This is How Kenya is Going to Be Sold to Chinese

This is How Kenya is Going to Be Sold to Chinese

eliakeem said:


Hayo madeni unayosema kutoka nchi zingine, yana tofauti kubwa sana na madeni ya China. China iliwapa commercial loans with commercial terms and conditions. AfDB na hao wengine waliwapeni concessional loan. Which is a loan with a modest covenants. This is why since you started to hear about AfDB advancing loans to many countries, you never heard about attaching or foreclosing (one) countries assets like what happened in Zambia, Sri Lanka etc. No wonder the Washington Concessors and Bretton Woods warned you about taking excesssive loans from China. They are surely know the aftermath of the Chinese loans. But all I can say is that, the country is in a big trouble, coz the Chinese loans are having a scheduling interest rate. When you are borrowing, you think that, you will be capable to repay. But once the due date is around the corner, things become different. Again since the beginning of the operation of SGR, it has never been servicing its opex. The GoK has to take money from her coffers to run the project. And I'm sure, the situation has never changed.
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Where are you basing the notion that sgr is not meeting its opex costs from? Do you have evidence or are you relying on a report from media about its operations in year 1 half of which only 1 train was running in a day?
According to released figures it makes 1.8b a month at current operations more than the 1b twisted media costs that you are relying on. Therefore its actually running at 80% profit margin!
 
Kifaru_07 said:
Where are you basing the notion that sgr is not meeting its opex costs from? Do you have evidence or are you relying on a report from media about its operations in year 1 half of which only 1 train was running in a day?
According to released figures it makes 1.8b a month at current operations more than the 1b twisted media costs that you are relying on. Therefore its actually running at 80% profit margin!
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Ahaaa haaa haaa
Bro the opere of 1.8bio is not the profit, coz once deducted by opex of > 2+bio, the govt has to go to its coffers to top up to foot the bills. The SGR has never reached the break even point. The govt has always topping up for the operations.
 
Tanzanians here are so bitter and waiting,hovering like hungry vultures to feast on "dying" Kenya. That one will never happen in this life time or the next...gap inazidi kupanuka $40b 😀
 
eliakeem btw Uhuru kusafiri Uchina na kusign biashara ya maparachichi ni a major ongoing discussion pale jukwaa la siasa na the comments are very positive concerning Kenya whilst vile and bitter on Jiwe and his policies.
 
Tanzanians are waiting for port Mombasa auctioning or takeover like Christians waiting for the second coming of Jesus which in fact will never happen.
 
mwaswast said:
eliakeem btw Uhuru kusafiri Uchina na kusign biashara ya maparachichi ni a major ongoing discussion pale jukwaa la siasa na the comments are very positive concerning Kenya whilst vile and bitter on Jiwe and his policies.
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Ahaaa haaa haaa
Jibu swali, the trip was for SGR or MAPARACHICHI?

The news was supposed to be of SGR and NOT MAPARACHICHI.
 
Maparachichi was just an icing on the cake eliakeem na SGR mpende msipende itafika Malaba...take that to your nearest bank.
 
dickchiller said:
it seems like your smart than daily nation reporter. utafiti ujibiwa na utafiti wala sio person opinion. it's matter of time , let wait and see wachina wakichukua KQ, port na wakenya wawe manamba wao
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I don't doubt I am.
I also don't think you are very good in English. The Daily Nation report says 'if the government defaults'.
Not 'when the government defaults'.

When you say its a matter of time, you are exposing your lack of understanding of grammar.

Kenya has never defaulted. Kenya never defaults.
 
kennedy0000 said:
I don't doubt I am.
I also don't think you are very good in English. The Daily Nation report says 'if the government defaults'.
Not 'when the government defaults'.

When you say its a matter of time, you are exposing your lack of understanding of grammar.

Kenya has never defaulted. Kenya never defaults.
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I appreciate my grammar is very poor. it's seems like your current working with Kenyan government that's why your acting like blind person. simply I say " wakati wa kula hakuna kuongea". unadhani watu wote wanaotoa tahadhali kuhusiana na mikono kenya na China hawawatakii mema. muda ni shahidi mwema ngoja tuone uhai tuone
 
kennedy0000 said:
Are you the lenders' spokesperson?
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Ahaaa haaa haaa
Unless you are not a finance professional. To any investment banker getting interest is more profitable than getting dividends. Coz if the company is making loss like KQ, You can skip to pay dividends, but for interest, no such excuses. KQ lenders association wanalilia chooni. They about to loose everything.
 
eliakeem said:
Good.
Now you r coming.
I can briefly and simply attempt like this
1. The loan starts to accumulate the interest immediately after the first draw down.
2. Grace period is normally applied in project financing kind of facility. The project which will service the loan by itself. It has a full to a limited recourse. During the grace period the loan plus the interest is not supposed to be paid but will be deferred payment. Meaning that, the payments which were supposed to be paid when the construction is not due, will be postponed until the project starts to operate. The bottom line is, the grace period also accumulates interest, but the difference is no payment will be done until the facility starts to work.
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Wrong!
Grace period is determined by the terms of the loan! One may or may not accumulate interest during grace period depending on what was agreed during loan negotiation. The SGR loan was attached to the project and as a condition by China was to be built by a chinese company, therefore the grace period was agreed upon like that so that we can start accumulation intrest after the construction had ended and not when the loan was signed...
In Kenya's case there won't be interest accumulating during the grace period!, interest will start to be counted after the grace period ends.
Suffice it to say, you are not taking me anywhere, Mr. I know what finance jargon
 
Kafrican said:
Wrong!
Grace period is determined by the terms of the loan! One may or may not accumulate interest during grace period depending on what was agreed during loan negotiation. The SGR loan was attached to the project and as a condition by China was to be built by a chinese company, therefore the grace period was agreed upon like that so that we can start accumulation intrest after the construction had ended and not when the loan was signed...
In Kenya's case there won't be interest accumulating during the grace period!, interest will start to be counted after the grace period ends.
Suffice it to say, you are not taking me anywhere, Mr. I know what finance jargon
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Ahaaa haaa haaa
That is according to your belief. But the facts remain. The banks can not advance you a loan for a project on condition that, no interest will be accrued during the grace period. But normally what the BANKS are going is to spread that interest accrued during the construction period to the tenor of the loan.
Bro ile siyo hela ya mjomba, it's a business money. No one can give you money for 12 or 18 or 24 or 36 months without any cost of that capital. It's about a decade since I started to work in a number of transaction advisory teams, later a team leader or a transaction adviser. All amortization schedules that I came across with contain an element of interest to be paid during the construction period, let say 18 months and again the interest to be paid during the operations until the end of tenor. Since most of these projects are financed through the project finance fashion. All payments are starting during the operations. Also the deferred or delayed payments are commenced to be paid during the operations stage.
 
dickchiller said:
I appreciate my grammar is very poor. it's seems like your current working with Kenyan government that's why your acting like blind person. simply I say " wakati wa kula hakuna kuongea". unadhani watu wote wanaotoa tahadhali kuhusiana na mikono kenya na China hawawatakii mema. muda ni shahidi mwema ngoja tuone uhai tuone
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Thank you for acknowledging that your grammar is poor. That's where you should have stopped talking.
 
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