvaati]

This is what might happen to SACCOs.
1. Panic Withdrawals by Members.
2. Slowdown in savings.
3. Apply for loans equivalent to deposits and shares

What else?

[alpha @kibet_jay]

@JimiWanjigi You have a lot of valuable information about odious debt but let's not pretend you would be a good president for Kenya.. wacha hii division of votes and support Maraga/Sifuna for a fruitful Kenya. We could build a future we'd all be comfortable living in.

[Conrad Kulo @ConradKulo]

SACCOs are not a fallback treasury for a broke regime; they are the financial bedrock of the working class. When a government forcibly reaches into cooperative pockets to fund state infrastructure, it isn't "unlocking capital"; it is raiding the citizens' final safety net.

[I am Chege @_James041]

MAJAMAA, we are in a debt crisis.

A crisis created by thugs.

Stop whatever you are doing and redirect all your energy towards asking uncomfortable questions.

We are being milked dry to service debts we never incurred.

More than Ksh 7B which we are servicing cannot be traced in the economy.

Uhuru Kenyatta disappeared with Ksh 4.6T

William Ruto has so far disappeared with Ksh 2.4T.

The killer regime has announced that they are coming for the little you have in your SACCOs.

Tomorrow they will raid your banks, MPesa and even chamas.

MAJAMAA, the only solution out is seeking answers.

The only solution is demanding the repudiation of all the Odious debts.

Let the lenders and the thugs agree on how to settle any debt we never incurred without involving us.

Mozambique did it with Tuna Bonds.

We can also do it!

Kataa Deni Bandia kataa. #DeniBandia

[WARÚHIÚ @kamauwaruhiu]

Go to your sacco and take the biggest loan you can , keep your account in constant negative .winter is here .

[Jimmy Kings @JimmyKings8]

BREAKING NEWS

It has now been CONFIRMED:

He is a gold-smuggler

This expensive PRIVATE Jets is to conceal evidence.

Since he took power, he has had 135 PRIVATE foreign trips

Ask yourself, we have ambassadors all over

What are all those PRIVATE trips for ?

GOLD SMUGGLING

[alpha @kibet_jay]

@TeyaKevin They don't have a premier league trophy or champions league trophy, we don't associate with failures

[Karomo Richú @tonykaromo]

The scariest thing about the use of LRAD - Long Range Acoustic Device Weapon is that if it starts, it wont stop. This weapon will not discriminate if you are a protestor, a journalist, an innocent bystander or a newborn child around where it's unleashed.

The weapon blasts lethal sound up to 160db - your ear is made for 70db max - it's sound is louder than a fighter jet taking off next to your ears as they reach 140db.

Exposure leaves behind permanent auditory system damage, permanent nervous system shock and triggers other underlying health complications.

William Ruto is now after our very own lives and you need to sit down and decide whatever come may. #RutoMustGo

[Morara Kebaso @MoraraKebaso]

Blue Tosha Company Limited Owned by the Borabu NGCDF Chair Denis Rosana Oroo and the Borabu NGCDF Secretary Teresa Kemuma Mateni received the following amounts in their bank accounts in the year 2023 alone
Date
26th October 2023
Amount
Ksh. 1,156,539.00

25th October 2023
Ksh. 1,156,539.00

7 August 2023
Ksh. 1,697,109.00

7 August 2023
Ksh. 1,704,300.00

10th July 2023
Ksh. 985,000.00

19th June 2023
Ksh. 965,270.00

This is only one company. Remember we are dealing with several companies here.

[Okiya Omtatah Okoiti @OkiyaOmtatah]

I stand in full solidarity with the workers of @KisumuCountyKE who have chosen the constitutional path of peaceful picketing to demand payment of their hard earned salaries.

No worker should have to demonstrate to receive wages they have already earned. Paying salaries is a legal obligation, not an act of goodwill.

We must also confront a deeper question. Why are so many county governments consistently unable to pay workers on time? This is no longer an isolated problem. It points to systemic failures in public finance management, budgeting, prioritization, and accountability. Addressing the root causes is the only lasting solution.

I call upon the County Government of Kisumu to resolve this matter without delay and upon the @NPSOfficial_KE to protect the workers’ constitutional right to peaceful assembly under Article 37.

The dignity of labour must be respected. Workers deserve justice, not excuses.

[Morara Kebaso @MoraraKebaso]

Teresa Mateni the secretary of BORABU NG CDF Committee is at upperhill government BRS offices right now. She is changing ownership details of her eight companies. Aye Teresa, nomanyete bori?

[Okiya Omtatah Okoiti @OkiyaOmtatah]

A General Constitutional Test for the IMF Treaty

A treaty, statute, or international agreement amounts to a de facto constitutional amendment if it:

(a) removes a constitutional power from a constitutional organ;
(b) transfers that power to an entity not established by the Constitution;
(c) immunises the exercise of that power from constitutional scrutiny or judicial oversight; or
(d) fundamentally alters the relationship between the people and the institutions through which they exercise sovereign power.

Where any of these effects arises, the court must ask one question. Were the constitutional amendment procedures under Articles 255, 256, or 257 followed?

If the answer is no, then the measure is unconstitutional and invalid to the extent that it purports to alter the Constitution.
#OdiousDebt #DeniBandia