President Kenyatta to visit China next week

[Koborer]

aah hizo hela ndogo sana, bilioni tano tuh...mbona hela za tz zinazidi hizi, huyu kenyatta awaache wachina ni wetu!

No problem, we are not coveting your big share. We shall make do with the little we have got. Meanwhile use your big share wisely.

 

[emike]

huyu kenyatta si alisema tz ni ombaomba mbona yeye kafunga safari kwenda ku beg sisi huyo rais wa china alikuja dar hatukumfuata!!!!!!

 

[Chikaka Sumuni]

Kumbe kuomba omba nako ni masifa eheee. Du that is something My brain fails to comprehend. Ama kweli inabidi Mungu a rudi haraka maana kama tunashangilia misaada wakati tunazo raslimali kibao, nadhani brain zetu zinakasoro kubwa, We deserve not to exist in this century. We better give way to other generations to come and utilize the divinely given resources.

WOW!!!!!!

 

[Bukyanagandi]

No problem, we are not coveting your big share. We shall make do with the little we have got. Meanwhile use your big share wisely.

Mkuu Koborer unachosema ni kweli tupu, Wakenya wako makini sana katika matumizi ya funds - lakini waswahili wa Bongo wakipata mwanya watahunguza mabillion ya Wachina like a wildfire!

 

[Elungata]

aah hizo hela ndogo sana, bilioni tano tuh...mbona hela za tz zinazidi hizi, huyu kenyatta awaache wachina ni wetu!

ni bilion tano dollar hizo sio ksh.

 

[NDINDA]

biashara,kenya aiombi misaada its called partnership

kazi kweli kweli

China's loan to push Kenya debt to Sh2.3trn

PHOTO | PSCU President Kenyatta and First Lady Margaret are welcomed by Chinese President Xi Jinping and First Lady Peng Liyuan at an official ceremony at the Great Hall of the People, Beijing, China on August 19, 2013

By JOSHUA MASINDE

China's commitment to offer Kenya Sh425 billion loan will push the country's total debt level past Sh2 trillion, with analysts warning of challenges in servicing the debt.

Total public debt, which stood at Sh1.9 trillion as at the end of May this year, has now soared to Sh2.3 trillion, the highest in Kenya's history.

The amount has also pushed the foreign debt past the Sh1 trillion mark and made China the top bilateral and single largest lender to Kenya, displacing Japan.

It is, however, the pace at which the country is accumulating the debt that is worrying analysts. As of May this year, total external debt stood at Sh832.2 billion.

Infrastructure development ultimately provides support to the economy in the long term and the Chinese financial inflow is certainly a boost to overall development. We are, however, likely to have serious challenges in servicing the debts," University of Nairobi economics lecturer Dr Samuel Nyandemo told the Nation.

The country's total debt was already past the 50 per cent GDP, at 52 per cent, by May 2013, a level experts say a country should start to get concern on its sustainability.

The government already faces a huge challenge in financing domestic debt that currently stands at more than Sh1 trillion.

The cumulative interest and other charges on domestic debt rose to Sh101.7 billion in the year to May 2013, compared to Sh74.2 billion over a similar period in 2012.

"If the investment can yield returns in a much shorter time, then it is a good move. If the repayment period given is longer than the time the projects to be invested in are to mature, then the projects could yield better results in the economy," said head of Sustainable Aid in Africa International, Mr Alfred Okeyo.

Early in the week, President Uhuru Kenyatta led the government in signing several bilateral agreements that would see China, the second largest economy in the world, extend financial support to Kenya in a raft of economic partnerships.

One of the key projects that China is expected to support is the construction of a modern railway line connecting the port of Mombasa to Uganda through Malaba.

Another project is enhancing efficiencies at the port, a key trade route serving landlocked countries which include Uganda, Rwanda, South Sudan, Burundi and the Democratic Republic of Congo. Kenya is also constructing a port in Lamu as part of the Lamu and South Sudan Ethiopia Transport Corridor.

By May this year, China's debt to Kenya stood at Sh63.8 billion ($750 million). The additional Sh425 billion ($5 billion) pushes the debt to almost Sh500 billion.



http://www.nation.co.ke/business/ne...h2+3trn/-/1006/1964208/-/br96ctz/-/index.html

 

[Ab-Titchaz]

kazi kweli kweli

Shukran sana mkuu. Niliona hii kitu katika gazeti la jana nikasema mmh!...kumbe ni mkopo huu.
Kuna wau humu ndani wanaodhani wengine hatujui kusoma eti.

 

[Ab-Titchaz]

BIKO: What does Sh425bn China loan mean to us?

President Kenyatta (left) and his Chinese counterpart Xi Jinping (right) attend a signing ceremony at the Great Hall of the People in Beijing on August 19, 2013. AFP

By Steve Biko

In Summary

• Biko: Sh425bn is a serious injection into our economy especially if it's going into agriculture and wildlife.
• China is a modern colonial master. The dragon is covered in Yuan that makes it so attractive, given our financial crunch.

In investments, knowledge and information can be as critical to success as capital and strategy. Know your business. Know your competition. Know your market. Most importantly-know your risks and this is what I have been asking myself since President Kenyatta signed the Sh425 billion deal with the Chinese.I must say that the Sh425bn is a serious injection into our economy especially if it's going into agriculture and wildlife, the two areas that earn Kenya a lot of foreign currency and create direct jobs than any other sector.

However, my joy and excitement on the signing and the upgrading of the partnership between Kenya and China to a special one has been that of a reluctant analyst. My reluctance is informed with numbers and statistics which do not lie.Bilateral trade amounted to US$186.37 million in 2002; China exported US$180.576 million to Kenya, while only importing US$5.798 million of Kenyan goods, mainly black tea, coffee, and leather. Fast forward to 2013 and the numbers are grim.

The trade imbalance is greater than before as we import more, give key and crucial communications deals to the Chinese, not to mention their perverse attitude to press freedom. But this is not my concern as I believe the legal framework is at work and if any issue arises, then it will be dealt with accordingly.

My concerns about the Sh425bn have more to do with two issues; its effect into our economy if well utilised and what are we paying for. We know the price but do we understand its value to us? to the Chinese? Do we have the relevant fiscal frameworks to ensure that the money is well invested and all loopholes, corruption and embezzlement are sealed?

ALIEN CONCEPT

In developed countries, every partnership that involves two countries will be analysed in the perspective of the individual citizen of the individual countries in terms of job creation, wealth creation, GDP aspect and the tax realm. Unfortunately, this is an alien concept in Africa and more so, in Kenya.

Kenyans would like to know just how specifically the amount will be spent. How many jobs will be created overall and specifically be sector, say how many in agriculture and how many in wildlife. We would like to know just what will be the percentage effect into our GDP of this amount, and specifically into the various sectors of the economy that the money will be pumped into.

Another aspect that analysts need to be asking and not just showing illogical reasoning of excitement because of the money is how this amount will affect our external debt, which has been spiralling out of control, how are we going to pay for it, what is the duration the amount will be fully available to Kenya, how long shall we take to pay for it and most importantly, what as a country have we given up for such a deal?

Have we handed the dragon the key to our oil? Our minerals? Our land? Access to our retail industry for their unskilled labour?

Answers to these questions from the office of the President will help define just how we need to react but you can be assured, none will be forth coming, thanks to the fact that the governments information act has not been signed into law.

The other worrying factor is, in one single deal, we have moved East in terms of our foreign policy as a government. I am wondering, how is the private sector reacting to this? How are our Western partners thinking about this? Will this affect our security partnerships with the US and Britain?

Traditionally, Kenyans love the West. Look at the numbers of Kenyan students going to the US alone. Can you compare that to the East?

MODERN COLONIAL MASTER

They say those who ignore history are bound to repeat it and it seems as a country we are heading there if we do not reflect on our history, especially the scramble for Africa. China is a modern colonial master. The dragon is covered in Yuan that makes it so attractive, given our financial crunch we going through as a country, but at what price?China takes from us primary goods and sells us manufactured ones. This was also the essence of colonialism. ‘Africa must shake off its romantic view of China and accept Beijing is a competitor as much as a partner and capable of the same exploitative practices as the old colonial powers, Nigeria's Central Bank Governor warned in an interview with CNN a few months ago.

Is his advice valid? Should African leaders hearken to this? Do we really understand China's intentions? What is their record in defending human rights? What is their record in honouring business patents and copy right issues?

For Kenya to realise its economic potential, we need to build first-class infrastructure. This should serve a Kenya-centric vision of economic policies, given that we have only raw materials to offer to the Chinese.

Kenya will not develop by selling commodities to Europe, America, India and China. We may not be able to compete immediately in selling manufactured goods to any foreign nation but in the short term, with the right infrastructure, we have a huge domestic market within the region and the African continent. Here, we must see China for what it is: a competitor and I hope the President is reading this.

We cannot blame the Chinese, or any other foreign power, for our country's problems. We must blame ourselves for our investment scams, for embezzlement of our funds, for our neglect of agriculture and education, and for our limitless tolerance of incompetence.

The drink in the chalice that China has given us has a price of Sh425bn, but as a country, as a people, do we understand its value? Its impact to this and the future generation?

As a country we must start to debate these matters as they not only affect us but affect our children's future and not focus on Big Brother and the sexual activities of the person you detest.



BIKO: What does Sh425bn China loan mean to us? - Business News - nation.co.ke

 

[NDINDA]

Shukran sana mkuu. Niliona hii kitu katika gazeti la jana nikasema mmh!...kumbe ni mkopo huu.
Kuna wau humu ndani wanaodhani wengine hatujui kusoma eti.

kwa mkenya chochote kitakachofanywa na TZ ni jokes tu kwao, hata kama ni cha maana, ila wacha wafanye wao hata kama ni cha kizushi au cha aibu kitarembwa mpaka kinakua sifa na thamani ya ajabu, hebu angalia hapo eti partnership, ila TZ ikipata loan inaitwa watembeza bakuli.

 

[Jammu Africa]

kwa mkenya chochote kitakachofanywa na TZ ni jokes tu kwao, hata kama ni cha maana, ila wacha wafanye wao hata kama ni cha kizushi au cha aibu kitarembwa mpaka kinakua sifa na thamani ya ajabu, hebu angalia hapo eti partnership, ila TZ ikipata loan inaitwa watembeza bakuli.

Wa Kenya,,,hatuna shida yeyote na Watanzania kwani,,ni ndugu zetu.

Shida tuko nayo,,,ni chuki ambayo,,hatujui,,,ilitoka wapi,,,kutoka kwa
wa Tanzania,,wachache.

Mahali ninaposhi,,,Kenya, Ngong,,,tunaishi na wa Tanzania wengi,,
wenye biashara zao,,wengine wameolewa na kuoa wa Kenya.

Hii shida ya wa Tanzania na wa Kenya,,,,inapatikana,,hapa
tuu,,katika hii forum,,,ambayo inaendelezwa na watu wachache
ambao,,,wanaishi Ulaya.
...................................................................................................................

Ndio,,,ni mkopo,,kutoka,,Uchina.

Kupata mkopo si kusema eti wewe ni maskini.
Mikopo iko popote duniani hata katika nchi zilizo endelea.

Hata Umarekani,,,nilisoma,,,eti,,ishawahi kupewa mikopo
na Uchina.

Lakini vile Uchina imefanya kwa Kenya,,,ni kutupea
nusu ya mikopo ambayo tuliwahi kupewa na
nchi za magharibi,,,kwa wakati wa miaka 50
na bado,,haiyonekani.

Na 21 gun salute,,,,,,,wewewewewewewe,,,ilimstusha
Kenyatta mwenyewe na wa Kenya wote.

Mitaani,,,watu walikua wanaulizana,,,,,

21 gun salute kwa rais,,wakiafrika,,Uchina????????

Nafikiri rais wa Uchina alikua anakusudia kumuumiza
Obama,,katika roho yake (ya Obash).

Na,,,akahara saana,,huko,,,sijui eti,,,white house.

USA is not heaven,,,,,to hell with Obama and his,,
twisted mind.

To hell with,,this,,useless Mosquitoes,,,,from the
west.


Let,,them help,,,Syrians and stop,,those useless
massacres,,there,,before preaching to others eti,,
human right.

Jinga sana.

 

[Jammu Africa]

Hilo daraja liko wapi?

Ni inter-section,,,,,,iko kati ya Lenana na Karen
katika msitu unao julikana kama,,Ngong forest,,
mahali palikua pa julikana kama namba nyinge(
namba mingi)🙂

 

[Dr. Job]

 

[Dr. Job]

Wa Kenya,,,hatuna shida yeyote na Watanzania kwani,,ni ndugu zetu.

Shida tuko nayo,,,ni chuki ambayo,,hatujui,,,ilitoka wapi,,,kutoka kwa
wa Tanzania,,wachache.

Mahali ninaposhi,,,Kenya, Ngong,,,tunaishi na wa Tanzania wengi,,
wenye biashara zao,,wengine wameolewa na kuoa wa Kenya.

Hii shida ya wa Tanzania na wa Kenya,,,,inapatikana,,hapa
tuu,,katika hii forum,,,ambayo inaendelezwa na watu wachache
ambao,,,wanaishi Ulaya.
...................................................................................................................

Ndio,,,ni mkopo,,kutoka,,Uchina.

Kupata mkopo si kusema eti wewe ni maskini.
Mikopo iko popote duniani hata katika nchi zilizo endelea.

Hata Umarekani,,,nilisoma,,,eti,,ishawahi kupewa mikopo
na Uchina.

Lakini vile Uchina imefanya kwa Kenya,,,ni kutupea
nusu ya mikopo ambayo tuliwahi kupewa na
nchi za magharibi,,,kwa wakati wa miaka 50
na bado,,haiyonekani.

Na 21 gun salute,,,,,,,wewewewewewewe,,,ilimstusha
Kenyatta mwenyewe na wa Kenya wote.

Mitaani,,,watu walikua wanaulizana,,,,,

21 gun salute kwa rais,,wakiafrika,,Uchina????????

Nafikiri rais wa Uchina alikua anakusudia kumuumiza
Obama,,katika roho yake (ya Obash).

Na,,,akahara saana,,huko,,,sijui eti,,,white house.

USA is not heaven,,,,,to hell with Obama and his,,
twisted mind.

To hell with,,this,,useless Mosquitoes,,,,from the
west.


Let,,them help,,,Syrians and stop,,those useless
massacres,,there,,before preaching to others eti,,
human right.

Jinga sana.

What a crass chap you are.

You need to tone down your language and have some decorum because it is folks like you that give the rest of us Kenyans a bad name. Why the insults?

 

[Hon. Aikambe]

good mr president

 

[Dhuks]

Ni inter-section,,,,,,iko kati ya Lenana na Karen
katika msitu unao julikana kama,,Ngong forest,,
mahali palikua pa julikana kama namba nyinge(
namba mingi)🙂

Basi kama ni hilo daraja afrika ziko kadhaa.

 

[Ab-Titchaz]

 

[Ab-Titchaz]

 

[Ab-Titchaz]