David Ndii: Kenya is Broke
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- เผยแพร่เมื่อ 28 ส.ค. 2018
- Is Kenya's excessive borrowing constitutional? What are the implications in the grand scheme of things? Just how big is Kenya's debt?
Economist David Ndii puts the matter into perspective in this sitdown with Africa Uncensored's John-Allan Namu.
Watch David Ndii's takes on the Jubilee government's unchecked borrowing [ • David Ndii: Jubilee is... ] as well as his views on the current war on corruption [ • David Ndii: It is a Po... ]
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Nani mwingine ameletwa na shida apa
We need more of such talk about economy daily on national TVs not parliament procedding with women mps dress code and fake corruption debates !!!
Boss! You have spoken like King Solomon. Enough of kipindire. Kenyans ought to learn from this discussions and we all find a common ground from which the sound coming from the horn is the same. We march in one accord as we make sober decisions in election matters.
Gambling becomes an addiction when you start borrowing money to finance the next round in hopes that you will win. Ni hayo tu!
watching this in 2019 and everything Ndii has said has come to pass, we need such intellectuals in the ministry of finance
Nope. We need regime change first. A clean slate. Otherwise good meaning people will be frustrated by the vested interests, cartels and faceless tycoons who have captured the Kenyan administrative state.
@@xas22 viva la revolutìon!
He is now basically controlling policy at the Ministry of Finance and things are WORSE. So much for reverencing such intellectuals
Sasa ako serikali😢
Life is about to get so tough in Kenya.
CLOWN POLITICIANS...I ALWAYS LAUGH AT THEM AN THE CLOWN MURKOMAN..
Reduce imports, increase exports, reduces taxes on foreign investors start ups, reduce electricity prices to encourage local manufacturing and investors that will cover for the reduced importation of every other good in the kenyan market.
We need to have David back now that he is in government and what the situation is
We need to translate this stuff to those TANO TENA sycophants cause i dont think they underestand the magnanimity of the MESS those two Men have caused
Hakuna sycophants anymore... Bro we were duped... Next time we know better....
what saddens me the most is that we keep repeating the same mistake over and over again. I am 1000% sure if election are held today Uhuru and Ruto will Win, be it by THEFT as we insist they are the lesser of the TWO DEVILS
Ruto atawapanga Tena 2022 sio mbali saana.
@@njenga.n.n are we awake now? Shall we do better in 2022 6-pac? I am a jubilee by the way. That said, I want a Kenya in which an Kenyan ID or passport holder can be proud of her motherland and do economic activities that build Kenya from all corners. I won't rejoice when I am savoring on bread and butter while a certain Kenyan is starving thanks to bad governance that favours one over the others..
Let's make Kenya great through good actions.
ANDREW.. AM NOT EVEN HOME BUT THE FRUSTRATION I FEEL MUNGU ANAJUA. YAANI WACHA TU. MPAKA I AM GOING TO UNI TO STUDY SO I CAN COME HOME NIPIGANIE SEAT AND SHOW KENYAS HOW WE GET WORK DONE! UWIZI IISHE!!! WE DONT HAVE BASIC HUMAN RIGHTS.
Great analysis!!!!
your spot on Ndii..it will be all bitter pill to ingest ..your being optimistic with your recovery 10/15 years.
The I.M.F will demand Kenya to do the same as Greece, Poland and Portugal
"What we are looking at is a fairly long period of stagnation." - Ndii. Chilling words that are now coming to pass in 2023.
That standard gauge railway is a white elephant..project was mis-prioritized..could've better used the money to build houses, roads, decongest nairobi n maybe build a nuclear power plant to diversify our energy mix consequently attracting companies to invest in heavy industries thus creating "real" jobs..then the returns from these investments wud b used to build that standard gauge railway
Its a white elephant for sure, rather they would have modernized the existing railway network and expand it as opposed to building a new railway line, then dual the road between Mombasa & Nairobi. They would have killed 2 birds with one stone.
I am surprised by this comment. I never imagined we have Kenyans who actually see through the smoke screen.
No it's not... and guess what? even if they built those other projects you would still be here commenting how they are white elephants
These are consequence........when british was build kenya-Uganda railway after compless in 19th centuary it was found that it had no impact to the Goverment of british but total loss......but after independent it had very huge impact the economy of kenya becz it was the only mean of transport and most of the town Developed as rusult........the SGR have impact in the future to come......and after it have been completed
Paul Ngugi I agree 100%...Akili kama hii ya Ngugi itoke TH-cam iende Parliament
Life is already tough in Kenya
the problem with African countries is that we lack the capacity to manage what we have. we constantly borrow money to fund projects that do not exist, we have huge governments that use most of our taxes as salary and we do not have the capability to create an environment that will spur innovation. if it was not for technology we would be even in a greater mess.
Looking at the comments here,i can see very many of ma fellow Kenyans are in denial.sit tight,we all have a front row seat to see how things will unfold.
Economic managements started long time ago during Big Kenyattas time and retired President Kibakis time.We now harvesting from our
quietness seeing bad things being and letting them to be repeated now and then.
shot every time he says "eeehhh...."
Kenyans life right now miserable life is very tough at the moment my goodness God help us economic is worse than ever before.
Its 2021 and ooh How Dr Ndii was right. If only our listened to intellectuals.
Ghana too
The big known question is, what is the source/cause of this extremely high cost of living? Noooop! Kenyans must not always be forgetful and make wrong decisions on political elites.
Speak life to our nation
I think he has a point. I am not an economist but try and compare where we were 5-6 years ago and now and look at for example
1. we are being taxed more
2. cost of living is higher and higher
3. increase in unemployment.
4. we are incurring more debt every year and as a result we paying higher interest payments every year
5. farmers of maize, coffee, sugar are doing badly in his country. some people are importing maize, sugar, rice at the expense of the farmer while coffee has been destroyed by middle men
6. balance of payments deficit (imports vs exports) stands at about 100 billion shillings, the deficit has grown in recent years
7. kenyan industries and businesses collapsing e.g. mumias sugar, kenya airways,nakumatt etc
8. banks have been laying off staff in recent years
9. rampant corruption
Are we doing better or worse?
Incredible summation. Thank for a thoughtful dissection of where Kenya is.
Sasa sahi utasema nini?
Could you share insight on what can be done to rescue the country's economy?
Just flew back from Kenya, plz roads, roads, roads, that is what Kenya needs, omg those narrow two way roads are outright terrifying while the matatus trying to overtake each other towards incoming traffic is so scary makes you shit your pants, where is this debts coming from when your roads are in terrible condition with portholes everywhere, you gotta be a daredevil to navigate the Nairobi traffic.
This has been brought about by politicians who are ignorant about economics. When Jubilee came to power, Kenya's economic and financial credit rating was very high as a result of Kibaki's prudent economic management. Kenya at end of Kibaki leadership in 2012 was spending only about 18% of national revenue to service debt. repayments, which is very safe and well below the known 30% limit for pecuniary embarassment. Currently the amount being spent on debt repayments is estimated about 80% of national revenue to exchequer.
Jubilee administration on the other hand was totally ignorant on national economy management and they were taking cheap and vested interest advice from international loan brokers. Jubilee leadership would take cheap ideas like sovereign borrowing advanced by international brokers who were looking for a cut out of the processes; this led to EUROBOND, which was totally unnecessary.
Lending money is the easiest and most comfortable job in this world, because you do not work, the borrower works for you.
Whenever International money lenders see an African country with a healthy growing economy with savings balance; they wait untill leadership changes and they come looking for the new naive, ignorant African leaders to sell their loans, even when the African nations do not need the loans. The objective of these loans is to reap from the sweat of ignorant nations, stall/ stop economic growth as the country gets enslaved to perpetual debt payment. This is where we are now are and unless we get a leader of Kibaki calibre the country is in for painful days ahead.
STRUCTURAL ADJUSTMENTS is the next thing to expect as international lenders enforce their right for payment of loans as it happened in the 1990's during Moi era. Structural adjustments is an economic jargon term which means the same as RECEIVERSHIP in finance management terms for a bankrupt company. So the following is what to expect:
1) FREEZE of government employment.
2)Government to reduce workforce (retrenchment )
3) New managers for key government finance institutions like treasury, KRA ETCETERA (a.k.a recovery dream team IN FINANCE they are Receiver Managers )
4) cost sharing for government services (already taking place but will increase)
5) Sale of state funded parastatals that are deemed not strategic.
In simple terms, the objective of structural adjustments is to free more exchequer money for loan repayments.
It's not just Kenya, a worldwide economic crisis is looming. Most countries are just kicking the can f urther down the road manipulating their stock market to make things look good. Even in the US most Americans are struggling to make ends meet, and the stock market is doing great?. In the west most people are in deep debt. Live within your means and grow your own food when you can.
Jubilee supporter will always find excuse to support the rogue regime🤧
Trust me Trump has nothing to do with our debt
c n Compare apples with apples please! America may be in debt but remember, it’s a nation consisting of 50 states, and it is the number one largest economy in the world. So, can’t even compare Kenya to any one of the states in the US! California is a powerhouse in itself with a GDP of 2.7 trillion USD vs Kenya’s 74.94 billion USD, i.e in 2017! So, go figure! This is not anyone’s political party affiliation anymore. We are in a dire situation, and we all need to wake up! We don’t wanna go the Greece and/or Venezuela way!
@@jotaya tell them. I think HONESTY, FAITHFULNESS HARDWORK, HUMILITY, RESPECT, Economics & Nationalism should be taught from the kindergarten through to gumbaru. The government and crook technocrats have proven that they can sell Kenya while we are asleep in the CRBC train coaches.
@@mkenyamzalendo4130 It's known as IGNORANCE and imbibing of our elite with knowledge they scarcely use or develop.
Those in power and those around them keep on getting richer and richer by day. On the other hand, most of the Kenyans of constricted means keeps on languishing in poverty. When is this nightmare gonna end???
The fact that Mr Ndii is right,there is a way out...before its late,lets reduce our public spending and force companies to invest in Kenya.We have to give incentives to private companies and cheap loans to companies that are making profit.There are several ways to get out of this situation before we go to stagnation period.
"A political elite who have no idea where to take the country economically and they are feeling the heat from the aspirations of the young people whom they have promised (heaven on earth) and they have latched onto the idea that the way to do that is to live large and build big things. That's how countries get there." David Ndii
Watching this during the corona virus epidemic.... Wiseman said it
Watching this in 2021...
You're very knowledgeable in accounting Mr. Ndii, why don't you request the president for government job and help in solving the financial problems. Will help more than side talks.
It's very simple ...reduce.the salaries of the Uda theifs..starting with the president, his Dp the mps and governors...and reduce the number of the government employees
We are doomed,worst of all the almost half of the money is being stolen
People should have listened to this man 2 years ago, Kenya was broke as soon as Jubilee took over power from Kibaki. Under Kibaki we saw strong economic growth strenghthening of institutions, look at us now we cant even pay oir medics.
Indeed you have been warning TNA, Jubilee for a while on everything, SGR, Euro bond , corrupt tenders etc. They choose not to listen and it is not just the country, it's instituions, universities etc they are all on the downhill
Apparently we learnt from the bbc that ruto is now worth 50bln kshs, almost half a billion dollars
I believe Kenya is in problem , not sure about now but in the long term, the biggest issue we have is that we import almost everything, from food to cover our deficit, electronics, materials, textiles, equipments, automobiles.......just to name a few, KENYA should strive to be a manufacturing Nation , which exports stuff rather than import, "example, oil is expensive in Nigeria just because they have no refinery", so it never matters if you create something but if you cant shape the END product , then you will never have any say to market price. and whoever sells it to you can switch it, impose tarrifs...etc, we cant control even our currency, "because we use the US dollar as our reserve currency", rather than using unchangeable assets such as GOLD. We should, mine, make/manufacture, process and export.We should have a Mantra, MADE IN KENYA, and it should mean something.
At the moment, it is almost impossible. We are already in debt and the only way is to look for survival means before development
Manufacturing won't work. Too expensive to set up. If too expensive, twill be hard to sell. Cost of running a business in Kenya is so high.
Ken Samo it is high coz of the few capitalist...we set up the manufucturing not for profit..but for job opportunities...raise the standard of living which later breeds innovation
A country that is borrowing like crazy can not afford to switch to gold, they would have to explain to people why bread cost 20 shilings 5 years ago, and now 50 shillings+, how the peoples Gold is disapearing, cause the Ksh.1 you had yesterday just dropped in value to the amount of gold it can buy today.
@@kennySamz who/what makes it expensive while other countries make it cheap? We should also stop growing tea, coffee, flowers etc because they are expensive to produce too.
Let's look for solutions from within ourselves!! How long can you survive on borrowing from your friends? Remember you still have to repay soon and with interest!
Reality ndio hiyo
What di you expect when we borrow the money is looted yet we are to pay after no project is undertaken or any development to spur growth through employment opportunities.
Look at the list of countries with debt...see where kenya is...if kenya is broke...i don't know what south africa is
WILL SYCOPHANTS LISTEN TO REASON . I DO REMEMBER READING NDII ARTICLES SOME YEARS BACK ABOUT SGR ,COAL PLANT IN MOMBASA AND ALREADY CANCELLED GREEN FIELD AIRFIELD PROJECTS AT THE TIME I COULD NOT MAKE SENSE .BUT FOR NOW EVERYTHING IS FALLING INTO PLACE BLOCK BY BLOCK ,BUT THE BIG QUETION IS WILL SYCOPHANTS LISTNEN
Give Kenyan government more advice on which way the government should put emphasis rather than put critics that cannot help....do it in a spirit of handshake and love of our Nation and also for the purpose of peace within our boarders.
Some countries do get auctioned, Argentina being one of them, atleast some of their assets such as military equipment including warships. If Standard Gauge did this much damage and the president is talking about no more development projects, well, he's negotiating with Donald Trump to turn Mombasa Road into a dual carriage way, presumably, more debt..smh..
TOOL ROADS COMING...
Talk about colonialism part 3. The Brutish never left, there was no independence, the Brutish still rule brutally stealing minerals,gold, diamonds, and allegedly digging underground tunnels all over Kenya, they even patitioned off favorable Kenyan land blessed with rich minerals in the name of national parks and now the Chinese are also colonising Kenya with metallic chains wound arround Kenya's genetalia tighter!! OMG Lord help us.
This is something that nobody talks about,but truth be told,
British is the worst thing to ever happen to Kenya,
We were given raw deals ,
Teresa May check back in
And the Brits never had any respect for anyone. If the Europeans respected each other, they would not have dragged the world into two world wars. We fought their wars as former colonies, we bled for them and they killed us off. Yet, we consistently invite the west to sit on the same table as us. Ridiculous! We should adopt some elements of the closed off countries. Africa has the resources. We import what we could easily build and it is ridiculous!
Underground tunnels? Lol
@Makoto Shishio no leader does in any country.
this is the chance for African countrieies to just pull out from the common wealth at this point kenya has nothing to lose, this i an opportunity for the braves to re invent themselves from total independence
Not satisfied with the answer on how we can get out of this mess - John you should have pressed more
That is the point, we cannot.
Grt ready for the crunch
Can we have other opinions? A round table would do.
The situation is not good. Not good at all and we as a country are positioned very badly strategically to deal with this and what angers me is that this is totally man made. We need men with vision to lead us. I don’t think we have that. I am afraid of the future.
clever brain this man he should have been the finance minister, but maybe he is not corruptable
Kenya is not broke yet. We can still pay our debts and have enough cash reserves for import covers and pay salaries. Things were much worse in greece, venezuela e t.c
The coast jobs issue is being blamed at the wrong thing, SGR. The trucking and cfs were profiting from inefficiency. High operating costs made the logistics business not grow properly. Analogy of building a road with humans compacting stones vs machines coming and taking on the job. Of course the machines are expensive abd workers will lose their jobs, but far more better roads will be built. What is missing at the coast are industries, the gap has been exposed by SGR. Govt should build epz to offset the job losses as those in Athi river are actually making Kenya one of the top exporters of apparel in africa. Since coast Labour is cheaper and has direct ship loading, its the solution, because stopping sgr operations isnt.
Lol
We decree and declare prosperity in our nation in Jesus matchless name
Lol
You're funny
It scares me.
Kk
Ndii for president 2022. Mani ako pampa na Ndii? .
China population 1.3 billion people , africa population is 1.2 billion..the Chinese have a military base in Djibouti not to fight piracy but to take over africa....watch an see..nothing is free ,hata Malaya koinange street alishwi free..
Its scary. I fear for the people of Mombasa more than anything else.
NO SIGNPOST OF HOW TO GO TO RAILWAY IN NRBI IN NRBI OR MOMBASA,,,,,SEEM THEY DO NOT SELL TICKETS AT STATION AND FAR FROM TOWN..
Bwana Ndii, as Kenya becomes broke...what's your plan to rescue us....You have said it...Now please help out very quickly...we need the help not the talk. Bwana.
too late, he said 10 to 15 years before we start going up again, for now its stagnation and maybe even inflation
jisaidie hiyo ni tano terror you voted for blindly
This is no lie😨
All the blame goes back to capitalism, paper money not backed by gold... the solution is simple. Follow the islamic economic system which is in between capitalism and socialism
Total cost of the LAPPSET Project on facts we have will require Kenya Government to spend a total of 1.72 Trillion Kenya Shillings...as per the LAPSSET Corridor Development Authority (LCDA) established via Presidential Order Kenya Gazette Supplement No. 51, Legal Notice No. 58 For more details and understanding of the debt situation in Kenya follow us on Twitter @analytics_stats
Ethiopia 🇪🇹 has signed peace treaty with Eritrea 🇪🇷 and no longer need our SGR as they will be using Eritrean ports. Population of Ethiopia is over 100 million(half of the target market for SGR) and the loss of returns from Ethiopia using our SGR is over half the estimated returns. That, in simpler terms, is like getting a loan from a bank to buy two lorries to profitably supply goods to 2000 people and then 1000 people opting to use a cheaper option after you bought the lorries and there is no alternative use for the extra lorry. Kenyan economy is in dire straits
Failed State..
This talk of saying the government is borrowing too much is nonsense. In the 80s, Moi tried to build a commercial Kenyan made car but we ridiculed him. He was doing what other nations such as Korea or Malaysia did but today, we use Korean cars. Let the government try to lead development. It should however put our interests first and deal with corruption.
Sadly, Ndii does not offer any solutions.
Fast forward 5 years and Jimmy Wanjigi on "The Big Picture" does.
we never learn from our mistakes, the 2008 crisis then 2018-2019-2020 crisis is coming,except that china will own kenya for 40 years
Every country is broke we need the young generation should take hold and apply their academic wealth and find solutions
Beatrice Bolger
What?!! Were we not told that Uhuruto were the new generation of young digital leaders? What happened?
Beatrice Bolger But we have new generation of leaders Uhuto
@@kiswahilikitukuzwe2547 come 2022 we need aspirants at most 35yrs olds.
It scares me and my contract is over 🙆🙆🙆🙆🙆east west home is the best
Let's vote them again, there will be discounts for jubelee card holders. hehe.
So what is the solution😶?
maria machambi am asking the same q.
maria machambi We may need to demand more accountability from the leaders we choose.
maria machambi
Entrenchment of government employees. Give up your land to be run by foreign agrobusiness companies... basically, to be recolonized again. There is no free lunch my sister.
Hama kenya 😂😂
Mr Ndii, do you reckon that Tanzania is also doing their sgr towards kigoma eventually into Rwanda and the west ? The sgr is about opening the mombasa port to the landlocked countries. That's where the country will gain. All those containers will go to sgr and those companies importing into uganda, Rwanda, congo, south sudan and Ethiopia will choose efficiency of sgr to road transport. Tell kenysns the truth. All investments are painful until you wait for the harvest time. Ndii is telling us to keep the grains in the stores instead of planting them, that's savings. Investment is getting that grain out of the store hoping that there will be adequate rains and plant it in the fields. You wait painfully for the grains to mature and harvest time comes and reap the benefits. That's why farmers even the uneducated village type plant. SGR is crop in the field.
but in tzd it is cheaper than the one in kenya
Comparing TZ rail to Kenya's is like comparing a Datsun 1200 to lorry mguu kumi
u are not getting it what i mean we have used a lot of capital on Sgr in which tzd used and it has covered large amount of kilometers compare to ours, it is not about which country has big economy it is matter of checking the realty of situation that we shall suffer more because our debt is not reducing but increasing, if u bring about economy i guess u are ware of Ethiopians situation they are using electronic in which it is cheaper than our and yet ours is sgr
you kenyans sometimes you are proud for nothing,tanzania sgr is more longer than that of kenya,and yet it is cheaper than yours,and it will be classy like yours,rember tz sgr is bult mainly by tanzanians money.no research, no rights to talk.simple.
I surpot you fully..Ndii want us sit down for fifteen years as he claims crying. Kenyans should be told the truth..wake up and get out of comfort zone...if we can fight corruption i believe we are not that bad..
You can actually get out of this debt crisis sooner, empower the youth, leverage their talents and skills to pull revenue from a Global clientele and audience, that is the greater chunk of the Kenyan population that lies idle. Other countries with a surplus, such as Australia and Scandinavian states are more than willing to support you
That will never ever happen with our 'viongozi'
Talking heads telling what we already know yet they have no solutions. The problem with dinosaurs 🦖 is they offer antiquated solutions to current problems. Kenya doesn’t need lessons from an old text book, we have as many economists walking our streets as we have makangas. We need bold revolutionary thinkers that can get our economy on the road to recovery, not some number crunchers telling us the obvious. We know our foreign exchange reserves are critically low. The CBK can’t rescue the shilling and is allowing it to slide, because that money is needed to meet balance of payments and loan repayments. These are known facts. The question is what are we going to do about it? If we listen to the dinosaurs 🦕 they will preach fiscal discipline bla bla bla. Old ideas from an old text book. Very boring. That will not do much for our economy. We need new radical brave ideas straight out of the wolfs of Wall Street to get our economy on track. Here is what is happening. As we are forced to tighten our belts, Europe and America and full throttle on the levers of the fiat printing press and are getting ready to print $20-$30 trillion to rescue their economies. This massive quantitative easing is going to cause shockwaves around the world as the dollar depreciates. We are currently seeing a commodity bull market around the world, which makes absolutely no sense as the world is In a recession, so this can only be attributed to a devaluation of the dollar. Being that the dollar is the reserve currency of the world, the USD cannot be debased in the same way as the shilling. The devaluation of the dollar is actual realized by a steep rise in commodity prices. Are we therefore wrong to worry about our foreign exchange reserves. We are losing sleep worrying about our depleting dollar reserves, while the Americans are busy stealing from everyone else simply by printing their currency at an astronomical level. They have been doing this since 1971when the US temporarily ended the Gold Standard, sending gold prices from $35 an ounce to now Gold is approaching $2000 an ounce in less than 50 years. The modern economist must understand that the game is rigged. If you keep playing a rigged game, no matter how disciplined you are, you are going to loose eventually, and this is where we are. The solution, and I know many economists will say is risky, will require The CBK to take whatever foreign exchange reserves it has left and purchase Bitcoin. If they did this in 2020, bitcoin rose 400%, we would not have a liquidity problem today. If they do this now in 2021, bitcoin will rise to $150000 as the dollar hemorrhaging continues. This could be the only revolutionary and bold move the CBK can take to avert a crisis. The alternative is for Kenya to listen to the dinosaurs 🦖 as they tell us to go beg to the IMF and World Bank 🏦 who have set up this rigged house of cards. All the Best Kenya 🇰🇪 Make the Right Move.
Arap Mashamba will give Kenya a loan
Haha
He cares less
With such Uda leaders what did you expect
You should ask him about Ethiopia.Plus Africa has a huge infrastructural gap.
Ndii nakuonea mbali... I also predict that it will rain somewhere in kenya tomorrow so that some fool can call me a prophet.
Of course if everybody is waiting for a government job...who will make money for govt.All government post salary should be super cut like in some european countries.Kila mtu aafanye biashara wajinga wabaki kwa serikali.
This was before Corona .... Phew
Crying over split milk and prophesying no way out is not the solution. I have met people like you,they complicate solutions to instill fear and make you feel inferior to their knowledge. I believe we choose the worst crop of leaders in Kenya. It's time for a revolution...public wage bill should come down. Why do we need alot of MP's who are never in parliament? We are an economically struggling country with citizens over represented yet no development gets to us. Maybe we should borrow a leaf from South Africa,the president must attend parliament and be put to task concerning pressing issues. It must be mandatory for MP's to show up in parliament. Let's scrap away some positions, why do we need women reps when women MP's as we speak are putting up a spirited fight to increase gender representation in parliament. We dont need MCA's and Senetors please. We need to start job creation,we have such vast tracts of land all over the country,if our govt wont do it,Youth tuuangane and realise the spirit of harambee. We can grow fruits and vegetables for export. Let's talk solutions,looking at the past and blaming a govt that doesnt give a hoot is just putting us deeper into shit. BTW,didn't Uhuru say we need a 1billion KSH per kilometer road from Nairobi to Mombasa? For what please,SGR is taking all cargo freight from Mombasa and back.
It's not only in Kenya. Here in the US it's just as bad if not worse. The problem is the disease called Government. These are a punch of individuals who lock themselves in a small room to make decisions that affect the masses, in a bad way. The inflation levels of all countries in the world is up the wazoo. Look at Turkey for example. People who put their money in banks watch their money lose value by the minute. The solution is one world currency that's decentralized and evenly distributed. Bitcoin and and other alt coins are the answer.
How come you are not talking of regional integration and the sgr is a long term investment , Kenya has a huge infrastructure deficit.
Look at your standing...and Google David ndii standing worldwide in economics.the man said things years ago that we see now fucking us up.
Infrastructure development need to be better. thought-out... what are the facts that indicate Kenya has an infrastructure deficit?
Thet built a bridge on the highway where i live in nakuru...zile flyover za gari...it was completely unenecessary and wrongfully positioned...the roads from the farms could have used that money better...besides..this was meant to be a three country project yet the other two pulled out citing costs...why did we go ahead?
Uhuru family properties will pay back the loans if we have a tough and straightforward president
Get you a Magufuli type
8000 kenyans OWN 2/3 OF ALL OF KENYA that a weird IMBALANCE.
Billions millions of money are going to some goons pockets and they go freely they want to get rich with no sweat flowing.
Are you serious! I thought it's going to your village! Bythway, is fuel cheaper there?
@@maasaimaasai2895 do you even know my village talk sence idiot.that comment will not help me anywhere stupid.
well looks like he's right and the worring thing is everyone who is trying to do something about it is seen as being crazy or non progressive because they don't agree with uhuru's legacy what a fucking joke
Pheew!At least Ndii got rid of those obnoxious red "goggles" that made him look like an overgrown baby.
🤣
U fool it's academic mjinga kama mamake ana angalia specs of another man yet all Kenyans r suffering. Guok
@@francismarindi1827 chill bruh what he said is not that serious..
Huyu jamaa niwa nguvu !!!
Mnakuanga depressing kuskiza btw.
Look for natural resources, oil, gas, solar farms, wind farms, delaination plants, to deliver potable water, for residential, industries, farming, the savings from energy reinvest back into your economy. The water resources, can increase growth in farming. The train brings down the cost of goods, and prices, makes life more livable for the average man ifbthe cost are passed on. Talking bad about the train is lack of foresight. Sound like you're looking for a career in politics. Why not come up with solutions instead of all the criticisms. I have no regards for skeptics that has no solutions. Thes are foundational improvements if follow up with the necessary investments.
We might just have to order cbk to print 20 billion shillings more to pay our debts. Kimeumana...lol
The loans are in USD
this is propaganda debt is only 54% of GDP plus the is borrowed to invest in infrastructure.ndii is only frustrated because he was denied position is of finance minister in 2013
If you can't see it by now then there's no helping this country
The best thing to do is to wait until Chinese will come to take over and ask them to pay all the damages they caused during constructions i.e having children's with our desperate girls leaving them on high street searching for father's.!!!!!!
Why does the host keep answering for the guest? Very annoying
This is a profit of doom...😂😂. Ona to life ita songa. . we are rising.. jua tu ivo
Do you live in another Kenya?
I'm in an industry where lay-offs are increasing day by day. I work next to an auction yard where prime movers are being sold daily but no one is buying. There is no money. That is not a good picture.
Profits are down in the manufacturing, cement, microfinance sectors. So how are we moving?
Mad man in the market
He he he you think government is a kiosk nothing like being broke
This hasn't aged well
This guy just told kye there's no way out. Ciao migos 👍🏿
DAVID NDII IS BROKE
Lol
ndii is apoor economist i think he scored nil
Why do you say that?
I want to know why too. I know that China usually takes a loss or makes very little from its loans here in Africa but I don't know about the Kenyan side of the loan (when it comes to repaying). I am a little skeptical of this video because the SGR looks positive from most perpectives (long term)
The gov't is required by the constitution to make the information on those loans public. That has not happened, does it not seem fishy to you?
The SGR will probably be abandoned within a few years , since it doesn't seem to pass through any major towns (National Park) so it cannot be used for local transport in towns between Mombasa and Nairobi. It is fundamentally flawed , look at what Tanzanians are doing with theirs for an example of a good long term investment. Their SGR is passing through little towns thus spurring dev't along the way .
@@JeffMwandia1 it's true that the SGR is making some money, however it is far from making enough to pay off the massive debt borrowed to build it. it's not even making enough to pay the people hired to work on the train sufficiently. It's costing more to keep it running than it's making.
david ndii is probably the best economist in kenya
Prophet of doom
And you are???
Ndiii, stop your noisy noisy like bees. It is you who is broke