Mombasa port was a security guarantee needed for Kenya to secure Chinese' SGR finances

[asvptx]

So? R u trying to argue ur debt is on the way to hit 70% by the end of budget year 2018/2019 ?

Those are your own words. Don't put words in my mouth nigga

 

[Mkikuyu- Akili timamu]

Why are you so bitter? Here View attachment 820029

I said Kenyas GDP is 60% agriclture and Agric related. Most of industries are agro procsssing, Most of the banking services are farmers saccos and farmers banks like equity bank.

 

[Mkikuyu- Akili timamu]

You say Kenya is trapped in debt at 62% to GDP like you guys are saints

Your debt to GDP ratio as at 2013 was 42%. Calm down. Let us BEView attachment 820035

Tanzania is now 32% of GDP in debt, A reduction of 10% since 2013 while kenya has risen from 30% to 70% by end of 2018 June

 

[asvptx]

I said Kenyas GDP is 60% agriclture and Agric related. Most of industries are agro procsssing, Most of the banking services are farmers saccos and farmers banks like equity bank.

Wewe wacha POROJO

Read to UNDERSTAND

 

[Mkikuyu- Akili timamu]

Wewe wacha POROJO

Read to UNDERSTAND View attachment 820081

Agric contribution to kenya GDP :
direct =26%
indirect=27%
Total=53%
as of 2018, I qouted 60% from the last time I saw these figures about 10 years ago.In which only 7% dependecy has been reclaimed from the sector.
This explains why a drought in kenya can cause 2-3% gdp growth to vanish

 

[asvptx]

This is great news with regards to everything Kenya and especially loans that we've been getting lately.

Shilling gains ground against the greenback

 

[Quinn]

Maskini kenya hawakufikiria kabisa kuwa kuna nchi nyingine ya afrika mashiriki itakayo kuja kujenga reli(sgr) zaidi yao, ghafla magufuli kaingia na kupindua kila kitu na kuwafanya wakenya vibaya..kubomoa reli yao hawawezi basi wanabaki kuona fursa zinakimbilia TZ...warwanda hao tunasubir wengne...kwenye hii sgr ni kama maji yan ukiyamwaga huwezi kuyazoa.."wameishia kujenga reli ya ajabu"(in magu's voice)

 

[eliakeem]

You Forgot to mention that Sri Lanka is now forcing importers to use the port so that chinese can make money and recoup their investment. Once Mombasa Goes to chinese, All importers will be forced to use it so that china gets its SGR loan back.
Tz has no loan on bagamoyo, If chinese bring high tech port technology, Tz will up their game in Tanga, Dar and others

Clever Chinese will insist such provion of exclusive right in the contract.

 

[asvptx]

Anyone can go to Wikipedia and change this information you are sharing. In fact, if you look at that screenshot you shared you will notice that the figures you claim for do not have any reference/ citation at all. Anyways, I'd advice you to cite strong referenced or so sources. Thank you.

Noted. [emoji1474]

 

[Rufiji]

You dont have to be an economist to realize that Kenya's SGR is on a life support as we speak. In fact, the only reason, the doctors are hesistant on pulling the plugs is the rule which was passed by the goverment forcing people to use this mode of transportation in hauling cargo from Mombasa to the dry port. Evidently, this rule will be challenged in court and I am positive that it will be struck down...

 

[eliakeem]

kwa heri Mombasa. wakenya walikupenda lkn waChina wamekupenda zaidi