I have been intrigued by this government’s fiscal policy which has been punctuated by several sale of stakes in key companies and privatization moves which have been touted to raise money for the Infrastructure Fund.
However, one thing has scared me, which should scare every Kenyan as well.
This means, the government is opting get cash now, as opposed to annual revenue. THAT IS NOT A SOUND FINANCIAL DECISION.
Take the case of Safaricom; according to this Reuters report, VODACOM WILL BUY RIGHTS TO FUTURE DIVIDENDS if the sale goes through. Think about that !
https://t.co/jtElTJSCNM
@BusInsiderSSA Africa will only negotiate as a block if:
Firstly, each individual country stands as a sovereign state independent of colonial/so called super power state influence.
Secondly, easen the barriers to inter-state trade relations and cooperation.
Then finally, strengthen the AU.
@BusInsiderSSA Massive investment in production - from raw materials to finished products. If countries could just focus on the value chain of just one of their many resources, we’d see development.
Exactly the discourse we should be thinking about. When we say things like “The president has visited the region more than any other sitting president in the history of the country and launched development projects koso koso …”
Devolution came with the 2010 constitution and allocations have been made to those regions, what have the leaders in those regions done with the Billions ?
The total estimated cost of the REM in Montreal is about $6B, which is one of, if not the most, cost effective rapid transport system.
The mentioned urban mobility improvement project is roughly equivalent to the REM Budget so far**. With our appetite for “kitu kidogo” i have already started casting doubts on its delivery - but let’s hope it lives to its expected outcome.
** the REM is not complete yet.
The total estimated cost of the REM in Montreal is about $6B, which is one of, if not the most, cost effective rapid transport system.
The mentioned urban mobility improvement project is roughly equivalent to the REM Budget so far**. With our appetite for “kitu kidogo” i have already started casting doubts on its delivery - but let’s hope it lives to its expected outcome.
** the REM is not complete yet.
@Alfayaz11 All throughout the country we can name the white elephant projects that have consumed public money but little to no public benefit. In the end, huge sums are spent only to be abandoned or mismanaged.
This country suffers from the Megaproject syndrome.
@Seid101 Partly true, but it’s lower comparable to many European countries. However, our challenge lies rather in tax compliance and the tax base; chief to among other secondary factors.
And above all, public expenditure efficiency and transparency.
The way our CSs and PSs are bullish about defending ALL GOVERNMENT PROJECTS, despite the glaring lack of knowledge in the area or sector of focus, you are left with but one choice: they have no regard to service for the country.
@citizentvkenya The way the CS and PS are mumbling and beating around the bush at the questions from Sam is full proof of either fictitious claims or negligence of their responsibility within the ministry.
@TimKipchumba Give us these in terms of numbers:
Hospitals built
Schools built or renovated
KMs or roads built/ renovated
And then the stadium after six months.
I have apprehension over selective posting.
As expected. Across the world major governments are cutting back on government spendings, in order to increase allocation to military and essential services like healthcare and education.
While, we who want to learn from other governments about unnecessary things, are adamant on this. Greed!
@KTNNewsKE I was hoping he could mention the number of teachers deployed to NE, the percentage increase in hardship allowance and the steps the government has taken to ensure education security in NE region.
The blanket response of “policies across board” is blatantly haphazard.