MOTOCHINI
JF-Expert Member
- Jan 20, 2014
- 28,064
- 31,401
Kumbe! hayabwanaChuki ni kufurahia majirani wako wanao chinjwa Na kutaka mengi kama hayo yaendelee
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Kumbe! hayabwanaChuki ni kufurahia majirani wako wanao chinjwa Na kutaka mengi kama hayo yaendelee
angola is an oil resource dependent nation ,don't compare kenya to them .Congratulations Kenya for building a new railway network.
Word of caution:
There is no such thing as Free Lunch. Kenya has borrowed 90% of the $3.8 billion from China Exim Bank to finance this project.
Haven't you guys learned from Angola?
China has lent Angola around $20 billion since a 27-year civil war ended in 2002.
They are borrowing another $25 billion from China and Brazil to fund the budget gap in 2015 due to low crude oil prices.
Repayments are often paid with oil or funds go directly to Chinese construction firms that have built roads, hospitals, houses and railways across the southern African country.
This means, however, dollars don't end up entering the real economy, increasing costs for ordinary Angolans.
There are around 50 Chinese state companies and 400 private companies operating in Angola alone.
I honestly hope that Kenyans will be able to repay the Chinese without sacrificing their future.
Wishing you all the best.
source:Bloomberg.com, Reuters.com
angola is an oil resource dependent nation ,don't compare kenya to them .
So is Saudi Arabia. That was not my point.
My concerns are two. Can Kenya afford to pay the debt? How much technology-transfer is Involved?
This is not about Kenya but Africa in general. Can Africa afford to borrow so heavily without even demanding transfer of technology?
Angola has an economy twice as big as Kenya and still struggling to pay her debts.
Kenya does not exactly have Singaporean efficiency and financial discipline. She can easily get trapped just like Angola.
What are you babbling about? You speak of transfer of technology as if it is the sole determinant of the viability of this project. I suspect it is a buzz word you have just learnt, and you are hell bent of notifying the world of your newly acquired smarts.
The viability of the project cannot be contemplated in a vacuum. The multiplier effect, a natural consequence of this project, is far more important than your narrow analysis that considers reimbursements in isolation; removed from the economic growth that I alluded to. Technology transfer is important, but not nearly as important as the efficient application of the acquired knowledge. This is a global economy and only the most efficient players should be considered for a project.
Drop the jingoism and cynicism. Your words of cautions are nothing but repackaged lamentations of the average Dangyanyikanwho views Kenya as the existential enemy that must fail for Dangyanyika-the sleeping giant-to wake up.
What are you babbling about? You speak of transfer of technology as if it is the sole determinant of the viability of this project. I suspect it is a buzz word you have just learnt, and you are hell bent of notifying the world of your newly acquired smarts.
The viability of the project cannot be contemplated in a vacuum. The multiplier effect, a natural consequence of this project, is far more important than your narrow analysis that considers reimbursements in isolation; removed from the economic growth that I alluded to. Technology transfer is important, but not nearly as important as the efficient application of the acquired knowledge. This is a global economy and only the most efficient players should be considered for a project.
Drop the jingoism and cynicism. Your words of cautions are nothing but repackaged lamentations of the average Dangyanyikanwho views Kenya as the existential enemy that must fail for Dangyanyika-the sleeping giant-to wake up.
Why involve the Tanzanians in your comments despite referring to them as tanganyikans?