To show you how irrelevant they areHow does this relate to Moody's rating?
LunaticTo show you how irrelevant they are
Cause we are still getting credit for infrastructure project
Pili kuwaambia Tz hamko rated Na any 1st Tier Rating agency cause ur investments are negliable or irrelevant in the west!!
Tanzania receives FDI three times that of Kenya, that means three times investments than Kenya, only we borrow far less than Kenya, because many projects we pay from development budget which is 40%, including SGR, and roads and big part of rural elictrification projects.To show you how irrelevant they are
Cause we are still getting credit for infrastructure project
Pili kuwaambia Tz hamko rated Na any 1st Tier Rating agency cause ur investments are negliable or irrelevant in the west!!
Kwenye credit rating TzTo show you how irrelevant they are
Cause we are still getting credit for infrastructure project
Pili kuwaambia Tz hamko rated Na any 1st Tier Rating agency cause ur investments are negliable or irrelevant in the west!!
From kenyansTanzania receives FDI three times that of Kenya, that means three times investments than Kenya, only we borrow far less than Kenya, because many projects we pay from development budget which is 40%, including SGR, and roads and big part of rural elictrification projects.
Unfortunately nor many countries would wish to risk investing in Kenya, very unfortunate situation, and with current political and ethnicity at its boiling point, the future is very darkFrom kenyans
Hii deni will be very manageable in the medium term.Our debt went to 54% only bcuz of SGR and with strong growth in the next 4-5 yrs and the benefits of the rail kick into the economy the debt will fall to comfortable levels.Ngumi moja haiwezi kumuua bingwa jameni.Kenya hatujashindwa kulipia bombadier yeyote. Yaani kabombadier tu! Hehe.
For your information debts is 56.4%{Moody's report}, is expected to reach 60% by 2018/2019, remember SGR is not finished, only first phase, that mean borrowing will continue for the next seven years to complete remaining phases, then SGR will be under chinese management for years until they recover their money, that means Kenya will service its debt from taxes, my friend is not simple as you think, just read the story of Srilanka, Kenya is leading to economic crisis if this trend of borrowing continues.Hii deni will be very manageable in the medium term.Our debt went to 54% only bcuz of SGR and with strong growth in the next 4-5 yrs and the benefits of the rail kick into the economy the debt will fall to comfortable levels.Ngumi moja haiwezi kumuua bingwa jameni.